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Broad opportunities for pharmacists

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  • 1. Broad Opportunities in Pharmacy Career Dr. Bhaswat S. Chakraborty Sr. VP & Chair, Science Core Committee, R&D Cadila Pharmaceuticals Ltd. Presented at Nirma University on May 24, 2014
  • 2. MARKET
  • 3. Global Pharmaceutical Market • The global pharmaceutical market research has been done by many companies – All indicate a significant growth of pharma market in 2014-2020. – The forecasting indicates pharmaceutical market growth of about ~6% in 2014-2018. – >$1.4 Trillions USD – Expected to grow at a 4 - 7% compound annual growth rate (CAGR) through 2018.
  • 4. Global Top 20 Pharmaceutical Companies Rank Company Revenue in $ Million(2010) 01 Johnson & Johnson 61,897 02 Pfizer 50,009 03 Abbott 30,764 04 Merck & Co. 27,428 05 Eli Lilly & Co. 21,836 06 Bristol-Myers Squibb 21,634 07 Amgen 14,642 08 Gilead Sciences 7,011 09 Mylan 5,093 10 Genzyme 4,516
  • 5. Indian Pharmaceutical Market • 3rd largest (after US and European) generic market in volume, 14th in value – India currently holds only ~2% share, but it has been growing at approximately 10% per year – India is a leader in generic drugs and active pharmaceutical ingredients (API) – Now seeking to become a major player in outsourced clinical research as well as contract manufacturing and research – There are ~100 U.S. FDA-approved manufacturing facilities in India, more than in any other country outside the U.S – In 2010, almost 30% of all Abbreviated New Drug Applications (ANDA) to the FDA have been filed by Indian companies – India’s share of the global generics market is ~33% now
  • 6. Top 10 Pharmaceuticals in India, as of 2010 Rank Company Revenue 2010 (Rs crore) Revenue 2010 (Rs billion) 1 Cipla 4,198.96 41.989 2 Ranbaxy (Taken over by Daiichi Sankyo in 2008) 4,162.25 41.622 3 Dr. Reddy's Laboratories 3,763.72 37.637 4 Sun Pharmaceutical 2,463.59 24.635 5 Lupin Ltd 2,215.52 22.15 6 Aurobindo Pharma 2,081.19 20.801 7 GlaxoSmithKline Pharmaceuticals Ltd 1,773.41 17.734 8 Cadila Healthcare 1,613 16.13 9 Aventis Pharma Limited 983.80 9.838 10 Ipca Laboratories 980.44 9.8044
  • 7. Growth in Indian Domestic MarketRevenueinUS$Billion
  • 8. R&D
  • 9. Dynamic Continuum of Drug Discovery
  • 10. Distribution of Jobs in Pharma R&D In addition, there are almost equal number of jobs in production, marketing & sales, supply chain, field….
  • 11. Where would Pharmacists fit in Industry? • Almost anywhere in Pharmaceutical Industry – Discovery – R&D – Production – Marketing and sales – Administration – Consultancy – Regulation & policy making – Pharmacy outlets – entrepreneurs – …… • In Academia, Government, Banking, Finance, IT, HR, Community wholesales, as consultants or principal participants
  • 12. In the Eyes of Int’l Customers
  • 13. Professional Roles: Example Clinical Trials • Principal & co-investigators • Clinical (medical ) investigators • Regulatory and Ethics Submissions / Feasibility Specialists • Clinical Trial Assistant (CTA) / Clinical Trial Coordinator (CTC) • Clinical Research Associates (CRA) – from entry level trainee to senior level jobs • Clinical Project Manager (CPM), Clinical Study Managers, Clinical Trial Managers (CTM) • Clinical Contract Associate / Manager • Clinical Operations Managers • Clinical Research Scientist, Clinical Research Manager • Clinical Program Managers • Clinical Associate Director, Clinical Directors • Bioanalysts • Biostatisticians • Trial Managers • Top management • ……..
  • 14. So.. • There are jobs and plenty of them (about 12-20,000 new jobs per year) • In all disciplines within Pharmacy and allied professions • In all roles • Some years, there may be more demand of fresh graduates than others • Some years, the average benefits offered by employers may be more attractive • On an average there is always a continuity of opportunities • Remember, without you pharma industry cannot be run!! !!
  • 15. In Addition to Good Marks • You need – Ability to apply the knowledge that you have or acquire on the spot – Skills • Team playing (most important) • Communication • Leadership • Relational • Stress management • …..
  • 16. You also need • A good mentor • Good friends and colleagues • Good sense of humour (all science graduates need that) • Good spouse • Good luck!!
  • 17. Thank You Very Much

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