IHS Chemical Week

Markets :: Fine Chemicals/Biotech :: Pharmaceutical ingredients

A Pharmaceutical Challenge for Technocrats

5:06 AM MDT | August 21, 2009 | Girish Malhotra

Pharmaceuticals have their own unique technology and pricing positions compared with the other chemical products. Can we introduce innovative development and manufacturing technologies for the pharmaceuticals sector? The answer in unequivocal ‘yes!’ We just need to understand the roadblocks and overcome them.   Since we want to live forever, we are willing to pay the demanded price for a drug. Our willingness to pay for long life along with the monopoly during the life of the patent has been the primary driver for setting drug pricing. Drug...

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