日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Industries

Generic drugs from India set to shake up market

By Zheng Yiran | China Daily | Updated: 2019-01-29 09:54
Share
Share - WeChat
An Indian customer (right) picks out generic medicines from a pharmacy in New Delhi. [Photo/Agencies]

Since her mother-in-law was diagnosed with cervical cancer, Wang Yan and her husband have faced two heavy burdens: worry for their mother's health, and the 40,000 yuan ($6,000) bill each month for medicine.

However, relief may be on the way.

India is negotiating with the Chinese government about importing generic drugs from India, whose prices are far lower than the equivalent branded ones. According to one official, India is eager to see cheaper drugs on Chinese pharmacies' shelves as soon as possible.

"China is a potential market. We would like to take the opportunity to export as many generic drugs to China as possible," said Prashant Lokhande, business and economic counselor at the Indian embassy in Beijing.

"We are currently talking with the Chinese authorities about the registration of Indian generic drugs in China. Our medical products, which are already approved in the United States, Europe and Japan, should have a fast registration process in China.

"For the procurement system in China, we are requesting the Chinese government to give Indian drug companies access. We are very hopeful that Indian generic drugs will have a bigger market in China, at a more affordable price," he added.

A report from the India Brand Equity Foundation showed that production costs in India are 33 percent lower than that of the US, while the cost of labor is roughly half of that of Western countries. Therefore, generic drugs manufactured in India are often much cheaper than those produced in the West.

That has helped the Indian drug market explode in popularity. At present, India's drug production ranks as the third biggest in the world, and its pharmaceutical industry has grown at a compound annual rate of 17.5 percent over the past decade.

From April 2017 to March 2018, India's drug export volume reached $17.3 billion. It is estimated that by 2020, the volume will reach $55 billion-growth of around 16 percent a year.

Despite this, and the country sharing a land border with around 1.4 billion Chinese people, only 1 percent of India's medicine exports go to China.

"India is globally known for providing quality drugs at affordable prices and known as the pharmacy of the world. China should be a big market for India, with generic drugs being an important part of that. However, China currently only imports a total of $200 million of products a year from India," said Lokhande.

But now, some big manufacturers, such as Sun Pharmaceutical Industries, Lupin Ltd and Aurobindo Pharma Ltd, are striving to change that. The firms are looking to expand their presence in China, the world's second-largest pharmaceutical market after the United States.

"Pharmaceutical trade between China and India is showing sustained growth. Both sides have had good communication, promoting Indian drugs entering the Chinese market.

"It is believed the expansion and deepening of Sino-Indian pharmaceutical trade cooperation will further enhance the health and wellbeing of people from both countries. At the same time, favorable policies are creating convenience for Indian generic drugs to enter the Chinese market," said Foreign Ministry spokeswoman Hua Chunying, during a media briefing.

Last May, the National Medical Products Administration issued a document, looking to optimize the medicine registration and approval process. Two months later, it issued a guideline on overseas clinical trials, approving clinical trial data acquired overseas when innovative drugs are developed synchronously at home and abroad.

The introduction of the two policies is regarded as a symbol of further opening up the import market, and generic drugs from India are likely to be admitted.

Chen Qiaoshan, a medical analyst at Beijing-based market research consultancy Analysys, said: "Generic drugs from India are high-quality, and their introduction to China may influence the domestic drug market, whose prices are higher. For a certain type of drug, if there is no innovative drug in the field, and the original drug is expensive, the generic drug from India serves as a good replacement.

"Also, the introduction of Indian generic drugs may have a 'catfish effect' on domestic innovative drugs, which will push forward reform and innovation in the sector," she added.

Siva Sankar contributed to this story.

Top
BACK TO THE TOP
English
Copyright 1994 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 加勒比久久综合 | 黄色福利 | 福利一区三区 | 中文字幕视频一区 | 国内精品久久久久久久久久久 | 巨乳毛片 | 丁香婷婷激情 | 欧美成人激情 | 夜夜操免费视频 | 国产精品一区二区三区在线 | 日韩v片 | 蜜臀久久99精品久久一区二区 | 亚洲三级黄色 | 天天色天天 | 一区色 | 精品久久不卡 | 欧美在线资源 | 日本精品在线观看视频 | 国产999在线观看 | 亚洲一区欧美二区 | 午夜专区 | 中文字幕日本 | 欧美爱爱视频 | 日本精品三区 | 免费av网址大全 | 日本一区视频在线 | jizz日本视频| 天堂а√在线中文在线鲁大师 | 国产一区91精品张津瑜 | 亚洲日日日 | 成人午夜毛片 | 免费v片在线观看 | 91香蕉国产| 蜜桃色av | 亚洲唯美 | 国产视频一二 | 一级二级在线观看 | 黄色大片a级 | 在线免费av观看 | 中文字幕在线播放一区 | 欧美日韩一区二区在线视频 |