OPPORTUNITY FOR PHARMA SECTOR AMONG COVID CHAOS

Article contributed by Dr. Garima Garg, Principal, Faculty of Pharmacy and Sciences

Bill Gates had correctly predicted in 2015, the greatest threat to humanity was not nuclear missiles, but microbes.

At the time of global health challenge, the role of pharmaceutical industry is of major importance.

India is supplying over 50% of global demand for various vaccines, 40% of generic demand in the United States, 25% of all medicine in United Kingdom and extremely low-cost medicine to African nations. Second, local players have enjoyed a dominant position driven by formulation development capabilities and early investments. Third, price levels are low, driven by intense competition. While India ranks tenth globally in terms of value, it is ranked third in volumes.  

According to the Department of Pharmaceuticals (DoP), India is the source of 60,000 generic brands and home to 3,000 pharma companies with a strong network of over 10,500 manufacturing facilities.

 COVID-19 pandemic has changed the variables of equations of Indian pharma industry which is emerging as safer bets for investors in the ongoing market turmoil. But the pandemic has raised various new issues for the pharma sector. Among them major  challenge is

India’s significant dependence on Chinese Active Pharmaceutical Ingredients(API): According to Bloomberg, 70% of India’s imports of APIs come from China, totaling $2.4 billion of India’s $3.56 billion in import spending for those products each year

Made-in-India drugs supplied to developed economies are known for their safety and quality. In recent years, India has seen increasing competition from China, which it has been able to leverage due to its inherent cost advantage, manufacturing intermediates and APIs at a cost much lower than those in India.

Prime Minister Narendra Modi in  his address to public  emphasized the need to strengthen ‘Make in India’ movement and urged “Indians should become vocal for local products”. Fortunately, in response to the COVID-19 crisis, India’s Union Cabinet has approved an investment package worth $1.3 billion to boost the country’s pharma and API production and cut dependence on China. This is a major step in the creation of a self-sufficient healthcare ecosystem in the country. 

While this is an obvious opportunity for pharmaceutical companies to backward integrate and start producing APIs and intermediates, it also provides companies in other sectors such as specialty chemicals to enter this sector. For these players to enter, it would be necessary to know the numerous manufacturing steps that convert a naturally-found product into a tablet.

Many companies in the specialty chemicals sector and other chemicals sectors already have the experience in synthesizing large amounts of organic compounds. With a little expansion of their knowledge bank, they can enter this exciting space with assured customers in the form of drug manufacturers. This will not only help pharmaceutical production in India be protected from factors happening in other countries, but also provide many manufacturing jobs to Indian people and bring prosperity to the country.

As country look to give its economy a much-needed stimulus in the aftermath of the COVID-19 outbreak, there is a huge opportunity for the Indian pharmaceutical industry to further stimulate its economic potential. 

Blockchain

Article contributed by Dr. Nitin Pandey, Assistant Professor, Faculty of Technology and Computer Applications

Block-chain is a technology that keeps the records of transaction in distributed database or in ledger to provide some services of digital events such as bit-coin from one individual to another individual. For example if a person in China sends money to a person in India then the services of trusted third party such as Western union / Bank / PayPal are required however by using Block-chain money can be transferred from an individual in one continent or country to another individual in same or different continent or country without third party.

Block-chain is a public ledger where all the users of network are aware of all the transactions of all users within a network and every user of network can decide whether transactions are valid or not, that’s why there is no chance of unethical transaction.

If any transaction takes place in block-chain, it is recorded in distributed database in all the systems of network, so the hacking in block-chain is not an easy task because for hacking hacker needs to hack all the systems at the same time that is almost impossible that is why it’s considered a secure technology.

Block-chain was first used for bit coin. Bit coin is a decentralized crypto currency that does not under any authority such as bank / country. use of block-chain began for crypto currency but now it is under research for the betterment of government work or public work.      

Block-chain is a fault tolerance technology because data can not be lost. For example a failure of RAM, hard disk or cpu can crash the system causes data lost but in block-chain if failure occurs in some systems(nodes) then it can be tolerated because all the transactions are stored in all the systems. Block-chain is a distributed database that does not belong to one to two systems however it is distributed into thousands or millions of computers.

Now days block-chain is used in crypto currency but during the next couple of years we will surly see it in banking sector, public sector or private sector. Gradually every department will be adopting it due to safety, security and fault tolerance. Either it will be a matter of university degree or passport once it is recorded in block chain it can not be hacked or lost. Under government scheme in natural calamity, disaster, scholarship, compensation can be transferred directly to the beneficiary without intervention of third party causes reduction in corruption.    

Block-chain may also be applied in government or legal documents such as legal document of any property that is recorded in public register which is really a proof of the owner of a property. So there is a possibility that in future the work of public register shall be done by block-chain because validity of recorded transaction in block chain must be same as the validity of transaction in public register with more security and robustness.

EFFECTIVE TIPS ON MANAGING YOUR EMOTIONAL WELLBEING

Article Contributed by Ms. Chhavi Bhutiyani, Assistant Professor, Faculty of Commerce and Business Administration.

If you learn to create the right kind of climate in your body, mind and emotion, your health, wellbeing and joy- everything will be taken care of.” – Sadhguru

 1 SAVORING:

Savouring is the act of stepping outside of an experience to review and appreciate it. Savouring intensifies and lengthens the positive emotions that come with doing something you love. Practice the art of savoring by picking one experience to truly savour each day. It could be a delicious meal, a great walk outside, or any experience that you really enjoy. These techniques include: sharing the experience with another person, thinking about how lucky you are to enjoy such an amazing moment.

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 2 GRATITUDE JOURNAL:

Gratitude is a positive emotional state in which one recognizes and appreciates what one has received in life. Research shows that taking time to experience gratitude can make you happier and even healthier. Take 5-10 minutes each night to write down five things for which you are grateful. They can be little things or big things. But you really have to focus on them and actually write them down. Do this each night for the whole week.

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Kindness In The Age Of Coronavirus - Lessons From The Holocaust

 3 ACTS OF KINDNESS:

There are many tales of hope amid Corona virus Crisis. People all over the world held rounds of applause for healthcare workers from their balconies and rooftops.

Try to perform seven acts of kindness beyond what you normally do. These do not have to be over-the-top or time-intensive acts, but they should be something that really helps or impacts another person.

Family On Social Media

 4 SOCIAL CONNECTIONS:

In this current uncertain and challenging time, people of all ages, can benefit greatly from staying connected with others virtually while they are on break from doing so in person. We shouldn’t underestimate the basic human need for social support and interaction. Not only does it enrich our lives, it also keeps us happy and well. Try to focus on making new social connections. The key is that you must take the time needed to genuinely connect with another person.

How to do Pranayam: Yoga Breathing Exercises You Must Include in Your Routine

5  EXERCISE, YOGA:

While you learn to breathe correctly, you’re setting things right internally, giving various bodily processes a thorough cleanse. Yogic breathing techniques are easy to do and can be done in the comfort of your home.

Research suggests that ~30 minutes a day of exercise can boost your mood in addition to making your body healthier. Spend each day getting your body moving with at least 30 minutes of exercise. Be sure to take a moment to notice how much better you feel after getting some exercise in.

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6 MEDITATE:

Meditation changes the brain for the better with the huge number of benefits it has to offer. From reducing stress and anxiety, making us emotionally aware and regulated to building self-control and help us build good habits. So if you feel stressed or anxious often or simply want to enjoy a more relaxed and grounded life, then give meditation a try and see how it changes your life!

 It is a practice of intentionally turning your attention away from distracting thoughts toward a single point of reference (e.g., the breath, bodily sensations, compassion, a specific thought, etc.). Spend (at least) 10 minutes per day meditating.

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