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The strategy of cooperation and competition based of comparative analyses of pharmaceutical industries of Korea and India

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Frame of Image rnment's continued policy to lower drug prices. In addition, the adoption of the drug approval-patent linkage system, 1 following the implementation of the Korea-US and Korea-EU FTAs, could lead to
the deterioration of the profitability in Korean pharmaceutical companies. that Korea’s pharmaceutical industry is facing, this study began out of the concerns over the possibility of the entrance into the Korean market by the Indian pharmaceutical firms. With the Korea-India CEPA, which became effective as of 2010, the possibility of the influx of cheap Indian pharmaceutical products into Korea is a potential risk factor to Korea’s pharmaceutical industry with a high level of dependence on the domestic market and generic drugs.
Of the many risks
1
Drug approval-patent linkage system is a system that the approval procedure for generic drugs is automatically stopped if a patent infringement lawsuit occurs when an application for a sale permit for a generic drug is provided to the patent holder.
The Strategy of Cooperation and Competition Based on Comparative Analyses of Pharmaceutical Industries of Korea and India
2
2. Indian Pharmaceutical Industry
pharmaceutical industry is a 16 billion-dollar industry (with 1.5% of the world's market share) and as of 2011, it is the world's 12th largest in terms of sales. In particular, it has been showing a remarkable double-digit growth rate since the start of the new millennium. Such growth rate far surpasses India’s overall economic growth ra


Full Text
Title The strategy of cooperation and competition based of comparative analyses of pharmaceutical industries of Korea and India
Similar Titles
Material Type Articles
Author(English)

Lee, Woong; Song, Young Chul

Publisher

Korea Institute for International Economic Policy

Date 2013-10
Series Title; No World Economy Update / 3-47
Pages 6
Subject Country India(Asia and Pacific)
South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Industry and Technology < Manufacturing
Government and Law < International Politics