Pharmaceutical Industry Standard

The Indian Pharmaceutical Industry An Overview on Cost capacity using DEA. Haritha Saranga1 & B.V.Phani2 Abstract The Trade Related Intellectual Property Rights administration (TRIPS) agreement is part of an effort of the international community to race towards a global saving. Indias assent to comply with this is a part of its effort towards increased globalization of the domestic economy. The Indian Pharmaceutical Industry (IPI) is one of the few industries which will be affected in a major way imputable to this as the existing Process Patent regime would travel by way to the Product Patent regime from the year 2005. This combine with the changes in the industry due to Indias efforts over the agone one decade to move towards a market economy created a dynamic environment for the firms in the industry. As a result, IPI, comprising of more than 20,000 players, is slowly consolidating with mergers, acquisitions and alliances; and jerk offting ready to adapt to this bran-new environment. In such a dynamic environment it would be interesting to examine whether there are whatsoever parking area firm level factors which aid in the survival and product of a firm.

This assumes importance due to the fact that with so many players it is almost impossible for any single firm to run the factors which affect the industry as a whole. This is particularly authorized when the changes are driven due to the process of globalization and non due to any policy changes of individual governments. With this objective, we have utilise Data Envelopment Analysis (DEA) on a experiment of 44 listed companies that have survived the past one-decade, to determine the best practices if any in the Indian Pharmaceutical Industry. The results of DEA have been analyzed on with their Compounded Annual Growth Rate (CAGR) to see if interior(a) efficiencies and growth rate are related in the Indian Pharmaceutical Industry. We have also used regression analysis to see the correlations between various inputs/outputs and the growth rates.... If you want to get a full essay, order it on our website: Orderessay

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