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The pharmaceutical industry in Pakistan was estimated to be worth Rs. 748 billion (US$2.6 billion) in 2023, representing about 1% of the country's GDP. [1] The industry is largely import-dependent, with more than 90% of raw material being imported and only 12% of active pharmaceutical ingredients locally produced. [1]
The Generics Pharmacy was established by businessman Benjamin Liuson. [2] The Liusons, a traditional Chinese family has been involved in the pharmaceutical industry since 1959 through Pacific Pharma, an importer and wholesaler of drugs. [3] In 1983, Pacific Pharma shifted to investing on generic drugs. [3]
The Corporation has gone through substantial change over the years in its role from barter to commodity exchange arrangement and to trade in line with free market economy approach adopted by the Government of Pakistan. TCP's current role of import of essential commodities is for improving supplies to ensure availability of commodities to ...
In some countries, such as Brazil (photo) and France, more than 20% of all drug sales in units are generic. A generic drug is a pharmaceutical drug that contains the same chemical substance as a drug that was originally protected by chemical patents. Generic drugs are allowed for sale after the patents on the original drugs expire.
Generic drugs for $2 In late 2022, former President Biden signed an executive order urging federal healthcare regulators to devise new payment models for Medicare and Medicaid that would help ...
Generic brand, a brand for a product that does not have an associated brand or trademark, other than the trading name of the business providing the product; Generic trademark, a trademark that sometimes or usually replaces a common term in colloquial usage; Generic drug, a drug identified by its chemical name rather than its brand name
HYDERABAD/BENGALURU (Reuters) -Cipla, India's third-largest generics drugmaker by sales, beat first-quarter profit estimates on Friday as it reported higher sales in its North America market ...
Drug nomenclature is the systematic naming of drugs, especially pharmaceutical drugs.In the majority of circumstances, drugs have 3 types of names: chemical names, the most important of which is the IUPAC name; generic or nonproprietary names, the most important of which are international nonproprietary names (INNs); and trade names, which are brand names. [1]