The global pharmaceuticals market grew rapidly in the 1990s and in the early millennium, due to the ever increasing demand in North America and Europe. However, with hampering patent expiries, declining R&D productivity and pricing pressures, growth in these markets have been slowing down.
As a result, pharma companies are looking for new avenues of driving growth and ways to improve operational efficiencies. A recent survey found out that emerging markets represent a potential growth driver for the industry. Its contribution to the global market increased from 8% in 2003 to 40% in 2010.
India is one of the most significant emerging markets for the global pharma industry. Currently regarded as one of the fastest-growing pharma industries globally, it is primarily driven by a large population, evolving patient demographics, increasing health care expenditure, growing urbanisation and active private-sector participation.
One of the leading Indian pharmaceutical companies, Aurobindo Pharma is a vertically integrated company that delivers innovative solutions from discovery to development and commercialization of drugs and formulations.
Over the years, Aurobindo has evolved into a knowledge driven, R&D focused company, with its manufacturing and marketing infrastructure spread across many countries. Aurobindo has invested significant resources for the regulated markets by designing five of its units for APIs and five units for finished dosages which are approved by international regulatory bodies such as US FDA, WHO, UKMHRA, MCC South Africa, ANVISA Brazil and TGI Australia.
Aurobindo has a robust portfolio of over 400 products and dossiers in major therapeutic areas of CNS, gastro-intestinal, cardiovascular/ anti-diabetics, ARVs, antibiotics and oral contraceptives. A synchronized supply chain that leverages the strong product development capabilities, state-of-the-art manufacturing and vertical integration with APIs has created a creditable track record.
The company has a team of more than 9500 professionals working at its various divisions and overseas operations. The employees are also a part of an “out of the box” ideation programme known as Uttam Vyavahar Puraskar (Individual recognition scheme).
Aurobindo is also involved in many CSR activities. The company holds regular medical camps for employees and their families in several districts of Andhra Pradesh. Distinct personalities and leading political leaders are invited to preside over these events.
The company received a State Award for Best Community Service from the Government of Andhra Pradesh. Aurobindo has provided subsidized transportation to the local people of the state. Aurobindo’s aim to provide relevant and reliable education to women and children became a reality when this program was initiated to introduce non-academic traditional trade across different parts of India.
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Tarun Agarwal is a blogger with a gold medal in Chemistry. He continues to write about the latest developments in the world of medicine. He also shares his thoughts on the same by applying his knowledge in creating or modifying formulae.
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