Moral of the story for the industry today
1. Will new drugs work?
2. If at all they work, are they safe?
3. If safe drugs are not available any more then where are the ailing patients going to get their suitable cure?
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Need of the hour
1. The need of the hour is to tap emerging markets
2. The most potential market today for outsourcing is India
3. Cost effective generic drugs are going to be in demand in all those countries where healthcare is government funded.
4. Some Asian Countries like Japan are also in need of medicines which are not effective but affordable.
5. Needs to be seen when the affordability criterion will SURPASS the effectiveness criterion
More on Industry Trends at the Veeda CR Corporate blog.
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