Inaugurated by Health Secretary Radhakrishnan
Chennai: The 3rd Edition of Pharmac South organised by Indian Drug Manufacturers’ Association was inaugurated by Health Secretary Radhakrishnan at Chennai Trade Centre.
The inaugural function was presided by the National President of IDMA Deepnath Roy Chowdhury. Past National President S. V. Veerramani, K. Sivabalan, Director of Drugs Controller (i/c) and Dr. S. Manivannan, Deputy Drugs Controller of India, CDSCO, South Zone, T. Ravichandiran, Vice President – Southern Region, S. M. Mudda, Chairman - IDMA Karnataka State Board, J. Rajamouli, Chairman - IDMA Telangana State Board were also present at the inauguration
J. Jayaseelan, Chairman – IDMA, S. Sridharan, Vice Chairman, T. Sathish, Hony. Secretary, M. Rajarathinam, Chairman – Pharmac South 2017 organizing committee had made arrangements for this event.
The theme of this year Pharmac South is “Challenges and Opportunities for Startups and Growing Pharma Companies”.
The Exhibitors includes contract manufacturing companies, raw material suppliers, pharma allied industries etc. The event is expected to have 1000 visitors each day 7th and 8th of July 2017.
Speaking to the media IDMA president Deepnath Roy Chowdhury and State president J. Jayaseelan said, "In today’s scenario there are many challenges and threats infront of Pharma companies, particularly on startups and growing companies.
From 2005 India is part of product patent regime and hence no new molecules can be launched by Indian pharma companies but by MNC’s.
Strict regulatory procedures includes control on licences for fixed dose combination, difficulties in launching nutritional products, notification making Bioequivalence mandatory for many formulations etc.
Price control on all routinely selling drugs, Threats like emerging of online pharmacy, notification to doctors to prescribe generic medicines are all posing major challenges on startups and growing companies and Practical difficulties in implementing of GST.
3rd Edition of Pharma South aiming to update and prepare the new and growing entrepreneurs on these challenges. Various lectures and seminars are planned.
Eminent speakers will discuss the topic on Scope in Exports for Startups and Growing Companies, Solutions on Practical Challenges of implementing GST in Pharma, and Importance of Trade Mark for Startup's and Growing Companies.
Tamil Nadu is the state which has more than 400 small and new pharma entrepreneurs.
Tamil Nadu was the state which had the First Pharma Park in India that is during Dr. M.G.R regime in 1979. Incidentally that was the last Pharma Park too. The state has separate biotech policy now but no pharma policy yet.
We need to support the pharma entrepreneurs by promoting various schemes for them and exclusive pharma parks with special schemes. Earlier Tamil Nadu government given purchase preference for the state owned manufacturing companies which was withdrawn later. This can be reintroduced to help the growing pharma companies.
