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Udaya Bhaskar, Director-General of Pharmexcil, says India’s over-dependence on China for its bulk drugs requirement led to fall in exports in February and March.
The pharmaceutical industry has functioned throughout the lockdown and as such is leading the way in creating a safe workplace amid Covid-19 pandemic.
The pharma industry has seen a fall of about 99% in new product launches since April 2019, when 349 products were launched.
In a trial involving monkeys, early treatment of Covid-19 with remdesivir has shown to reduce symptoms of the disease and lung damage.
Over 2,500 active trials are said to be underway in India for drugs aimed at patients suffering from cancer and hepatitis B, among other things.
The government hasn’t yet announced details of the policy, which seeks to make India self-reliant in the manufacturing of bulk drugs.
While major supply has started arriving through sea, some cargoes 'airlifted' by the government on behalf of pharma companies have also started coming in.
The novel coronavirus or COVID-19, which has claimed 2,800 lives in China and affected more than 80,000 people worldwide, is taking a toll on global economy.
The Coldbest-PC cough syrup, manufactured by the Himachal-based Digital Vision firm, has allegedly led to deaths of 9 infants in J&K and one in Haryana.
The price rise won't affect consumers since pharmaceutical companies are not allowed to push up prices of key drugs by more than 10% per year.