60 years at Cipla, an Indian drugmaker where he is chairman, prepared him for covid-19. Production at its 30 plants fell by 70% nearly overnight in March as India’s government ordered a lockdown that made it hard for its 23,000 employees to work. Critical inputs, from packaging to active ingredients, became scarce. The price of some sourced from China shot up five-fold.
That is good news—and not just for Mr Hamied’s firm, or indeed his country, which has largely avoided drug shortages thanks to Cipla and its fellow pharma firms. The world relies on their health. Their revenues amounted to $40bn in 2019, half of it from exports. They produce one-tenth of all pharmaceuticals by volume, including 50% of the world’s vaccines, 40% of generics sold in America and a quarter of all medicine bought in Britain.
Fears of rising costs and depressed sales, as patients and hospitals everywhere limited non-covid treatments, have added to the existing concerns. Yet the coronavirus may be an inflection point for the industry, if it shows it can rapidly produce huge volumes of coronavirus drugs.
Modi can try persuade Trump injecting curry sauce into the vein works wonder against the Covid brute.
TESLA, CALL THE Governor MOVE TO THE HOUSTON AREA! WE HAVE 100's of THOUSANDS OF RAW LAND, AND IT IS CHEAP! 7 MILLION FOLKS, IN THE AREA. WE WOULD BUY NOTHING BUT TESLA'S, IF WE COULD GET THEM. WE ARE READY FOR YOU! WE ARE A 'AT WILL' STATE, VERY BUSINESS FRIENDLY.LETS DO LUNCH!
...&, the new untested AI-DESIGNED SYNTHETIC ‘SUPER-‘ VAXXXES doesn’t “accidentally ” MASSMURDER, KILL SPERMATAGENESIS &MUTATE ENDERMICALLY HUMAN DNA ATTACKING HUMAN MALES VIA TESTES..CDC NIH ..DOESN’T KNOW, THEY SAY,I MEAN THERE, U,WOULD NOT BE, IF THERE WAS NO MALE SPERM! See?
Big Pharma Trying to monopolize and gain profit from the suffering of others during a worldwide Pandemic. What a fucking joke.
A on financial News
Indian,s already said only Cow Urine is best vaccine for Covid-19.
hope it is also a chance to bring all its people together irrespective of their religion and other differences
Next joke please....
so..there IS a coronavirus drug?
T A X
Indian government beats people in the streets because of their religious beliefs. (And they attack whoever say that they do this lol)
It is a religious war: substances. Sin in Islam to be intoxicated. Millions of Muslims heard it. Animals dont use substances, only WE do. What do they expect if you have to go to a doctor to get even tried and tested medicines you could buy freely previously?
Companies could switch from primarily making generics to producing higher margin licensed drugs.
In current unfortunate coronavirus pandemic indian pharmaceuticals companies has supported the globe tremendously specially supplying HCQ and Domestic market margin is bit low even while companies are penetrating in rural markets are getting fair margins
😁😁😁 What's going on ? Who writes your tweets and articles ? It looks like you're stuck in Economics 101. Please hire someone over 25.
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