Diabytes
Indian pharmaceutical market News
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Gupta (79), founded Lupin in 1968 and created a global pharmaceutical major with a presence in over 100 countries.
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A generic drug is a pharmaceutical drug that is equivalent to a brand-name product in dosage, strength, safety, route of administration, quality, performance, intended use and risks.
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The company, which had forayed into the growing Indian pharmaceutical market by buying a majority stake in Ranbaxy Laboratories in 2008 for Rs 22,000 crore, sold over 21 crore shares in Sun Pharma.
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The government has stripped drug pricing authority NPPA of powers to cap prices of non- essential drugs after its recent order triggered industry protests.
The Indian pharmaceutical market will continue to grow in the double digits, representing a better growth opportunity than many other geographic markets, Moody's Investors Service says.
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