Archive | August, 2013

Guest column : Indian Pharma and collaborating beyond the obvious

6 Aug

Last month, Pfizer Asia Pacific, Glaxo Wellcome Manufacturing and Siemens signed on as founding members of a consortium that will offer a platform to pharma companies to address challenges such as costs, regulatory compliance, and responsiveness in production and processes to take drugs from trials to market. As also, leverage new manufacturing technologies to drive up productivity and improve manpower development.

Global companies in high-tech sectors such as pharmaceuticals have long realised the value of collaboration beyond the obvious. In the Indian drug industry however, value has historically been created through greater, and ever greater, competition.

Happily, Indian drug companies are gradually realizing that this is not the only way to create wealth for themselves. Continue reading

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