Word: generic-drug
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...INDIAN BUYER: DR. REDDY'S India's second-largest pharmaceutical company markets generic drugs in over 100 countries COMPANY ACQUIRED: BETAPHARM (GERMANY) Generic-drug distributor specializes in medications for heart and neurological ailments PRICE: $572 million DATE: February...
...style of philanthropy: "A market-based approach to giving," says Julie Juergens, director of Stanford University's Center for Social Innovation. Acumen works with local companies on business plans, then helps them make, distribute and market products and services for the poor, from drip-irrigation kits in India to generic-drug shops in Kenya. The underlying idea is that if you help build financially stable companies that sell things poor people need--clean water, housing, health care--then self-sufficiency and a better standard of living follow...
There's a new vending machine making its way into doctors' offices across the country, but instead of dispensing soda or snacks, it spits out generic-drug samples--for free. Only physicians can access the machines, which are designed to counteract the armies of sales representatives who supply medical offices with samples of expensive brand-name drugs. The reps know that patients tend to stick with the familiar, even if doing so means paying more to get a prescription filled. Enter MedVantx of San Diego, whose ATM-like dispensers enable doctors for the first time to give away samples...
...Thursday, former U.S. President Bill Clinton announced a remarkable new program designed to help developing countries clear two major obstacles to AIDS treatment: the high cost of antiretroviral drugs, and the low quality of the countries' health-care systems. The Clinton Foundation has so far signed up four generic-drug companies and helped them cut production costs, reducing by one-third the price of AIDS -fighting drugs. The firms - three in India and one in South Africa - will still profit because of the high volume guaranteed by the Foundation, which is working with Mozambique, Rwanda, South Africa and Tanzania (which...
...harder. For one thing, the constant court battles that are required when challenging patents are exorbitantly expensive by Indian standards. "Profit margins at some companies are declining because of litigation costs," says Kothari from ASK Raymond James. Even when a court case is won, the life of a generic-drug company is never easy: high profit margins last for just the six months that the company has an exclusive right to sell a generic drug. If India's drugmakers are to become truly global, they'll have to start producing the kinds of original medications that they now so freely...