Latin America – El Dorado for Indian drug firms?
This article was originally published in Scrip
Is Latin America the emerging El Dorado for Indian drug makers? British banking and financial services company Barclays thinks so. And within that geography, the big surprise comes from Mexico, which gains an edge over Brazil given a proactive regulatory environment and the potential for growth and returns.
You may also be interested in...
A rising number of enforcement actions by major drug regulators like the U.S. FDA is slowly making investors cautious about the longer term repercussions on earnings of Indian drug makers.
In a bold move, little known Indian drug firm Lee Pharma has applied for a compulsory license for saxagliptin in India, contending that AstraZeneca sells the diabetes drug at an exorbitant local price and that it is not being made sufficiently available. Lee also says that the originator has not responded to calls to collaborate.
India’s top regulatory agencies are weighing up the findings from a study it had commissioned that looks at the clinical benefits of heart stents, with the possible aim of using the results to back the use of cheaper, locally-produced devices.