The 6th Annual Edition of The Pharma Legal & Compliance Summit 2017
The Indian Pharma Sector & Its Global Auras
According to The Indian Brand Equity Foundation;
The Indian pharmaceuticals market is the third largest in terms of volume and thirteenth largest in terms of value, as per a report by Equity Master. India is the largest provider of generic drugs globally with the Indian generics accounting for 20 per cent of global exports in terms of volume. Of late, consolidation has become an important characteristic of the Indian pharmaceutical market as the industry is highly fragmented.
India enjoys an important position in the global pharmaceuticals sector. The country also has a large pool of scientists and engineers who have the potential to steer the industry ahead to an even higher level. Presently over 80 per cent of the antiretroviral drugs used globally to combat AIDS (Acquired Immuno Deficiency Syndrome) are supplied by Indian pharmaceutical firms.
The UN-backed Medicines Patent Pool has signed six sub-licences with Aurobindo, Cipla, Desano, Emcure, Hetero Labs and Laurus Labs, allowing them to make generic anti-AIDS medicine TenofovirAlafenamide (TAF) for 112 developing countries.
The Indian Pharmaceutical Sector has been one of the most dynamic arenas when it comes to the impact of any legal or regulatory amendments that happen at minutest of the levels. We have seen era of mergers and acquisitions in the past and times when collaborative competition has taken a front running mode. With the GST as a major impactful amendment for the sector, one is yet to see how much it influences the dynamism of the sector. It is therefore imperative to have a debate and powerful discussion over the legal and regulatory aspects and derive successful mantras to take home.
Lex Witness since the last 5 years has been organizing a dedicated platform for the Indian Pharmaceutical Sector’s legal professionals to get together and brainstorm on various topical issues. We now foray into The 6th Annual Pharma Legal & Compliance Summit 2017 scheduled for 6th October 2017, NOVOTEL Hotel, Juhu Beach, Mumbai.
With 5 power packed sessions throughout the day, the summit will showcase industry leaders as expert speakers in their respective function areas expressing their lessons, tricks and success stories. Join us at The 6th Annual Edition of The Pharma Legal & Compliance Summit 2017! Reserve Your Seats Now