MNC Pharma tries to capture the $1.9 billion Indian OTC market by selling Drugs through India’s 170000 post offices
Posted Nov 23 2010 11:33pm
The multinational pharma companies are planning to approach the health ministry with a proposal calling for the utilisation of the 1.7 lakh post offices across the country to distribute over the counter drugs.
The move if implemented would increase the reach of OTC drugs by 20%.
The plan initially submiited 2 years ago requires the approval of and coordination between department of pharma under the ministry of chemicals and fertiliser, department of post under ministry of communications and the health ministry.
The Indian over-the-counter (OTC) medicines market, the 11th largest globally, is pegged at $1.9 billion. It is the second fastest growing market globally with a growth rate of around 9% per annum.
Ranjit Shahani, country president, Novartis gives the analogy of the how petrol pumps have metamorphosed into multi-utility centres in last two decades. “One simple legislation can change that for over the counter medicines,”
Would you support this, even in US where people are more educated and FD keeps a watch on drug advertisement , people are often misguided.
India is yet to come up with a strong and comprehensive adverse drug event reporting infrastructre.