A Chronicle Pharmabiz Special
June 28, 2007
Maharashtra sets the trend
The pharmaceutical segment has established strong presence in Maharashtra state with controlling around 40 per cent share of the total Indian pharma market.
Front-runners post double-digit growth
Despite the stringent approval norms in the highly regulated markets, companies from Maharashtra are in the fore-front of getting larger and larger numbers of product approvals, especially in the last couple of years.
"FDA has successfully tackled spurious drugs in the state"
The Food and Drug Administration (FDA) Maharashtra, earlier known as Directorate of Drugs Control, is one of the most successful state FDAs in the country.
Maha firms bet big on R&D
If filing of DMFs and ANDAs are of any indication, most of the leading pharmaceutical companies in Maharashtra are entering aggressively into the highly regulated market through their own research and development activities.
Pharma organized retail upsurges in Maharashtra
The Maharashtra State Chemists and Distributors Alliance Ltd (MSCDA Ltd), the pilot project of All India Organisation for Chemists and Druggists (AIOCD) set to foray into the retail pharmacy business on the same footing
A fertile land for MNCs
The multinational pharma companies (MNCs) in Maharashtra have established strong brand image and good reputation, thanks to the research and development support from their holding companies abroad.
Pharma entities on expansion spree
Several companies in Maharashtra are expanding business outreach through huge investment in R&D, new manufacturing facilities and marketing.
Preferred haven despite migration
A major contributor in the drug manufacturing sector in India, the pharmaceutical industry in Maharashtra grew steadily to a peak in 1980s before starting to register a downfall in the past few years.
Third Biotech Park to come up at Khalapur
In a move to transform Maharashtra into a sought after locale for biotech activities, the state government is in full swing to set up the third biotech park at Khalapur. However, investment required for the proposed park is yet to be decided.