Good Morning Ishan

Thursday, April 21, 2011

We are dominating the generics industry

Dr Reddy's Laboratories Ltd founder-chairman Kallam Anji Reddy spoke in an interview about the evolution of the pharmaceutical industry and emerging trends as well drug discovery research and generic medicine. Edited excerpts: On evolution of the Indian pharma industry To start with, pharma was an industry based on innovation, drug discovery. When Big Pharma discovered drugs way back--I am talking about 25 years back--when someone started to make generics, they first said how you can equate a copycat to us, even though the patent has expired. When the government insisted that you have to have a criterion by which you can call it equal, then Big Pharma itself said there is what is called bio- equivalence.

If you establish the bio- equivalence of a generic drug, then you can allow them. One company, for example, several years ago made a bioequivalent version of a Pfizer drug, and then when the bio-equivalence was as good as or even better than Pfizer's, then they said it's not bio-equivalence alone.

Those were the days when I was actually doing my PhD in NCL (National Chemical Laboratory, Pune)--I am talking about 1965-66--so 35 years ago. There was a stinging editorial in an American pharmaceutical journal--what do you mean by not bio-equivalence alone; is it something special or is it something which cannot be scientifically proved? So they (Big Pharma) had no arguments.

Thought of the day

“The problem of power is how to achieve its responsible use rather than its irresponsible and indulgent use of how to get men of power to live for the public
rather than off the public.”

~ Robert F. Kennedy

Business News

o Wal-Mart to acquire social media site

o Fortis board nod for Super Religare buy

o L&T seeks nod for demerger

Economics Glossary:-

Risk: The possibility of gain or loss. Risk the calculated probability of different events happening, is usually contrasted with uncertainty the possibility that any number of things could happen. For example, uncertainty is the possibility that you could win or lose $100 on the flip of a coin. You don't know which will happen, it could go either way. Risk, in contrast, is the 50 percent chance of winning $100 and the 50 percent chance of losing $100 on the flip of the coin. You know (or think you know) that your probability of winning or losing is 50 percent because the coin has a 50 percent chance of coming up either heads or tails.

Recession: The common term used for the contraction phase of the business cycle. A general period of declining economic activity. During a recession, real gross domestic product declines by 10 percent or so and the unemployment rate rises from it's full employment 5 percent level up to the 6 to 10 percent range. Inflation tends to be low or non-existent during a recession.

Questions of Reasoning

Study the following information carefully and answer the questions given below:

Symbols are to be coded as follows

Symbols : @ $ # H % * + X = ?

Code F R H S E A D N O K

Following conditions are to be observed

If middle symbol is * it is to be coded as L.
If first symbol is + and the last symbol is # both are to be coded as 6.
If first symbol is % and last symbol is $ both are to be coded as 4.
If first and last symbol are @ both are to be coded as 2.

Applying these conditions, You have to find out the correct code for the symbol in each question given below, If none of code is correct, (E) i.e none of these is your answer.

Q.1 % @ = * + > $

( A ) 4 FOLDS4

( B ) EFOLDSR

( C ) 4FOADS4

( D ) EFOLDS6

( E ) None of these

Q.2 + % X * X $ #

(A) 6ENANR6

(B) 64NAN46

(D) 6ENLNR6

(E) None of these

Q.3 # > = ? @ X *

(A) HSOKFNA

(B) HSOFKNA

(D) RSOFKNA

(E) None of these

Philips CEO turns off TV in search of profit

Plhilips is hiving off its once leading television business, the first step by new chief executive Fransvan Houten to boost flagging profit at Europe's biggest consumer electronics maker.

Philips is moving its loss-making TV business to a 30:70 joint venture with Hong-Kong based monitor maker TPV and has the option to sell out.

Van Houten, a restructuring ex- pert who took over as CEO this month, said he was assessing the profitability of Philips' 400 or so business areas and “taking the blanket off“ its laggards, a hint that further sales could be on the cards.

“We are not yet firing on all cylinders... There's much unlocked potential in Philips”, Van Houten told Reuters Insider. Van Houten said he would present a new strategic plan in the second half of the year.

1Corporate Personality Raunaq Singh

Founder of Raunaq Group; Elected as a member of the Executive Board of the International Chamber of Commerce, Paris

Raunaq Singh was one of the earliest entrepreneurs of independent

India

who made it big. He was the founder of Raunaq group. The Raunaq Group's major companies include Apollo Tyres Ltd, Bharat Gears Ltd, Bharat Steel Tubes Ltd, Raunaq International Ltd, Menarini Raunaq Pharma Ltd, and Raunaq Automotive Components Ltd.

Raunaq Singh was born in 1922. After initial struggle he went on to become a powerful figure in corporate

India

. At one point of time in his life he could afford only one paisa a day for meals and when he retired his group was employing 9000 people on his payroll.

Case Study on Barbie: Less Attractive to Kids?

Mattel, the largest toy company based on revenues, was the manufacturer of Barbie, Hot Wheels, Matchbox cars and board games. Barbie dolls were introduced in 1959. With these dolls attracting kids, different varieties of Barbie dolls were released into the toy market. Mattel dominated the toy market till the late 1990s. But in 2001, when Bratz dolls were introduced, the realistic look of these dolls attracted kids and they started abandoning Barbie dolls. Between 2001 and 2004, Barbie sales fell by 27.5% due to stiff competition from Bratz.