The sole role of a regulatory and legal cluster involves the development and execution of strategies to ensure effective drug development by the team and meet global guidelines. In addition, regulators also ensure that the newly developed drugs are competitive in the pharmaceutical sector, and the company’s activities meet global standards as well as national standards of operations including sale and promotions. The regulatory and legal cluster is also commonly termed as the regulatory affairs team.Read more »
AYUSH or Ayurveda (A), Yoga (Y), Unani (U), Siddha (S), and Homoeopathy (H) is the common terminology provided by the Ministry of AYUSH, Government of India (Ministry of AYUSH, 2018b). However, AYUSH is not limited to these areas of treatment, but also to Sowa-Rigpa, Naturopathy, folk medicine and traditional herbal medications. The AYUSH treatment market in India has caught up speed with respect to sales of commercial products, popularity and research capabilities.Read more »
The pharmaceutical drug market is all about production, development and manufacturing of drugs and medicinal compounds (Khanna, 2012). Medicinal compounds, on the other hand, include all active chemical or organic products with capabilities of eradication and control of diseases. The pharmaceutical drug market can be classified on the basis of the treatment of disease, for instance, cardiovascular drug market, respiratory drug market, and allergy drug market. In other words, the allergy drug market is a niche subset of the large pharmaceutical drug market.Read more »
One of the previous articles shed light on the importance of Supply chain management (SCM) in the e-Commerce industry. Furthermore, SCM is the management of a network of interconnected businesses involved in the provision of product and service packages required by the end customers (Christopher, 2016). The network of interconnected businesses comprises of the following SCM building blocks.Read more »
The components of the pharmaceutical business constitute three main clusters. These comprise:
- regulatory and legal and,
- marketing clusters (Ashton, 2008).
As mentioned in the previous article, increased R&D investments
- drug filing,
- improved quality control,
- drug clinical tests,
- export charges and,
- inspection costs (Li & Hall, 2016).
According to a report by STATISTA, (2017), pharmaceutical R&D expenditures was valued at USD 159 billion globally in 2016.Read more »
R&D investments are an important component for driving the sales and distribution of the pharmaceutical drug market (Pammolli, Magazzini, & Riccaboni, 2011). R&D or research and development helps in improving the productivity of drug production as well as outreaching a larger target of the population. Therefore, it may be hypothesized that increased R&D investments improve the sales and distribution of the allopathic as well as AYUSH based drugs in India. R&D investments in pharmaceutical industries help improving expenditures for drug filing, improved quality control, drug clinical tests, packaging, export charges, and inspection costs (Li & Hall, 2016). Read more »
Chicago Manual of Style referencing or more commonly the Chicago referencing style was incepted in 1906 by the University of Chicago Press (University of Chicago, 2017). It follows two styles: note & bibliography and the author-date system. Note and bibliography comprise of numerical in-text citations and footnoting bibliography [e.g. Chicago manual of referencing1], and mainly followed by authors of literature, history, and the arts.Read more »