Automation, Digitization and use of new technologies in Pharmaceutical operations.
- Ganadhish Kamat In the current times Pharmaceutical industry is facing lot of challenges. These include – Pricing pressure due to various initiatives by governments to control healthcare cost in the respective countries & consolidation of buyers in US. Large number of generic approvals even for complex generics on day 1 in US thereby not giving huge dividends for being first to market the generic version. High cost of development, high investments & long gestation period for complex generics. Increased regulatory expectations & scrutiny. Increasing costs due to rise cost of materials, transportation, energy, wages etc. Only way the industry can overcome these issues and come out winner is by adopting philosophy of continuous improvement. Continuous improvement will help in improving efficiency, productivity, yields, resource utilization etc and help driving down the cost. It will also help in ma...