I welcome all the readers of this blog whether they belong to pharmacy profession or any other related field. The initiative taken by Pharma literati is to be applauded and genuflected and I am agog to write for this blog in future and especially for the upliftment of pharmacy professionals from my beautiful valley called Kashmir. A very minute and small contribution from each one of us should bring laurels to the field of pharmacy. It is always that single drops contribute for making oceans.
Since the inception of pharmacy from 9th century from Middle East the profession of pharmacy has undergone so many changes. And overall scenario lies that India is going to emerge as super power in pharmaceutical industry by the year 2020. I hope this Vision 2020 is 100% up to our expectations and prognostications from economists.
Greeks were the patrons of pharmacy and all the pharma knowing people might be well aware of this fact that word pharmacy originated from word PHARMAKON. The schism of pharmacy from medicine took place in 19th century and since then it has travelled a long journey from compounding and dispensing of elixirs, spirits, powders and mixtures to full grown 20 billion dollar industry which contributes to economy of India as second major. It ranks as third largest manufacturer of pharmaceuticals in global market in terms of volume of sales and the growth of the industry is 13% per year and one of the biggest API producers in the world.
One more interesting thing is that the multinational companies investing in research and development in India may save up to 30% to 50% of the incurred. The cost of hiring a research chemist is 5 times more in US than its counterpart India also the cost of performing clinical trials in India is one tenth of the cost incurred in US. Simultaneously the cost of performing research in India is one eighth of the cost incurred in US.
Despite having such a big podium for pharmaceutical Industry somewhere there are loop holes that prevent the pharmacy graduates and post graduates to acknowledge their expertise in the field. Although India has a large pool of well trained and qualified pharmacy professionals but still pharmacy education is not included to be a part of health care system. The hard work, dedication and perseverance a pharmacy student puts into his /her subject does not yield him/her those opportunities and fields for which he/she yearns.
I hope Pharma literati will provide such a platform for future pharmacy professionals to excel and outshine in their profession. Again approbation to Pharma literati people who have initiated such a forum where in qualified pharmacy professionals can grow and outstrip.