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Just Other Articles - Is Corruption Fuelling Inflation In A Big Way
New Delhi, 16th March, 2007: It is a volatile time in India. Long before the Ides of March, the weather has been playing a lot of games: it was quiet in parts of January and even early February, then came welcome, unexpected rains and hills had snow as had much of the west. Then the Indian stock markets
According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product
had a bloodbath. It was down 900 points, the Sensex, in four days flat; it was 1,000 points down in December last year. Both times, bulls came aggressively back and have started recovering ground yet once more.
Then the devilish inflation came like a rocket and the rulers are in panic, the inflation r
Then the devilish inflation came like a rocket and the rulers are in panic, the inflation r
; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.
Examples of combination products may in
Examples of combination products may in
fuses to stop even though the financial wizards of the government and the Reserve Bank have taken a good number of steps. Money has been reduced in the hands of the banks, interest rates have been raised, traders in food will be denied bank loans to curb hoarding, but will they bother? They have their m
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
oney to stock up. Two rupees have cut even petrol and diesel prices and one rupee respectively, import duties have been cut and will be cut further in the Budget, and excise duties will be reduced. Wheat exports have been banned.
But the grocer and the green grocer is making hay as the sun shines again
But the grocer and the green grocer is making hay as the sun shines again
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
not metaphorically, but literally. Food processors are engaged in gimmicks, new packaging of cookies, reduced supplies and higher prices, loaves of bread are dearer any way, eggs are costlier, Rs.24 a dozen at the last count. Cakes and ale like the Marie Antoinette stuff: can't get bread, eat cake with
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
a dash of French wine or any wine. The wholesale and retail prices of veggies are reminders of doom: 100 per cent between the two. But inflation measurements are only wholesale; retail prices can peak to the sky, the rulers count what their statistic jugglers tell them. They want their figures right. It
ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc
is not only Budget time; it is also election time in four States. The fate of rulers in Punjab, Uttarakhand, and Manipur had been decided and Delhi should be decided around February 2008.
U.P. has some time to decide. A new legislature should be in place sometime in May. So elections could be held eve
U.P. has some time to decide. A new legislature should be in place sometime in May. So elections could be held eve
easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi
in April, if not at the end of March. Gujarat will go to the polls at the end of the year; another highly volatile State where the saffron bunch has to count its chickens before they are hatched. Will the radicals or the hardcore guy make it? Time will tell. But money is the name of the game, whether y
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
u will make it with the voter or not, whether you will win or lose. As long as you succeed in the money game, sitting in the Opposition can be quite fun, as the BJP is now thinking with hyper inflation giving sleepless nights to the rulers and they are hoping to cash in on it, cash in on what is called
and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ
the incumbency factor.
So what is the cause of inflation? Is it worldwide factors? Is it dearer energy, costlier because of the suddenness of the freezing weather? Is it India's globalization and a lot of liberalization moves, going ahead with very few breakers? Are there any other reasons? Is it corru
So what is the cause of inflation? Is it worldwide factors? Is it dearer energy, costlier because of the suddenness of the freezing weather? Is it India's globalization and a lot of liberalization moves, going ahead with very few breakers? Are there any other reasons? Is it corru
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
tion everywhere? Are the satraps in the States sapping the State and lynching the people and lining their pockets in the name of democracy? Are they giving the freedoms guaranteed in the Constitution a bad name?
Chief Ministers or former Chief Ministers, some of many of them are in the dock, sometimes
Chief Ministers or former Chief Ministers, some of many of them are in the dock, sometimes
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.
Following aspects would a
Following aspects would a
n the law courts and often in the public perception. Some have been convicted, some are awaiting their doom and many are hoping to escape the noose. They are quite used to attending courts, even being questioned by the police, being put behind bars and their crafty lawyers getting them out on bail. They
dd to the challenges in developing combination products:
Which markets to tap where the combination products can do fairly well?
Which combination prod
Which markets to tap where the combination products can do fairly well?
Which combination prod
are quite used to criticism on the public platform, in news channels or in the print media. It is part of the game. Press innuendoes have to be taken in the stride.
Veerappa Moily of the recent reservation fame, and with his earlier wishes several of the governments are complying by making reservation
Veerappa Moily of the recent reservation fame, and with his earlier wishes several of the governments are complying by making reservation
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
in educational institutions of higher learning to ensure their job prospects in competition, has now come up with a whole new lot of ideas on how to curb corruption to clean the political and social system? He wants the Prime Minister's office out of the purview as he thinks that the governments of the
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
day should not be destabilized even though the present Prime Minister is ready to face the Lokayukta or the Ombudsman; he fears not the fetters of inquiry or inquisition.
But Mr. Moily would not like to spare even the judges. He would not like the judges only sitting in judgment over their wrongdoing o
But Mr. Moily would not like to spare even the judges. He would not like the judges only sitting in judgment over their wrongdoing o
t?
As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel
As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel
r even their appointments. He would like the Speaker of the Lok Sabha, Prime Minister and the leader of Opposition to do the job, even for the appointment of election commissioner and in the States the similar levels to do the job. He has also suggested that high risk jobs should not be for the corrupt.
ping new procedures for reviewing their safety, efficacy and quality.
Professional from academic institutions, pharmaceutical industries, health care indust
Professional from academic institutions, pharmaceutical industries, health care indust
But who is to decide whether certain people are corrupt and some sensitive jobs may not be perceived as corrupt.
He has also made recommendations on tightening up the laws and rules on defections in legislatures and Parliament, especially midstream defections once a legislature or Parliament has been c
He has also made recommendations on tightening up the laws and rules on defections in legislatures and Parliament, especially midstream defections once a legislature or Parliament has been c
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
osen. All these appear to be excellent ideas, but will be accepted, and if accepted partially, will they be forcefully implemented? Even if enforced, will they deter the corrupt or defectors, who are at times ready to lose their place in the elected forum because the rewards of defection, are too good t
.
As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de
As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de
o be missed. They could always try and get elected next time round.
Corruption is a worldwide phenomenon, but perhaps it is too visible in India, perhaps at too many levels. There is no level of deterrence. Convictions and dismissals are rare, perhaps even suspensions from the workplace.
The Right to
Corruption is a worldwide phenomenon, but perhaps it is too visible in India, perhaps at too many levels. There is no level of deterrence. Convictions and dismissals are rare, perhaps even suspensions from the workplace.
The Right to
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.
Companies that provide selfless information through particip
Companies that provide selfless information through particip
nformation is expected to usher in an era of openness in governments and save people from corruption, but how many of the one billion know about it, have the ability or inclination to use? How many millions upon millions are not resigned to living with the system because without it, there is no survival
tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products
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