Pharmaceutical industry, growth and impacts on human’s life .

 Pharmaceutical industry is the fastest growing industry in India. The Pharmaceutical business or industry in India is the worlds third-biggest as far as volume.   The Indian Pharmaceutical Industry currently tops amongst India's science-based commercial industries and ventures with wide range abilities in the complex field of medication production and Research. Indian pharmaceutical business sector is liable to develop at a compound annual growth rate of 14-17 percent for every penny in the middle of 2012-16. India is presently among the main five pharmaceutical developing markets of the world. 

  Pharmaceutical industry involves production and marketing of medicine for utilization as medication. Pharmaceutical organizations are permitted to deal in generic or brand medications and therapeutic devices. They are liable to a mixed variety of regulations and laws with respect to testing, licensing and ensuring safety and efficacy and promoting of medication. Basically, in pharmaceutical industry the production of pharmaceutical products involves standard operating procedure with active pharmaceutical ingredient due to its safety and effectiveness. Pharmaceutical products include medicine, medical devices and vaccines. 

 Pharmaceutical company is growing day by day because it deals with healthcare and wellbeing. Due to its growth rate, many IT companies, BPO and KPO are coming in this sector and providing healthcare services for expanding their business. Already, there are many pharmaceutical companies in India and very skilled personnel are engaged in it. Basically, Pharmaceutical industry includes production of medicine, quality control, quality assurance, and pharmacovigilance, drug monitoring services, Research, clinical research, clinical trial, drug development and marketing of drugs. And in pharmaceutical industry, Many skilled professionals are working and also required. Because pharmaceutical sector is a research sector so that’s why many researchers are involved in new research in this sector.

 Many foreign multinational companies going to set up their research centre and production unit in India due to cost effectiveness and skilled professional. Indian government is providing full support to foreign companies and investors so that they could start the business in India. India has already engaged in various research activities in pharmaceutical sector. India is a developing country and have high population rate that’s why skilled professional is easily available. This industry is recession free industry. The domestic market recently achieved a milestone through global presence in world class generic drugs in the pharmaceutical sector. India joined among the class of main 10 worldwide pharmaceuticals milestones regarding deals by 2020 with worth arriving at US$50 billion.

CLINICAL AFFAIRS: Yes that’s what we deal with!

Clinical and Medical affairs details with the Healthcare Regulatory Authority. It helps the healthcare industries for safety and efficiency of the clinical products, therapies and medical devices etc. Medical Affairs team works closely with the clinical development team for planning and organizing clinical trials. They support Clinical development plan and protocol, ongoing data maintenance and statistical analysis and report writing activities. Medical Affairs identify and address the medical needs associated with products, therapies and disease states thereby driving improvement in patient outcomes in line with commercial objectives. However with time, the role of Medical Affairs has transformed from being a traditional support function to an equal partner role. Besides providing scientific and medical information to healthcare professionals, key opinion leaders and regulatory bodies.

Medical Affairs provides consulting services to sales & marketing, clinical trials, pharmacovigilance, regulatory and legal departments. The role of medical affairs function is to educate the healthcare professionals through the delivery of precise, complete and impartial information that supports a product. The medical and clinical expertise required in the Clinical and Medical Affairs function can lead to continuing growth and advancement throughout the organization.

 

Clinical and medical affairs professionals have an opportunity to work as part of a global, cross-functional team to make a meaningful difference in the lives of patients with cancer, immune disorders, kidney disease and other chronic and acute conditions.

Medical affairs professionals interact with a range of functional areas across the company, including Manufacturing, Quality, Regulatory Affairs and Pharmacovigilance, Research and Development, and Marketing. Medical Affairs plays an important role in promoting proper and ethical use of a company's products and therapies for the benefit of mankind.

 Thus, Medical Affairs function supplements the work of Research & Development and also enhances sales and marketing writing. Medical writing has established as an important function of Medical Affairs, because it requires specialized knowledge and skills to write scientific documents which are well-structured, and presented in a clear and lucid manner. Medical Affairs professionals evaluate and conduct pharmacoeconomic studies to facilitate cost effective health care decision making. The complexity of medical marketing is one of the important aspects of a business proposal in the pharmaceutical industry. The Medical Affairs provides guidance on therapy positioning in all marketing and promotional campaigns and keep a close watch on the approvals. Medical Affairs activities ensure appropriate market conditioning which has a real impact on increasing product awareness.

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