
Centre rushes to defend Indian pharma firms
The HinduThe government, on Monday, said the quality of drugs produced by the pharma industry was of proven global standards and the sector was a highly regulated one. “The pharmaceutical sector is a highly regulated one, and the exports are heavily guided by various regulatory regimes of the importing countries.,” the Commerce and Industry Ministry said in a statement. The government’s reaction came as there were reports about an India-based pharma firm pleading guilty to felony charges relating to manufacture and distribution of certain adulterated drugs made at two India units, and the company agreed to pay $500 million — the largest settlement with a generic medicine maker till date. The government also believes that some of the spurious drugs detected in the international markets, allegedly exported from India, are desperate attempts by other countries getting affected by the strength of the Indian pharma industry, the statement said.
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