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GENERAL
Year : 2009  |  Volume : 1  |  Issue : 1  |  Page : 3-5

Emerging opportunities in pharma industry


1 Clinical Pharmacology, Pharmacokinetics , Ranbaxy Laboratories Ltd, Gurgaon, Haryana-122015, India
2 Drug Regulatory Affairs, Ranbaxy Laboratories Ltd, Gurgaon, Haryana-122015, India

Correspondence Address:
D Jha
Clinical Pharmacology, Pharmacokinetics , Ranbaxy Laboratories Ltd, Gurgaon, Haryana-122015
India
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DOI: 10.4103/0975-1483.51867

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Almost every pharmaceutical graduate, during the tenure of his/her study, is in a dilemma when it comes to choosing the professional field. Conventional jobs related to formulation, synthetic chemistry, analytical research, microbiology, marketing and sales are evergreen and well known, but there are some newer opportunities with tremendous potential which need to be talked about. There are upcoming jobs in the fields of clinical research, regulatory affairs and intellectual property rights. These are prospering at a very high rate and can give rise to a sea of opportunities in the coming years. The demands of these fields are continuously growing because of stringent regulatory requirements and a big pool of talented scientists to address these issues. The word 'outsourcing' also has a significant impact on the pharmaceutical industry. The lower economic costs, a vast pool of skilled workers and a large demographic variation of patient population favor the winds of change. Big pharmaceutical houses in the developed countries are keen on outsourcing their production and research to developing countries like China, India and Malaysia to increase the margin of their profits by lowering their research and filing costs. This in turn is a boon for the Indian pharmaceutical industry and is giving rise to the concept of contract manufacturing and contract research among the Indian counterparts. The outcome: strategic alliances between both Indian firms and foreign based companies and Indian companies entering the domain of contract research.


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