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Bristol-Myers, Roche, Novartis, AZ: Big Pharma’s shrinking club in India

Pharma MNCs came in bunches, realised India is not quite their cup of tea and are now rearranging their decks. What we have are layoffs, marketing alliances, and a shrewd post-consolidation wait-and-watch

12/11/18

Seema Singh

Indian pharma grew at 6.3% in FY18, the slowest in over a decade. Compared to regulated markets, it’s still high growth rate for Big Pharma. But in value terms, India offers chump change  

Global headwinds have forced them to relook at India, dividing the pack into long- and shortermists  

Quiet layoffs, portfolio pruning, and unique marketing alliances are in the order  

Volume game players are angling for Ayushman Bharat, hoping for a  Chinese success story replay where state insurance has given them high double-digit growth. Is that possible?  

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Pharma MNCs came in bunches, realised India is not quite their cup of tea, and are now rearranging their decks. What we have are layoffs, marketing alliances, and a shrewd post-consolidation wait-and-watch

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