PHARMACY Prescription for a Rewarding Career Presentation Objective To share a broad idea about current opportunities and emerging areas for PHARMA PROFESSIONALS in India.
<ul><li>The desire to take medicine is perhaps the greatest feature which distinguishes man from animals. </li></ul><ul><ul><li>Sir William Osler </li></ul></ul><ul><ul><li>British (Canadian-born) physician </li></ul></ul><ul><ul><li>(1849 – 1919) </li></ul></ul>Underlying Thought…
<ul><li>So, welcome to the profession which is there to stay until there are humans walking on the earth…. </li></ul>The Outcome…
Career Path for Technical Professionals in Pharma Industry Career Path in Research & Development Career Path in Clinical Research Research Associate (0-4 years) Graduate/PG in Pharmacy/Life Science Research Scientist (4-7 years) Graduate/PG in Pharmacy/Life Science Research Head (8+ years) MS/PhD Formulation Development Scientist (5-8 years) Graduate/PG in Pharmacy/Life Science Clinical Research Associate (0-4 years) Graduate/PG in Pharmacy/Life Science Senior Clinical Research Associate (2-4 years) Graduate/PG in Pharmacy/Life Science Deputy Manager (3+ years) MD in Pharmacology/ Medicine Project Manager (2-5 years) PG/PhD in Pharmacy/Life Science Associate Scientific Manager (0-5 years) PG/PhD in Pharmacy Regulatory Manager (8-10 years) PG/PhD in Pharmacy
Career Path in Marketing Career Path in Business in Pharma Industry Business Development Executive PG in Life Science/Pharmacy or MBA Manager-Business Development (7-10 years) PG/PhD in Pharmacy/ MBA Head Medico- Marketing (3-5 years) MBBS/PhD in Life Science Product Manager (3-4 years) PG in Pharmacy/MBA
Contract Research and Manufacturing Services (CRAMS) In 2005, contract research in India was valued at US$ 100-120 million and growing at a rate of 20-25 per cent each year, according to a report by the Chemical Pharmaceutical Generic Association. Over 15 prominent contract research organisations (CROs) are now operating in the country attracted by India's ability to offer efficient R&D on a low-cost basis. Not only clinical trials, but Basic Chemical Synthesis, API cost effective process development, FnD and next in thing is GLP compliant pre-clinical studies are on the list of off shoring by MNCs Low production cost and widely available knowledge pool are the positive factors which would boost CRAMs activities in India, while regulatory compliance is the crucial area to focus the sustainability of the projects which comes to us.
Diagnostics and Medical Devices The medical device manufacturing marketplace is a rapidly changing environment that demands adaptability from not only device makers but also its suppliers and contract manufacturers. New technologies and processes continue to emerge that change the face of the industry. Biotech “ The Global Biotechnology Report 2006” brought out by Ernst and Young attests global interest in India by giving evidence of domestic and international companies, which have set up their base in India and are conducting R&D activities in the country in full gear. The downpour of global investments, the evolution of outsourced partnerships into equity investments, the expansion of Indian companies on the global platform, the sourcing of funds from the World Bank-all these more than testify the increasing confidence of investors in this sector.
Legal and IPR With growing awareness Intellectual Property Rights, more and more MNC projects falling in the kitty of Indian Companies. IP protection is becoming the basic rule of the game. There is a great scarcity of quality Patent Attorneys and IP professional in India currently, this opens vast opportunities for graduating pharmacists to plan a career in IPR. Patent Attorney Patent Agent Legal Assistant / Paralegal / Patent Specialist Law Librarian Patent Examiner at Patent Office Patent Searcher / Technical Consultant Intellectual Property Manager/Coordinator
ITES Indian IT industry has created history on world software markets, BPO&KPO are the current front runners in the ITES. IT based activities of pharma organization like Pharmacovigilance, Data Management, Perception Monitoring etc getting outsourced. There are plenty of prospects for pharma graduates with penchant in IT to work as a DOMAIN EXPERT in a software development company. It’s indeed an interesting profession to look forward to, especially for those who really wish to do something different.
NDDS <ul><li>AREAS </li></ul><ul><li>Molecular Biology </li></ul><ul><li>Peptide based NDDS </li></ul><ul><li>Nanotechnology </li></ul><ul><li>MODES </li></ul><ul><li>Tran dermal </li></ul><ul><li>Oral Cavity- Inhaler </li></ul><ul><li>Targeted Drug Delivery – Anti Cancer </li></ul>
Average Salaries in Pharmacy Salary trends in Pharma Industry - India Source: BW Gallup salary survey Actual average monthly earnings
Clinical Trials Industry - A Case Study A number of the world's top Pharma MNCs have already kick-started simultaneous and stand-alone clinical trials on various therapeutic segments in India. The reason is the Union Government's recent move to allow MNCs to conduct simultaneous clinical trials, both overseas and in India. According to industry sources, Pfizer's cumulative investment on clinical research in India is believed to be $13 million. Clinical Research Outsourcing (CRO) is a young industry worth about US$ 118 million a year in India. It is estimated to be worth US$ 380 million by 2010 as foreign players join the market .
Bottlenecks are rapidly emerging, a significant component of which are talent related Source: Analysis of internal data and projected trends Talent related bottlenecks comprise 65% Clinical Trials Industry - A Case Study
Salary growth for key positions – Note the sharp increase for experienced positions CTC INR lakhs Market data across various organizations – Data on File Clinical Trials Industry - A Case Study
Workforce addition remains the highest in the world but the number with the ‘right’ skills is limited Number of healthcare professionals passing out from accredited colleges per year versus readily employable Source: Adapted from McKinsey Global Institute and Peterson Institute Clinical Trials Industry - A Case Study
<ul><li>What makes a successful professional? </li></ul>THE BOTTOM LINE………… Education Background Acquired Skills Attitude & Approach Propensity to take Risk
<ul><li>Right cadidates with Right Skill Set and Attitude are in great demand. </li></ul><ul><li>The most important task lies with </li></ul><ul><li>“ YOU”, </li></ul><ul><li>To define your interest areas and start concentrating on it right from </li></ul><ul><li>Under Graduate Level. </li></ul>Let’s start it from TODAY !!