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Top Articles - Bird Flu and its Possible Impact in Indian Economy
Bird flu has struck India at a small scale right now. It is yet to become a major cause of concern for the country. However, there are signs that the Indian government and the people are taki
According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product
ng this threat more and more seriously. Already, there has been a huge initiative to cull out thousands of chickens in order to prevent the flu from spreading all over the country. Right now,
; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.
Examples of combination products may in
Examples of combination products may in
the main affected area is the western state of Maharshta. The economic impact of this crisis has not still been measured but it is likely to cause serious damage to the Indian economy in sev
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
ral sectors if the flu spreads in other parts of the country.
Naturally, the first and direct victim of the crises will be the poultry industry. Indians are one of the largest consumers of p
Naturally, the first and direct victim of the crises will be the poultry industry. Indians are one of the largest consumers of p
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
oultry food in the world. In egg production India is the fourth largest country and in case of The annual turnover of this industry is nearly $6.76 billion and more than 5 million people earn
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
their livelihood. No substantial attempt has been made so far to estimate the loss incurred by the industry due to the bird flu crises. The leaders of Poultry Federation of India are trying t
ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc
heir best to minimize the loss. They have expressed their optimism that the worst is over and the crises has almost passed India but not everyone is so optimistic. The price of chicken has de
easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi
reased significantly in many parts of India and if this trend continues then it will adversely affect thousands of poultry entrepreneurs and farmers.
Export potential of this industry is goi
Export potential of this industry is goi
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
ng to be damaged like the local demand. In recent time, Japan showed interest in importing poultry products from India. Naturally, this export possibility will suffer a serious setback. Neigh
and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ
oring Bangladesh has taken strong measures to stop entrance of any Indian poultry products in the country. Nepal is walking in the way of Bangladesh too. Thus, India's export in this sector i
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
s going to suffer a lot in the coming days.
After the poultry industry, tourism is going to suffer in Indian economy. India is one of the most attractive tourist destinations in the whole w
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.
Following aspects would a
Following aspects would a
orld. Now is the peak season for the country's tourism industry because it is the spring time in most parts of the country and the weather is lovely- not hot or cold too much. Since it is jus
dd to the challenges in developing combination products:
Which markets to tap where the combination products can do fairly well?
Which combination prod
Which markets to tap where the combination products can do fairly well?
Which combination prod
early days for the bird flu in India, tourism is yet to be affected but if the crisis continues then tourism can suffer same way like the poultry sector. If any considerable decline of the a
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
rrival of foreign tourists happens that would effect the airlines industry too. Around half a million tourist came to visit the country in January 2006 which is more than 15% higher than Janu
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
ry of 2005. More tourists mean more foreign exchange and more employment for the local people. Indian airline industry is growing at a very fast pace too because of the recent economic boom.
t?
As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel
As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel
The news of bird flu has caused a fall in demand the poultry products. People will tend to buy more mutton and fish to meet their demands of protein. This is certainly not very good news for
ping new procedures for reviewing their safety, efficacy and quality.
Professional from academic institutions, pharmaceutical industries, health care indust
Professional from academic institutions, pharmaceutical industries, health care indust
a country with more than 1 billion people. Maharastra is one of the most developed provinces of India. Mumbai (previously known as Bombay) port, stock exchange and the main cinema industry (b
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
etter known as Bollywood) are situated in this province. Disruption of daily life in Maharastra can have serious impact on the overall economy of the country.
It is still very early to say w
It is still very early to say w
.
As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de
As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de
ether Indian economy would suffer a serious setback or not for the current bird flu crisis. However, this crisis only reminds us of the constant uncertainty of international business as well
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.
Companies that provide selfless information through particip
Companies that provide selfless information through particip
as the need for taking better care of our environment. India is a very poor country and is really ill equipped to face an emergency situation if the flu spreads to human beings in large scale
tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products
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