Showing posts with label rite aid pharmacy. Show all posts
Showing posts with label rite aid pharmacy. Show all posts

Sunday, October 16, 2016

Pharmacy Netmeds fundraising plans even in the business-to-business B2B space raise more funding

Net-Meds Marketplace Pvt. Ltd, which runs online pharmacy Netmeds.com, is firming up Series B fundraising plans even as it is looking at acquisitions to beef up offerings and diversify into the business-to-business (B2B) segment, a top executive told Techcircle.in.

The PE-backed company that raised $60 million in two tranches last year expects to close the second round of funding in a year, said founder and CEO Pradeep Dadha.

At present, Netmeds caters to retail customers by procuring products from wholesale and retail shops. It plans to enter the B2B segment, targeting hospitals and retail shops, which would enable it to buy directly from manufacturers, he said.

It expects to enter the B2B segment after the Goods and Services Tax (GST) is implemented, Dadha said.

A part of the funds will also be used for building cold-chain storage facilities and improving its supply chain when it enters the B2B space, he added.Dadha said the online pharmacy is at a stage where ecommerce was five years ago and hence is spending a lot of money on customer acquisition to create a business category and maintain service levels. Furthermore, the firm drives its growth through prescription and non-prescription medicines, and not via over-the-counter and FMCG products. Hence, it has higher stickiness from existing customers and can continue to offer discounts through an efficient supply chain and collaborations with manufacturers.

It is also engaged in acquisition talks with companies that have complementary service offerings. Early this month, the firm was reported to be in an advanced stage of discussions to acquire Pluss, a hyperlocal drugs delivery startup, owned by Alpinismo Online Ventures Pvt. Ltd. The combined entity is expected to take on rival 1mg, an online marketplace for medicines.

Dadha declined to comment on Pluss, but said through acquisitions, it could offer value-added services such as recording information on chronic diseases for customers. The company continues to look for acquisition targets in the logistics and health-tech space.

Net-Meds Marketplace was launched by Dadha whose family ran Tamilnadu Dadha Pharmaceuticals Ltd, which was acquired and merged with Sun Pharmaceutical Industries Ltd in 1997. S Mohanchand Dadha (father of Pradeep Dadha) who founded Tamilnadu Dadha Pharmaceuticals is now a member of the board of Sun Pharma, India’s top drugmaker.

The firm claims to have close to one million customers from 700 cities with 65% of the business generated from tier II and III cities, Dadha said.

In October last year, Netmeds received funding worth $50 million (Rs 325 crore) from healthcare-focused global private equity firm OrbiMed, with participation from existing investors MAPE Advisory Group and founder and CEO Pradeep Dadha’s family investment fund.

In May 2015, MAPE had said it will invest about $10 million in yet to be launched Netmeds, taking the total Series A funding to $60 million.

The company has 70,000 stock keeping units (SKU) with an average basket size of Rs 1,750. It plans to reach $1 billion transactions by March 2020.

Other online pharmacy startups in the space include Zigy, 1mg and CareOnGo, to name a few.



http://techcircle.vccircle.com/2016/10/13/netmeds-plans-to-enter-b2b-space-raise-more-funding/

The drug department on a pharmacy in 11th chemist shop to be sealed and 30 chemists lose licence

NOIDA: The district drug department on Friday sealed a pharmacy in Mamura for being run without a pharmacist making it the 11th chemist shop to be sealed in the past two months. It has also suspended licences of over 30 chemists in the past two months for operating their pharmacies without a pharmacist.

During the Friday raid, a pharmacy in Chhalera also received a show-cause notice by the department. Officials had said that the drive against shops violating rules will be intensified after Dussehra.

Deepanshu Medical Store in Mamura was sealed and Pooja Medical Store in Chhalera was issued a show-cause notice. The department also banned the sale of drugs by the store for now.

During the inspection, the officials found that Deepanshu Medical Store had not appointed a registered pharmacist and was instead being run by the chemist, who was not present in the store at the time of the inspection.

Deepak Sharma, drug inspector of the district told TOI that there was no proprietor or pharmacist present at the store when it was raided and instead a third person was found at the store. "We have sealed the store and the chemist? licence has been sent to the District Licensing Authority for action. No bills were found for the sale and purchase of the drugs," he said.

Similarly, at Pooja Medical Store, no pharmacist was found and hence, a show-cause notice was issued by the department to the store owner and sale of drugs was stopped. Employing a registered pharmacist at the store is necessary for chemists.

The chemist association blamed the government for the mess saying it issued licences without keeping a check on the numbers. Anoop Khanna, president, Gautam Budh Nagar chemist association told TOI that it (the drive against pharmacies) is like asking someone to make a mistake and then punishing them for it. "The government has allowed so many drug stores to run and issued licences but pharmacists are few and have become redundant now. It is very unfair to those who are running their pharmacies with a pharmacist as they don't even need one."


http://timesofindia.indiatimes.com/city/noida/11-drug-stores-sealed-30-chemists-lose-licence/articleshow/54859712.cms

Thursday, October 13, 2016

The Medicines and Reliable Implants for Treatment (Amrit) pharmacy at Gauhati Medical College Hospital

GUWAHATI: The state got its first Affordable Medicines and Reliable Implants for Treatment (Amrit) pharmacy at Gauhati Medical College Hospital (GMCH) on Wednesday.

Inaugurated by Union health minister JP Nadda, the store will provide life-saving drugs at heavily discounted rates. Patients can also buy oncology and cardiovascular medicines and implants. Similar Amrit stores will be opened on the premises of five medical college hospitals in Jorhat, Barpeta, Tezpur, Dibrugarh and Silchar soon.

"We are trying to provide affordable medicines and treatment to people. Drugs for cancer and other diseases will be available at the GMCH outlet," said Nadda, who was accompanied by state health minister Himanta Biswa Sarma.

In August, Sarma had said if the six Amrit pharmacies in medical college hospitals were successful, the state government would open more such outlets elsewhere.


http://timesofindia.indiatimes.com/city/guwahati/Assam-gets-first-Amrit-pharmacy-at-Gauhati-Medical-College-Hospital/articleshow/54575859.cms

Wednesday, October 5, 2016

The fighting cancer by making changes to her lifestyle and eating healthy


A small swelling constantly reminds Radhika Singh of what is she up against — breast cancer. But the 51-year-old isn't on medication; she's trying to fight cancer by making changes to her lifestyle and eating healthy.

"There's no guarantee that the cancer won't come back after chemotherapy so I didn't want to go through it and deal with the side effects," says Singh, who moved from Delhi to Mashobra in Himachal Pradesh to be in a cleaner environment. Since 2010 when she got her cancerous lump removed, she's been on a strict diet of organic fruit and vegetables, which she grows herself, and avoids dairy and gluten (wheat and wheat products).

While Singh might have taken a drastic route by saying no to chemo, for other survivors, a cancer diagnosis offers a bittersweet opportunity to make lifestyle changes that may ultimately save their lives. The changes are simple: cut the crap (no smoking, drinking, processed food and sugars), exercise, and eat food that's free of chemical fertilizers, pesticides and growth hormones.

There's no clear scientific evidence to show that lifestyle and diet can cure cancer, but patients point out that there are no guarantees in life — all one can do is maximize your chances with healthy habits.

Amit Vaidya came to India from the US in 2012 after doctors told him that he didn't have long to live as his gastric cancer had returned after being in remission since 2009. He had undergone 70 rounds of chemo, and radiation therapy. "My decision to come to India was to get palliative care. As part of that plan, I changed my lifestyle and diet, and underwent cow therapy. To my surprise, I started getting better and stronger," he says.

He documented his experiences in the book 'Holy Cancer: How a cow saved my life'. Vaidya wakes up at 4.30am every day, meditates and does yoga, and walks 10km. He chews raw tulsi and neem leaves, and drinks a glass of warm water with organic honey before breakfast. He says it is very important to know where his food is coming from, and he lives close to the source of the food. "I only consume ghee and milk of desi cows, which have not been fed on a diet of hormones," says Vaidya, 38, who lives on Vypeen, an island off Kochi in Kerala. He says the lifestyle changes are life-long and cannot be abandoned if cancer goes into remission. Delhi-based nutritionist Ishi Khosla says people with cancer often seek her help to manage their symptoms with diet. While it doesn't work in every case, Khosla says "most people do feel some difference".

Anjali Sapra, an artist based in Delhi, says eating right can make a difference even while undergoing chemo. Diagnosed with breast cancer in 2014, Sapra underwent surgery and chemo, which left her sense of taste and smell compromised, thus affecting her appetite. "It's important to eat well during chemo as it boosts your immunity. But most patients are unable to because of the side-effects of chemo. Even, carers, often, don't know what to cook for the patient," explains Sapra. Dr Ramesh Sarin, senior oncologist at Apollo Hospitals in Delhi, says there's no well-controlled study to support any diet that prevents cancer. "While some studies indicate sugar is bad for cancer, there's no solid study to say cut sugar completely from the diet. Similarly, we know that some insecticides have been shown to cause cancer but not all. So while eating organic is good, we cannot say eating non-organic food is bad," says Dr Sarin. Overall, oncologists encourage patients to cut down on refined sugar, consume fruit and vegetables, and avoid red meat.

Mumbai's The Health Awareness Centre (THAC), an institution that promotes healthy eating and living, sees about five people with cancer every day. Started by nutritionist Dr Vijaya Venkta, THAC recently conducted a small study in collaboration with Tata Memorial Hospital on the effect of diet and lifestyle on managing cancer.

During the study, five palliative cancer patients in Bhakti Vedanta Hospital (Mira Road), were exposed to a corrective diet and corrected exposure to sunlight for 14 days. At the end of the period, four patients reported no symptoms, one had reduced symptoms and all were on reduced dosage of morphine. "We have seen patients benefiting from such changes. In some cases, tumours have reduced, in some the size has remained the same...how much each person improves is different. But, clearly, food seems to the pharmacy now," says Anju Venkat, nutritionist at THAC.


http://timesofindia.indiatimes.com/home/sunday-times/Fighting-cancer-with-common-sense/articleshow/54633285.cms

The invention of a ‘super condom’ by a team of researchers headed by an Indian American researcher of HIV and AIDS

The breakthrough invention of a ‘super condom’ by a team of researchers headed by an Indian American researcher has opened an innovative way to prevent the spread of HIV and AIDS by killing the virus through antioxidants contained in the condom.

The new condom was developed by Professor Mahua Choudhury and her research team at Texas A&M University. She claims that it would help in fighting the spread of the deadly virus.The super condom is made of an elastic polymer called hydrogel, which has antioxidants collected from plants that have the power to kill the HIV virus.

Choudhury, an assistant professor at the Texas A&M Health Science Center’s Irma Lerma Rangel College of Pharmacy, said in a statement, “We are not only making a novel material for condoms to prevent the HIV infection, but we are also aiming to eradicate this infection, if possible.”

She added: “Supercondom could help fight against HIV infection and may as well prevent unwanted pregnancy or sexually transmitted diseases and If we succeed, it will revolutionize the HIV prevention initiative.”

Choudhury who completed Molecular Biology, Biophysics and Genetics degree in India got her Ph.D. in the US. Since then she has been researching diabetics and obesity epidemic.

Choudhury was one among the 54 people who were awarded the Bill & Melinda Gates Foundation’s Grant for Global Health Challenge.

This year’s challenge for the winners was to develop a latex free condom to help battle the epidemic of HIV, which has by now affected 35 million people in the world.

“If you can make it really affordable, and really appealing, it could be a life-saving thing,” Choudhury said.

The material used in the condom to kill the virus is already in use as a water-based hydrogel for medical purposes such as contact lenses.

In addition to protecting from STDs and pregnancy, the super condom’s antioxidant quercetin is also capable of preventing the replication if HIV and in case if it breaks the quercetin would be released for additional protection.

The researchers also claim that the new design of the condom will escalate the sexual pleasure and people will use it more often.

The condom has already been created and is now awaiting patent approval so that it can go on sales in the market after testing.

Choudhury is hopeful that she can make the condom available to everyone including those in rural areas, where these types of resources are limited.

Since the HIV outbreak in 1981, the deadly virus has killed 39 million people worldwide.


https://www.americanbazaaronline.com/2015/12/16/indian-american-researcher-mahua-choudhury-invents-super-condom-to-fight-hiv/

Saturday, October 1, 2016

The disappearance of life saving drug D-Penicillamine from the market

Alarmed at the disappearance of life saving drug D-Penicillamine from the market, which is used to treat Wilson’s disease, the central drug regulator has called a meeting with five major pharmaceutical companies, which are involved in its sale, on Friday.

The five firms which have been requested by Central Drug Standard Control Organisation (CDSCO) to attend the meeting “without fail” are German Remedies, Panacea Biotec, Samarth Lifesciences, VHB Lifesciences and Chandra Bhagat Pharma Private Limited.

Wilson’s diseases is a rare genetic disorder which prevents the body from getting rid of extra copper. The build up of copper may damage liver, brain, kidneys and eyes. D-Penicillamine is known to remove excess copper via urine.

“As per the representations (to CDSCO), the drug has disappeared from the market in the recent past and it is no more available in the country. The availability of the drug is very important as there are no alternatives for the treatment of Wilson’s disease,” said the letter written by Deputy Drugs Controller R Chandrashekhar to the five companies.

Panacea Biotec, Samarth Lifesciences, VHB Lifesciences and Chandra Bhagat Pharma Private Limited have been selling this medicine in India under the brand name Cilamin, Distamin, Artamin and Atrmin, respectively.
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“Therefore, a special meeting on the subject matter will be held by Dr G N Singh, Drug Controller General of India on September 30 (Friday)…to gauge the situation and examine the remedies to make the drug available in the country,” the letter added.

According to a September 16 petition on change.org by Wilson’s disease patient Piyush Gattani, the reason for this ‘real or artifical’ shortage is the government’s decision to bring this drug under price control.

“This drug’s price has been fixed by drug price controller at Rs 138 per strip of 10 capsules. This molecule is not manufactured in India and it is imported, then capsulised and then sold by few pharmacy companies like VHB Lifesciences, Samarth Pharma, Chandra Bhagat Pharma. Due to non availability of raw material and higher cost due to duties, etc, it is no longer cost effective for them to import and sell this medicine.

Probably this is the reason for the shortage,” Gattani said in his petition which requests government aid for patients suffering from the disease.

“Government might have taken the decision in interest of the patients, however it has become counterproductive. DPCO should have kept the price which would have not caused the pharmaceutical companies to go in losses. This would have helped,” he added.


http://indianexpress.com/article/business/business-others/d-penicillamine-life-saving-drug-disappears-from-market-cdsco-calls-for-meeting-3056870/

The organized a programme to mark world pharmacy day celebrated

AURANGABAD: As a part of Pharmacist's Day celebration marked on Sunday, around 150 pharmacists, all members of Aurangabad Jilha Chemists and Druggists Association (AJCDA) took pledge to develop a sense of loyalty and duty to the pharmacy profession.

"With a view to spread awareness among the masses regarding right use of medicines, AJCDA organized a programme to mark World Pharmacy Day, at Aushadhi Bhawan, in Gulmandi, Aurangabad," said AJCDA president Raosaheb Khedkar.

AJCDA secretary Manohar Kore said, "Pharmacists represent the third largest healthcare professional group in the world and working in various positions, applying their unique knowledge and skills, contributing to the health of the nation." He added, "Pharmacy profession contributed significantly in the area of good health and prosperity. No one can think about good health without medicines, because medicine is crucial and key factor in the health sector. WPD signifies the immense contributions of pharmacists and the pharmacy profession to our world."

On the occasion Khedkar also appealed to all pharmacists to wear apron while working at drug stores to create an identity.


http://timesofindia.indiatimes.com/city/aurangabad/Pharmacy-Day-celebrated/articleshow/54624876.cms

Sunday, September 25, 2016

The e-pharmacies will create a digital medical record of the patient’s medicine consumption and ensure antibiotic resistance in india

Online pharmacies are seen to be the right platform to stall the increasing antibiotic resistance. The antibiotic abuse is an epidemic which is slowly expanding to mar drug efficacy in India’s patient population. The overuse and irregular usage of antibiotics has created a crisis of microbial resistance in the country, stated Dharmil Sheth, co-founder, PharmEasy.

The stark reality is that antibiotics are abused in needless situations like common colds or diarrhea. While some efforts have been made by the government, academicians and professionals to stop its misuse, but there is a long way to go. India, with its high propensity for infectious diseases has fallen prey to antibiotic resistance. The reality is that antibiotics which is the core of modern medical practice, may become ineffective that even minor infections and surgeries could prove fatal, according to PharmEasy chief.

Stating that fatalities ensuing from antibiotic resistance are a cause of concern, Sheth sees e-pharmacies for drug sales proving to be an apt solution to stall the menace. It enables the right medicine for the right patient in the right dose. Prudent use of antibiotics is vital to prevent the emergence and spread of drug resistance. It is here that the e-pharmacies will create a digital medical record of the patient’s medicine consumption and ensure antibiotic resistance control, Sheth told Pharmabiz in an email.

There are several direct benefits by embracing the e-pharmacy model. Every transaction is recorded and tracked. There is no possibility of medicines being sold without prescriptions because this can easily be audited and verified. Dispensation is done by a registered pharmacist and from licensed pharmacy premises. Further, the e-pharmacies that are part of Indian Internet Pharmacists Association do not even allow sales of Schedule X and habit forming medicines through the online sales platform. Therefore, this model is best suited to enable drug recalls as there are purchase records of every transaction with the patient’s name, address, telephone number and email. The e-pharmacies also ensure all sales are recorded by batch number, expiry date with proper invoice and by a licensed pharmacist, he added.

We have already commenced medicine sales via e-prescription. From the PharmEasy’s mobile app, the consumer orders for a prescription pick-up which is authentic formats and approved by the doctor. The nearest physical pharmacy store, registered with PharmEasy sends the delivery person to collect the prescription and get the medicines delivered, explained Sheth.

The e-prescription model has a good acceptance as the patients trust the source of the medicines that they are consuming. Further the e:pharmacy customers have appreciated the convenience of the model to purchase the drugs much more efficiently, he said.


http://www.pharmabiz.com/NewsDetails.aspx?aid=97649&sid=1

The Karnataka government is exploring all possibilities to introduce clinical pharmacy departments

The Karnataka government is now exploring all possibilities to introduce clinical pharmacy departments in all its 30 state-run hospitals. The move follows the proposal put forth by the Indian American Pharmacists (IAP), a not-for-profit organisation which is keen to strengthen Indian healthcare infrastructure with clinical pharmacy services to support patient care.

According to IAP, the clinical pharmacy services at the government hospitals should be manned by the qualified Pharm D candidates. The new talent pool is armed with a six-year rigorous degree course: Doctor of Pharmacy. While the corporate hospitals have already gone ahead to create dedicated teams of Pharm D to support the medical experts in evidence based practices and promote medication safety, in the government sector SDS TB Research Centre & Rajiv Gandhi Institute of Chest Diseases (RGICD), Bengaluru has taken lead in this space.

The 470-bed SDS TB Research Centre and RGICD only focuses on pulmonary medicine and thoracic surgery and has now recognised the importance of medication management to monitor the interactions and adverse drug reactions of tuberculosis drug regime.

At the inauguration of the Indian American Pharmacist Clinical Pharmacy Library for the benefit of professionals and the pharmacy students in the state, Dr. Sharan Prakash Patil, minister for medical education said the government would examine the proposal to set up medication management centres across its 30 government healthcare centres. This would also provide the 540 Pharm D candidates passing out annually with a promising career opening.

The lack of trained personnel to handle medication errors is a concern and in this regard a qualified team of Pharm D candidates would give a fillip to patient care in the government sector, noted Dr. Patil adding that the state would be keen to consider supporting this initiative.

According to Basavaraj Banapur, president & CEO, Indian American Pharmacist, India also needed a digital medication record (DMR) that includes patient-family history, current laboratory results, diagnosis and the treatment plan. As a pilot initiative, we maintain the health-medication database of the entire population of Haligeri village, Ranibennur taluk, Haveri district in Karnataka.

The US healthcare space revolves around 3 Ps: patient, physician and pharmacist. In India it is only the patient and physician. The presence of pharmacist is critical in the Indian healthcare space. We need more education than medication and our hospital staff needs to be aware on the important role of a pharmacist in medication management, pointed out Banapur.

Despite the growth of mobile phones in India, the people here have no access to a single page DMR which provides their disease prevalence and basic treatment protocols in an easy-to-view and retrieve format via mail or what’s app. Now only a pharmacist can enable a DMR at a faster pace in India. Going by the paucity of medication management centres, there are considerable opportunities in clinical pharmacy in the country. We intend to make RGICD as the centre for training doctors, nurses and pharmacists via this maiden platform.

Dr. DA Gundu Rao, president, Karnataka State Pharmacy Council urged the state government to permit conducting Pharm D courses at the Government Pharmacy College in Bengaluru and the second centre coming up at Kalburgi.


http://www.pharmabiz.com/NewsDetails.aspx?aid=97627&sid=1

Thursday, September 22, 2016

Health services in government health centres affected as pharmacists employed at the district hospital

NOIDA: Health services in government health centres were seriously affected as pharmacists employed at the district hospital, CHCs and PHCs across Gautam Budh Nagar went on a strike. Around 46 pharmacists deployed at the different government centres on a regular basis stopped work at the emergency, OPD at the centres including CHC Bhangel, Dadri, Dankaur, etc. Work was gravely affected at CHC Bhangel and district hospital and pharmacists could be seen jostling with policemen at the latter, where pharmacists refused to allow the authorities to break the lock of the pharmacy. Pharmacists had on Monday taken in possession keys of the pharmacies of some of these centres and the district hospital. A number of patients were seen waiting for medicines for around three hours even as patients reporting fever and other ailments continued to flow in. Some complained that they were being handed over wrong medicines as work was handed over to the contractual employees working at the hospital.


Chief Medical Superintendent NM Mathur had to call police to break the lock of the district hospital's pharmacy in the morning.

A team of policemen led by ASP Gaurav Grover and Sector 20 SHO Amarnath Yadav reached the spot and tried to intervene even as the pharmacists refused to budge saying that they would not allow the pharmacy to run. "We had instructions from the CMO to relent the strike. We understand that the patients are huge in number but our demands have been on hold for years now. Earlier too, the government said that they will meet our demands but nothing happened. We now want the Chief Minister to take cognisance of our demands," Kapil Chaudhary, state Joint Secretary, Diploma Pharmacists Association (DPA) told TOI.


He along with Sanjeev Sharma, district secretary (DPA) started an indefinite hunger strike after the hospital authorities started work at the pharmacy with police's mediation around noon. Sources told TOI that contractual employees from the private hospitals were roped in for disposal of services. Pharmacists say that the strike will continue till the chief minister's office takes action on their demands regarding wages and creation of more posts. The pharmacists are demanding creation of more regular posts saying that the number of regular pharmacists are disproportionate as compared to the rising number of patients.


"We have seven pharmacists and four chief pharmacists at district hospital. Only four of them work at pharmacy where thousands of patients turn up. Moreover, pharmacists are made to work at the OPD, post-mortem duty and emergency as well. The number is far lower than what is required," Sharma said. Chaudhary said that they are also demanding a raise in pay-scale as compared to the scale of diploma engineers and removal of anomalies of the seventh pay commission.


http://timesofindia.indiatimes.com/city/noida/Work-at-govt-health-centres-affected-as-pharmacists-strike-work/articleshow/54432893.cms

The government facility providing vital free care to delhi the biggest threat to modern medicine

Like medical centres across India’s sweltering capital, the Kalawati Saran hospital in north Delhi is bearing the brunt of an outbreak of mosquito-borne disease.

Entire families are camped out in its corridors, alongside stocks of food and water. Women sleep nearly 20 to a room on mats inside the neonatal ward. Outside, a bin overflows with rubbish and a stray dog shuffles up the stairs.

Few people wear masks and even fewer use foot covers, which might keep Delhi’s incorrigible dust from entering treatment rooms.

Hospitals such as Kalawati, a government facility providing vital free care to Delhi’s poorest, are ground zero for antibiotic-resistant superbugs – described at the UN general assembly this week as the biggest threat to modern medicine.Nowhere is the growing global threat of antibiotic resistance as stark as in India, researchers say.

One of the resistance-enabling enzymes that most concerns doctors was discovered to be rampant in Delhi in 2008, and named after the city: NDM-1. It has since spread to 70 countries around the world.

But poor conditions inside some Indian hospitals, cities and villages are only part of the problem. A 2010 study found Indians were the largest consumers of antibiotics in the world, and the Indian Medical Association has estimated that about 50% of prescriptions might be inappropriate or unnecessary.

“Doctors try to be on the cautious side, so they usually prescribe antibiotics for conditions where it is not required,” says Dr Ajay Kumar, a senior specialist in paediatrics at Kalawati Saran.

There are also financial incentives: doctors routinely receive commissions from drug companies for prescribing particular medicines.

Over-prescribing isn’t limited to hospitals. At a pharmacy close to Kalawati Saran, it was possible on Wednesday to buy the antibiotic Nflox-TZ without a prescription – just a vague description of a stomach ache. The pharmacist agreed to sell a single strip – half the full course – for about 69 rupees (80p).

Hundreds of strips and packages of antibiotic were also being sold, seemingly without prescription, from the rows of pharmacy stalls opposite the All India Institute of Medical Sciences (AIIMS), a major hospital in south Delhi.

But cracking down on antibiotic use, or making the drugs more expensive, would have its own toll: more Indians still die for lack of access to the powerful medicines than from their overuse.

Delhi’s newborns often bear the brunt of poor conditions and antibiotic overuse. A landmark study published in the Lancet last week followed 13,530 babies admitted into intensive care units in the city’s three largest hospitals, and found an “alarming degree” of antibiotic resistance.

Nearly 500 babies died from sepsis, many contracting the disease from the bacteria acinetobacter. Of those, 82% simply could not be treated by any known antibiotic.“We are now staring at overwhelming evidence of rampant antibiotic resistance, across all ages, all over the country,” Dr Vinod Paul, the chief of paediatrics at AIIMS, told the Hindu newspaper.

Awareness campaigns have proliferated among India’s medical establishment to persuade doctors to prescribe alternatives. “We don’t use antibiotics indiscriminately, and we closely monitor the common bugs, and which antibiotics would be best to treat it,” says Kumar, from Kalawati Saran.

“We avoid broad-spectrum drugs, and we try to use specific antibiotics for specific conditions. We are more aware, and really very finicky about it.”

However, he added: “Developing countries are the same … There’s nothing unique to this place or this city. The reasons are all the same.”

On Tuesday, all 193 member states of the UN agreed to take the threat of antibiotic resistance as seriously as climate change, and report back in two years about the results.

But superbugs are spreading fast and, in Delhi, are a daily reality. “No doubt about it,” says Kumar. “The resistance is already there.”


https://www.theguardian.com/society/2016/sep/21/delhi-hospitals-fighting-uphill-battle-against-drug-resistant-superbugs

Saturday, September 10, 2016

The international medical charity Medicins Sans Frontiers Crucial Verdict on the Sofosbuvir Patent Saga


In September, India will witness the first hearing in a crucial court case on the grant of a patent for the anti-hepatitis-C drug sofosbuvir – a drug whose patent was rejected and then approved by the same patent court, albeit by two different officials. A recent report of the international medical charity Medicins Sans Frontiers (MSF) cautions about the likely huge impact of the flip-flop by the Indian patent court in case the Delhi high court, where a writ has been filed against the grant of the patent, upholds the patent office’s decision.

“It is a curious case in which the same patent office first rejects and then grants a patent,” Leena Menghaney, South Asia head at MSF’s Access Campaign, told The Wire. Worldwide, an estimated 150 million people have chronic hepatitis C virus infection, and are without access to treatment and at risk of developing liver failure and liver cancer.

Hepatitis C can be cured with a few months’ treatment with a relatively new class of oral drugs called direct-acting antivirals (DAAs). As their name suggests, they attack the virus directly. One such DAA is sofosbuvir.  Until the advent of DAAs, hepatitis C infection had been difficult to treat, with low success rates, the problem of drug resistance and at risk of discontinuation due to side-effects of previously used drugs. Hence, the development of sofosbuvir was hailed as a critical breakthrough in fighting hepatitis C infections.

Although it can be mass-produced for less than $1 per pill, sofosbuvir was launched by Gilead in 2013 at $1,000 per pill in the US. According to MSF, that’s $84,000 (Rs 55.9 lakh) for a three-month treatment course.

Some countries have already protested Gilead’s patent on sofosbuvir. For example, China and Ukraine have rejected the patent on the pro-drug form of sofosbuvir. In Egypt, the primary patent application was reject even as a company named Pharco developed a generic version of sofosbuvir and applied for WHO pre-qualification for it. More patent oppositions on sofosbuvir have been filed in Argentina, Brazil, France, Russia and Thailand.

India, however, flip-flopped. In May 2016, a patent court granted a patent for sofosbuvir, reversing its prior rejection in January 2015. The timing of that rejection, ahead of US President Barrack Obama’s visit to the country, was seen as particularly awkward. Indeed, an MSF release said the rejection “was seen as vexing the US”.

Eighteen months later, the court decision was reversed and a patent was granted. A media report charged that the official who rejected the patent in 2015 “faced a backlash”. Menghaney concurred: “The US pressure seems to be working in India to the extent that India can reverse its patents decisions.”

Shamnad Basheer, former professor at the National University of Juridicial Sciences, Kolkata, commented, “Given the continuing US pressure on India to toe the patent line and rescript it in line with western industrial interests, one wonders if any pressure was brought to bear on the present Controller. Particularly so, since the patent office followed this curious practice of partitioning the various oppositions (without even permitting one opponent to sit through proceedings of the other opponent) and closed what are essentially public hearings from the eyes of the outside world.”

In a post at Spicy IP, Basheer criticised the patent’s office ruling on several grounds. These include the interpretation of section 3d in chapter II of the Indian Patents Act, which explains one of the key clauses for inventions that are not patentable. It states,

the mere discovery of a new form of a known substance which does not result in the enhancement of the known efficacy of that substance or the mere discovery of any new property or new use for a known substance or of the mere use of a known process, machine or apparatus unless such known process results in a new product or employs at least one new reactant.

Explanation.—For the purposes of this clause, salts, esters, ethers, polymorphs, metabolites, pure form, particle size, isomers, mixtures of isomers, complexes, combinations and other derivatives of known substance shall be considered to be the same substance, unless they differ significantly in properties with regard to efficacy.

He also argued that the ruling in May 2016 on the one hand said that Gilead’s compound was not a known derivative of a previously known compound, and so Section 3d was not applicable. On the other hand, the ruling went on to say that the Gilead compound had “an added layer of efficacy”. “Efficacy compared with what?,” if there is a known previous compound, asks Basheer. The ruling also placed the burden of proof of section 3d on the patent’s opponents when it should have been put on the patent claimant, he adds.

The grant of the patent is now being contested in the Delhi High Court by Intellectual Property, Initiative for Medicines and the Delhi Network of Positive People that fights for access to affordable medicines for the HIV-infected. MSF fears that, if the patent is upheld, it “will block additional competition from the Indian generics companies that do not want to sign a voluntary licence with Gilead, leaving them unable to supply sofosbuvir to millions of people in India and other middle-income countries.”

Gilead has signed licences with multiple generic manufacturers in India to produce the drug and sell it in the world’s poorest countries, but these generic companies are prohibited from selling more affordable versions of sofosbuvir to many middle-income countries, where approximately 50 million people with hepatitis C live, says MSF. “This is leaving people in these countries vulnerable to the high prices Gilead chooses to charge.”

The patent also covers the raw materials to make the drugs, or the active pharmaceutical ingredients (APIs), which means the US company can control the supply of raw materials or APIs for sofosbuvir and “would allow Gilead to disrupt or stop exports of the raw materials from India,” claims MSF. This will make it difficult for the generics companies in Egypt, Bangladesh, Pakistan and Latin America that are producing sofosbuvir without a patent in force – and without a licence agreement with Gilead – to continue production, the organisation warns.

Price and patenting criteria

Ironically, around the time India granted a patent to Gilead, a WHO-led study, published in the journal PLOS ONE in June 2016, concluded that the “current prices of these medicines are variable and unaffordable globally. These prices threaten the sustainability of health systems in many countries and prevent large-scale pro-vision of treatment. Stakeholders should implement a fairer pricing framework to deliver lower prices that take account of affordability. Without lower prices, countries are unlikely to be able to increase investment to minimise the burden of hepatitis C.”The PLOS ONE study found a significant variation in the prices of the medicines for hepatitis C across countries, particularly when adjusted for gross domestic product, and that “poorer countries may be paying higher adjusted prices than richer countries.”

“The total cost of treating all patients with hepatitis C would be equal to at least a tenth of the current annual cost for all medicines in all of the countries studied. In some countries where prices are high and the burden of disease is large, the total cost of treating all infected patients would be more than the cost of all other medicines put together,” the study said.And “if a patient had to pay for the treatment out of pocket, the total cost of a full course of sofosbuvir alone would be equivalent to one year or more of average earnings for individuals in 12 of the 30 countries analysed by the study researchers.”

The study adds to a November 2015 report in The Lancet, which looked at the availability and affordability of sofosbuvir and other anti-hepatitis-C DAAs such as daclatasvir, ledipasvir-sofosbuvir, simeprevir, ombitasvir-paritaprevir-ritonavir and dasabuvir.

It found that the price per bottle of all originator DAAs varied substantially. For sofosbuvir, it ranged from $300 (India, Pakistan) to $20,590 (Switzerland). For daclatasvir, from $175 (Egypt) to $14,899 (Germany). For simeprevir, from $241 (Egypt) to $14,865 (Australia). For ledipasvir-sofosbuvir, from $400 (Egypt and Mongolia) to $24,890 (Germany). For ombitasvir-paritaprevir-ritonavir, from $400 (Egypt) to $20,215 (Switzerland).

I-MAK’s cofounder and director Tahir Amin said, “Sofosbuvir is not deserving of a patent. It was developed using previously published techniques that have been used repeatedly in other antiviral drugs. In fact, Gilead’s unjustified patents on sofosbuvir have already been rejected by China, Ukraine and Egypt. Unfortunately, the Indian patent office’s decision is flawed, ignores the scientific facts and fails to uphold the standards of Indian patent law to ensure only new inventions are patented.”

Pharmacy of the developing world

India, widely regarded as the pharmacy of the developing world, “is under pressure to drop its public health safeguards,” warns the July 2016 MSF report. Some 76% of the antiretroviral drugs used in low- and middle-income countries come from India, as do 97% of the drugs used by MSF. The country has encouraged generic competition for decades since it did not introduce patents for pharmaceuticals until 2005 (when it had to comply with international trade rules under the WTO agreement on Trade-related Aspects of Intellectual Property Rights, TRIPS). Its national patent laws include public health safeguards such as stringent patentability criteria and the opportunity to file legal challenges to patents before and/or after they are granted (called pre-and post-grant patent oppositions).

India has fought off numerous challenges to its public health safeguards but it has been under excessive external and domestic pressure – led by the multinational pharmaceutical lobby – to change its national IP laws and policies, or sign free trade agreements that will dismantle them. Since 2013, pharmaceutical industry-led pressure from the US has been escalating. The MSF stresses that India must reject the demands to grant patents more easily, as well as fight TRIPS-plus rules that the United States is trying to force upon India’s commerce ministry.

India should also eschew trade agreements that include intellectual property provisions – so-called ‘TRIPS-plus’ provisions – that exceed countries’ obligations under the WTO trade rules, according to the MSF. These include the European Union-India free-trade agreement, the Trans-Pacific Partnership and the Regional Comprehensive Economic Partnership, all of which are currently being negotiated.


http://thewire.in/63752/patent-sofosbuvir-hepatitis-gilead/

Thursday, September 8, 2016

The Economic Times that said Zigy owned by PM Health & Life Care pharmacy Zigy scales down operations

Zigy, an online pharmacy startup founded by former Infosys director and IGATE CEO Phaneesh Murthy, is scaling back its operations due to a paucity of funds but has no plans to shut down, a top executive said.

“We are not shutting down,” Zigy CEO Hemant Bhardwaj told TechCircle. He was denying a report in The Economic Times that said Zigy, owned by PM Health & Life Care Pvt. Ltd, might halt operations within three months as it had been unable to raise funds.

Bhardwaj said the company is “strengthening” itself in Bengaluru, where it will be operational for retail customers. “For institutional customers, we are operational in all five cities (Bengaluru, Chennai, Hyderabad, Mumbai and Delhi),” he said. The company earlier catered to retail customers in all five cities.

Bhardwaj also denied that the company was looking for a merger to exit the business. “There is no merger situation at this point in time. We would like Zigy to thrive on its own. Seven to 10 months is too early to decide to merge a company. We will keep all opportunities on the table and keep exploring,” he said.

The Economic Times, which cited three people aware of the development it didn’t name, also said that regulatory restrictions had hampered the company’s growth.

Zigy.com, a marketplace that connects chemists with consumers, was launched in August 2015 by Murthy as part of a health exchange platform that also included Zigy Health Vault, a patient-controlled health record system. Murthy, who was sacked from IGATE over sexual harassment charges, was reportedly looking to raise $10-12 million for Zigy.

Online drug startups have been facing regulatory hurdles as the Drug Controller General of India has put a restriction on the sale of medicines online. However, startups in this segment claim that the regulator’s warning has not affected their business.

A number of brick-and-mortar chemists such as MedPlus and Guardian Lifecare, too, have ventured into the online segment. Bengaluru-based Practo, an appointment booking platform for patients and doctors, has also begun online delivery of medicines.


http://techcircle.vccircle.com/2016/09/07/online-pharmacy-zigy-may-shut-operations-in-three-months/

Al-Ameen College of Pharmacy plans to collaborate with both government and corporate hospitals to affordable treatment options


In a major effort to promote safe and affordable medications for patients in Karnataka, Al-Ameen College of Pharmacy plans to collaborate with both government and corporate hospitals to evaluate the different treatment options and propose the most cost-effective treatment for patients using the principles of pharmacoeconomics.

Department of Pharmacy Practice, Al-Ameen College of Pharmacy has already been engaged in similar exercises with missionary hospitals like St Martha’s and St Philomena’s in Bengaluru. The college has worked on evaluating the most cost-effective treatment for hypertension, diabetes, asthma and COPD so far.

“The protocol suggested to both St Martha's and St Philomena’s hospitals are accepted. Going forward, we are now looking forward to expand this to government and private hospitals”, said Dr Shobha Rani R. Hiremath, principal, Al-Ameen College of Pharmacy.

“Cost-effective analysis is one of the pharmacoeconomics methods to analyse which treatment option is most economical without compromising on the efficacy. Particularly in an Indian situation, cost becomes a very critical component when a patient is undergoing treatment.” she added.

“Not much research has been done in the area of pharmacoeconomics in India. In the case of Al Ameen College, we began to focus on this area after a WHO grant in 2007 to conduct a workshop on Pharmacoeconomics. We have so far conducted research projects focusing on four common medical conditions namely hypertension, diabetes, asthma and chronic obstructive pulmonary disorder (COPD). We analysed and tried to find out which was the most cost-effective treatment regime. We arrived at the best treatment which was least expensive but effective”, explained Dr. Shobha.

In India, pharmacoeconomics is nascent stage unlike in the developed world. The country is home to a large patient population representing not just the economically backward community but also the middle class who find medical expenses as a challenge to subsist, she said.

There is a serious lack of awareness of pharmacoeconomics among medical centres not just in Karnataka but also the country. While we are creating awareness in the medical fraternity through projects, the response has been positive.

Now “Pharmacoeconomics” is introduced as a subject in the 5th year Pharm D syllabus along with Pharmacoepidemiology. In order to expand the concept on a larger platform and train the students in pharmacoeconomics, the College had organised a one-day workshop on 'Comparative effectiveness research in healthcare' in association with Global Pharma Solutions to highlight the importance of pharmacoeconomics in clinical practice. Dr Rajesh Balkrishnan, resource person from the University of Virginia, US provided a peek into the application of pharmacoeconomics and promising career openings in this field.



http://www.pharmabiz.com/NewsDetails.aspx?aid=97073&sid=1

Sunday, August 28, 2016

The pharmacy three held for selling drugs illegally

Hyderabad:  A pharmacy owner, along with a sales agent and a security guard, were arrested by the South Zone Task Force police on charges of selling Fortwin injections illegally and seized 216 ampoules of Fortwin from the accused.

On Saturday, the police caught Abdul Majeed Khan alias Viqar (40), security guard from Chanchalguda, when he was selling Fortwin injection to innocent public. During questioning, he revealed that S Prakash (43), owner of Vishnu Medical Hall in Malkajgiri, and S Sailesh (34) of Sainikpuri were giving him the injections for illegal sale.

Task Force Additional DCP N Koti Reddy said during investigation, it was found that the accused Prakash who was in contact with one Surender, a pharmacy owner from Tirupati in Andhra Pradesh, was getting bulk stock of Fortwin through oral orders without any invoice for the transactions. 

Each box containing of 12 ampoules of Fortwin costs about Rs 600, but Prakash and Sailesh sold the same for Rs 1,000. Three months ago, Majeed came in contact with them and they offered him commission for selling the injections, said the police. 

The Fortwin injection is a pain killer generally used in major surgeries that too under the supervision of an anesthetist. But the accused persons misused the injections and sold them to addicted persons without any prescription or invoice for earning easy money.

The continuous usage of this drug leads to chronic problems like cardiac arrest, shortening of breath, neurological problems and sometimes endangers the life of consumer, according to the officer.  



http://www.thehansindia.com/posts/index/Crime/2016-08-28/Three-held-for-selling-drugs-illegally-/250876

Sunday, August 21, 2016

USC School of Pharmacy’s Global Health ompassion to the underserved in Romania

Carrying 850 pounds of medications and medical supplies, a team of USC PharmD students journeyed to Romania as part of the USC School of Pharmacy’s Global Health Initiative. Led by Naomi Florea, associate professor of clinical pharmacy, they collaborated with local physicians and pharmacists to deliver much-needed care over two weeks in July.

The countryside in Romania is beautiful, but life there can be harsh. Nearly half the population lives in rural areas, where unemployment is high and assets are sparse. The World Bank estimates that 70 percent of rural Romanians live below the poverty line, and the nation’s infrastructure remains ill-equipped to meet their health, educational and other needs. Still, the students were heartened by the openness, spirit and courage of the Romanians they met.

Tam Phan, a third-year pharmacy student, described one of his patients as a “warrior.” She has four children, including an infant, he said, “and her family has no access to basic resources — let alone medical care. She told me all the money her family makes goes to the children because she puts them as first priority.”

Phan added that the woman prays each day that her children will have better lives than she’s had. She welcomed the student caregivers into her home — one of a number of Romanians who did so.
Providing care and empathy

Assisted by three local physicians and Romanian medical students acting as translators, the USC team treated 600 patients with chronic diseases, including asthma, diabetes, congestive heart failure and parasitic infections common in the agricultural region.

Third-year student Jessica Chandler called it a privilege to provide care for people in an area where a trip to the doctor might cost someone their food for a week.

The team met a woman who had suffered traumatic brain injury due to severe domestic abuse, and a girl who narrowly escaped attempts at human trafficking. They saw untreated wounds and fungal infections. They saw numerous patients in hypertensive crisis, and a 6-year-old boy who had been wrongly diagnosed with schizophrenia and prescribed antipsychotic medication after suffering night terrors.“We saw a lot of people who had never seen a physician for their conditions,” Florea said.

The trip was the latest in a series of clinical outreach travels that Florea has organized to enable students to gain invaluable professional — and personal — experience by aiding the medically underserved around the world.

“There are no words for how much of an inspiration Dr. Florea is to me and our team,” Chandler said.

Florea, in turn, was moved by the kindness and the capabilities of the students, who worked long hours in hot and stressful conditions.

“They were so kind, had so much empathy, had so much compassion for these patients,” she said. “They came in students; they walked out clinicians. They undoubtedly made the Trojan Family proud.”


https://news.usc.edu/105658/usc-pharmacy-students-show-kindness-and-compassion-to-the-underserved-in-romania/

The new pharmacy graduates end the long wait of new

IT is deeply saddening that a large number of newly graduated pharmacy students in Malaysia are being forced to wait a long time for their interview with the Public Services Commission (PSC) which would decide their placement for internship.

Firstly, the Health Ministry’s stand on the dispensing separation issue, where it claims that there are not enough pharmacists to make it viable, is deplorable. Doesn’t the Health Ministry know that there are about 14,500 pharmacists in the country and about 20 pharmacy schools producing 1,200 pharmacy graduates annually?

At the moment, there is a glut of new pharmacy graduates. As parents of a pharmacy graduate, we know the actual situation. Students who graduated last year (2015) are still waiting to be called for the PSC interview and be given their internship which would enable them to work for one year to qualify as a fully registered pharmacist and obtain their annual practising certificate. Only then would they be free to work either in the private or public sector.

These newly graduated pharmacists will remain jobless if they cannot get their Provisionally Regis­tered Pharmacist (PRP) intern­ship training. Furthermore, many retail premises in the industry do not have enough facilities to cater for the large number of students seeking to do their internship. Unable to find a job related to their qualification, a lot of new pharmacy graduates are working as salespersons in mobile phone and computer outlets, supermarkets and even photography shops just to survive.

Worse still, another group of 1,200 pharmacy students will graduate this year, adding to the already large number who are in the lurch now as they can’t get their placement to do their one-year compulsory PRP training.

Why does the Health Ministry allow universities to keep on churning out pharmacy graduates when they know there are not many placements left?

Doesn’t the Health Ministry know what’s going on? If the ministry can’t handle this (if money is the issue), then it should at least offer the new graduates other alternatives, like putting them on attachment immediately with minimal pay or allowance or just shortening the internship period to six months so that they can get their practising certificate and get on with their life.

Moreover, these pharmacy graduates have already sat for and passed their compulsory pharmacy qualifying examination (Pharmacy Law), which will become invalid two years after graduating. That’s another conundrum facing them if they do not get their placement for internship as soon as possible.

Can the Health Ministry clarify its stand and provide realistic choices so that pharmacy graduates will not get a raw deal?

Apparently, medical and dental graduates are also facing the same problem of having to wait for their placement.

As such, there seems to be a rise in the number of unemployed professionals now. This is a serious matter which is also affecting the students’ morale, and there will come a time when our graduates will leave the country to seek greener pastures elsewhere (brain drain).


http://www.thestar.com.my/opinion/letters/2016/08/19/end-the-long-wait-of-new-pharmacy-graduates/

Sunday, August 14, 2016

Phaneesh Murthy-backed online pharmacy Zigy has shut operations in four out of the five cities


 Phaneesh Murthy-backed online pharmacy Zigy has shut operations in four out of the five cities it operates in, citing inability to raise funds due to lack of clarity on regulations surrounding the online pharma sector in India.

Zigy has shut its operations in Mumbai, Delhi, Hyderabad and Chennai, choosing to operate only in Bengaluru where it had won favour from the court. The company says it is trying to conserve cash in the hope that it can survive until it finds an investor.

“It will be a smaller team focusing on only some cities so that we can conserve the case to stretch till the next round of funds come. We are still expecting to get into some serious discussions with investors, and hopeful if the funds come in we’ll be able to retain some of our employees,” said Hemant Bhardwaj, MD and CEO of PM Health and Life Care which owns Zigy.

Sales of prescription drugs online has kicked off a huge debate in the government, which set up a special panel last July to build a framework to regulate such players. While the framework is delayed, several state governments have given into pressure from offline pharmacies to even ban such players.

Several state governments are deeming online pharmacies illegal and forcing them to shut down by taking back licenses. They are doing this on the grounds that online pharmacies were selling people drugs without prescriptions, while Zigy argues that it ensure users upload a scanned copy of a prescription.

“My only issue is that regulators should judge players on their merits and taking action that paint all the players with the same brush is hurting the industry. The online industry can bring a lot of good things, so why are the regulators taking so much time to come up with a framework?” added Bhardwaj.

Last year, nearly 850,000 small chemist stores in India were shut for a single day as a sign of protest against online players such as Zigy and 1mg stealing their business. These offline players accused e-pharmacies of selling drugs without prescriptions and made it easier for children and abusers to get their hands on certain drugs.

Moreover, disallowing services such as Zigy from advertising itself to customers until the framework was ready, the government cut off a massive chunk of Ziggy’s business. Given the state of the online commerce industry, Zigy burnt through the $5 million it had raised from friends and families of the founders.

“We invested a certain amount and can spend only that much. Someday it will vanish, because nobody is coming in front to put in money. See, the ecommerce game, especially in the initial stages is a cash burn game,” said Bhardwaj


http://www.business-standard.com/article/companies/zigy-scales-back-ops-in-4-cities-out-of-5-116081300795_1.html

The government sale of generic drugs including concessional OTC drugs in assam soon


GUWAHATI: Assam health minister Himanta Biswa Sarma said on Thursday that the state government will begin the sale of generic drugs including cancer drugs at concessional rates over the counter at six of the state's medical colleges and hospitals very soon. Sarma said the generic drugs will be made available at Affordable Medicines and Reliable Implants for Treatment (AMRIT) pharmacies that will be run by the HLL Lifecare Limited, a public sector company under the health ministry, at prices 30-60% lower than market prices.

Sarma said an MoU was signed between the state government and the chairman of HLL Lifecare Limited on Thursday.

He also said the first AMRIT pharmacy will be opened at GMCH within 30 days. Subsequently, AMRIT pharmacies will be opened at six medical colleges and hospitals in the state in phases.

"These will be 24-hour pharmacies that will be backed by the state government. If the experiment is a success, all district hospitals in the 27 districts will have a AMRIT pharmacy within six months," said Sarma.


http://timesofindia.indiatimes.com/city/guwahati/Concessional-OTC-drugs-in-Assam-soon/articleshow/53662674.cms

Friday, August 12, 2016

The prescription for success in a saturated market in community pharmacy


THE battle for market domination between pharmacy brands is intensifying as businesses adapt their models to meet new challenges which threaten to rock the sector.

Traditional independent community pharmacies are a dying breed, being replaced by big box discount chains, with franchise models becoming increasingly commonplace. Of the 4041 pharmacy businesses in Australia, IBISWorld estimates only 12 per cent are entirely independent.

Queensland is home to the headquarters of several industry juggernauts including Terry White Chemists, Good Price Pharmacy, Discount Drug Stores and Malouf Pharmacies and is also a key battleground in the fight for market share.

With so much competition between pharmacy chains the pressure to cut prices to compete with big box models and aggressive marketing campaigns have forced many businesses to consider diversifying their offering in an effort to carve out a niche.

IBISWorld researcher Anna Richardson said these factors, coupled with proposed changes to the Pharmacuetical Benefits Scheme (PBS) by the Federal Government, could impact on the industry’s future revenue stream and force pharmacies to adapt their business models to survive.

“The PBS is a government scheme that subsidises the cost of pharmaceuticals ... remuneration received by pharmacists for dispensing PBS pharmaceuticals is set via five-year agreements between the Pharmacy Guild of Australia and the Government,” Ms Richardson said.

“Any changes to the terms of agreement regarding remuneration rates or volumes dispensed under the PBS can affect industry revenue.

“Changes can also have bottom-line implications for pharmacies.”

Regulatory changes due to come into effect on October 1 under a new price disclosure arrangement are expected to cause the price of generic drugs to fall, dragging the industry’s revenue growth down to 0.7 per cent in 2016-2017. That would value the industry at $15.8 billion, only marginally higher than 2011-2012, according to IBISWorld.

Good Price Pharmacy chief executive Anthony Yap said with PBS revenue expected to stall, retail will become an even more crucial battle ground.

“The market has changed more in the past five years than it has in a long time,’ Mr Yap said. “Competition is intense, pharmacies are evolving their model to become more of a healthcare destination and must evolve to have less dependence on prescription medicine.”


http://www.couriermail.com.au/business/pharmacy-wars-the-prescription-for-success-in-a-saturated-market/news-story/dbd0c5b1bdf7513ebbb088ba72c12a2e