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Follow on Google News | Zuventus Healthcare, Aristo Pharma, Indoco, Blucross Labs & Ajanta Pharma in the Race to Win Doctors6th Annual Pharmaceutical Leadership Summit & Business Leadership Awards 2013 to decide the most respected company preferred by the Indian medical practitioners.
6th Annual Pharmaceutical Leadership Summit & Business Leadership Awards 2013 to decide the most respected company preferred by the Indian medical practitioners. Wednesday, 20th November 2013, Mumbai, Maharashtra: As per the figures available with Pharmaleaders, india has close to 7 million registered Indian medical doctors. There are 387 medical colleges in the country—181 in government and 206 in private sector. India produces 30,000 doctors, 18,000 specialists, 30,000 AYUSH graduates, 54,000 nurses, 15,000 ANMs and 36,000 pharmacists annually. Health ministry claims that there are about 6-6.5 lakh doctors available. But India would need about four lakh more by 2020 to maintain the required ratio of one doctor per 1,000 people. It is widely known that the major pharma players in the branded formulation market spend millions in building brands to win the hearts of the doctors to get the patronage & prescriptions, however, as per the latest research available to pharmaleaders & the survey conducted in major towns revealed that doctors have become increasingly conscious of the product endorsements. There is also an increasing competition amongst the pharma companies to satisfy the increasing demands of the doctors. Against the background of the prevailing medical practice & market conditions, the image of pharma companies are of utmost importance says Satya Brahma, Chairman & Editor-In-Chief of Pharmaleaders, India is a challenging market where the promotion of the brands to the doctors & building the sustainable approach to the mindset of the doctors is a huge task & involves hard work & big bucks. All the five major players in the Nomination category such as 1.Zuventus Healthcare Ltd,Indoco Remedies Ltd,2.Aristo Pharmaceuticals Ltd,3.Ajanta Pharma Ltd,4.Blu-Cross Laboratories Ltd are enjoying the market dominance in their respective therapeutic segments & have employed innovative strategies to woo them, the final verdict lies with the doctors as nearly 35000 doctors will vote the coveted title, ‘India’s Most Respected Company by Medical Practitioners 2013”. While the first generation entrepreneur Prakash Guha is spearheading Zuventus Healthcare, veteran Suresh Kare is driving Indoco Remedies, Sharma Brothers are running the Aristo Brand & Isranis & Purushottam Agrawal are driving Blucross & Ajanta Pharma respectively. The Indian pharmaceutical market (IPM) is currently valued at Rs 72,069 crore as against Rs 65,654 crore in 2012 & though Though the market value has seen an increase, the sector overall has experienced a slowdown with its growth going down to 9.8% from 16.6% in 2012. This slowdown can be attributed to the new drug pricing policy and the regulatory interventions over the last year, The industry is witnessing additional challenges like delays in clinical trial approvals, uncertainties over the FDI policy, a uniform code for sales and marketing practices and compulsory licensing. Indian companies will have to raise their compliance to US FDA regulations as they drive their major share of exports from the US market. The final result of the winner will be declared on the award presentation ceremony on Friday, 27th December 2013 in Mumbai, India. Contacts : 6th Annual Pharmaceutical Leadership Summit Unit No. 53, 2nd Floor, Aditya Indistrial Estate, Devrukhkarwadi, Chincholi Bunder, Malad (W), Mumbai – 400 064 Phone: + 91 22 4248 1240 / 4248 1234 / 4248 1235 Mr Anish Khan : ++ 91 9819499475 Ms Amrapali : ++ 91 9594030372 Email : registrations@ Email : pharmasummit2013@ Web : www.pharmaleaders2013.com End
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