A big transformation is happening in the global generic pharmaceutical industry. As a result, stocks of most major drug companies have done badly in the past one year.

This declaration will set the tone of the policy direction in which global community will move to tackle the menace of TB.

Those within the pharma industry see a couple of messages coming across from the movie.

India has particularly pressed China to open up its market for pharmaceuticals. There is widespread demand in China for Indian anticancer drugs which are often one-tenth the cost of the Western drugs that are available in China.

World Intellectual Property Organisation (WIPO) is considering a proposal to permit countries to outsource their patent examination duties to patent offices of other countries.

The stock has been gaining for the last eight days and has risen 20.08% in the period. It opened with a gain of 2.23% today. The stock has gained every month in the last seven months and has generated 20.02% returns in the period.

Even as US President Donald Trump wants United States Trade Representative (USTR) to step pressure on the country's trade partners to provide pricing freedom for US based medical device companies, local industry lobby group Association of Indian Manufacturers of Medical Devices (AIMED) has urged India to reduce reliance on imported medical devices.

Walmart's global CEO Doug McMillon arrived in Delhi late Tuesday night to sign off on the Flipkart deal.

Chinese Ambassador to India Luo Zhaohui's recent tweet on his country's decision to remove import duties on 28 medicines, including all cancer drugs, has created flutters in India.

Drug companies are moving up the value chain, transforming into complex generic manufacturers with high end R&D facilities.

Close to 90 health activists, patient groups and individuals workingtowards the elimination of tuberculosis have called upon Prime MinisterNarendra Modi to make drug resistant TB (DR-TB) drugs affordable byensuring supply of generic drugs

The enforcement of foreign arbitral awards in India has been a little difficult due to challenges like all convention countries not being notified by the government and thus unable to get their awards enforced in India and other such hindrances.

Once known for the books it sold, the e-commerce behemoth has today permeated most lives with products to meet everyday needs - from grocery to gadgets, movies to now even medicines.