Kiran Mazumdar-Shaw, CMD, Biocon Ltd, has said that both developed countries and emerging markets were now moving towards generic drugs. She added, with India emerging as biggest and low-cost generic producer, it provides a huge opportunity for India to gain from the growing generic drugs market. She has also demanded that the cost of capital needs to be subsidised, since pharmaceutical was a capital intensive business. Generic drugs is expected to be 40 per cent (value terms) of the global pharmaceutical market by 2015.
|Gold Rate in Chennai||Rs. 27580.00 (-0.04%)|
|Gold Rate in Mumbai||Rs. 28550.00 (0%)|
|Gold Rate in Delhi||Rs. 27900.00 (-0.71%)|
|Gold Rate in Kolkata||Rs. 28480.00 (0.18%)|
|Gold Rate in Kerala||Rs. 27100.00 (0%)|
|Gold Rate in Bangalore||Rs. 27300.00 (0%)|
|Gold Rate in Hyderabad||Rs. 27530.00 (-0.22%)|