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Need and Scope of The Study Objectives Research Methodology
Need and Scope of The Study Objectives Research Methodology
INTRODUCTION
NEED AND SCOPE OF THE STUDY
OBJECTIVES
RESEARCH METHODOLOGY
INTRODUCTION
It is an art of utilization of the existing human resources of the
organization in the right way at the right time in the right place.It
is to get and develop the best outputs from the human resourses .
Pharmaceutical Industry :
The pharmaceutical industry is one of the largest
and the most exciting sectors to be working today. It is
rapidly changing environment where many advances
have taken place over 20 years . Further more , it will
continue to develop and evolve at an ever increasing
pace over the next decade. Pharmaceuticals are the
medicinally chemicals which are converted to dosages
forms suitable for patients to imbibe.
RESEARCH
METHODOLOGY
A research cannot be conducted abruptly.
Researcher has to proceed systematically in a
planned direction with the help of a number of
steps in sequence . The methods adopted by
the researcher for completing the project is
called research methodology.
SAMPLE:
As per the requirement of the selected
organization, the present study is confined to
quality control department where in 80
employees are working.
Thus, all 80 employees are concerned
with as a sample unit and the present study is
carried out further.
LIMITATIONS OF THE
STUDY
The study is confined with recruitment in
DR.REDDY’S for a shorter period .The study is
subjected to certain limitations.
In the sample size was 80 respondents,
which is relatively small for the
objectives of the study.
The study is limited to only QC
department in FTO9 which is relatively
small to gather all information.
There is every possibility of deviation in
the answering pattern of the
respondents from what they really feel.
There is a time limit of two months; in
two months it is difficult to cover all the
activities of the company.
CHAPTER 2
INDUSTRY CAPITAL
The pharmaceutical industry develops,
produces and markets drugs or phar,aceuticals licensed for use as
medications. pharmaceutical companies are allowed to deal in generic
or brand medications and medical devices. They are subject to a laws
and regulations regarding the patenting , testing , and ensuring safety
and efficiency and marketing of drugs.
Pharmacy:
It is branch of industry which includes the
study of formation of drug into dosage.
deals with many aspects of interactions
both inside and outside the body.
its not trivial to design and implement a
dosage from that is both safe and
effective for drugs intended use.
DRUG:
A chemical entity obtained
from various source which produces
therapeutic effect of the body.
DOSAGE FORM :
Drugs are combined
with inert substances & converted into
suitable form of administration into body;
this form of administartion is known as
dosage form.
Eg: tablets
Capsules
Injection
Cyrup
HISTORY OF PHARMACEUTICALS:
Indian pharma industry is
mainly operated as well as controlled by dominant foreign companies
having subsidaries in india due to availability of cheap labor in india at
lowest cost . In 2002, over 20,000 registered drug manufactures in india
sold $9 billion worth of formulations and bulk drugs . 85% of these
formulations were sold in india while over 60% of the bulk drugs were
exported , mostly to the united states and russia. Most the players in
the market are small to medium enterprises; 250 of the largest
companies control 70% of the Indian market. Thanks to the 1970 patent
Act ,multinationals represent only 35% of the market , down from
70%thirty years ago. Most pharmaceutical companies operating in
india; even the multinationals , employs indians almost exclusively from
the lowest ranks to high level management . Home grown
pharmaceuticals , like many other businesses in india, are often a mix of
public and private enterprises.
Industry Scenario:
The pharmaceutical industry in india is most
progressive and advanced among all the developed countries. The
industry has provided great employment oppurtunities to thousand of
people, apart from contributing greatly towards the indian drugs (both
brand name and generic ), biologics (products derived from living
sources, as opposed to chemical compositions),vaccines and natural
health products. The basic objectives of the Government policy relating
to the drug and pharmaceutical sector were enumerated in the drug
policy of 1986 . These basic objectives still remain largely valid .
However , drug and pharmaceutical industry in the country today faces
new challenges on account of liberlization of the indian economy , the
globalization of the indian economy of the world economy and on
account of new obligations undertaken by the WTO agreements . these
challenges require emphasis in the current pharmaceutical policy and
the need for new innitiatives beyond those enumerated drug policy
1986 , as modified in 1994. So that policy inputs are directed more
towards promoting accelerated growth of pharmaceutical industry and
towards making it more internationally competitive. The need for
radically improving the policy framework for knowledge -based indrusty
has also been acknowledged by the government.
Future focus:
Beyond challenges in healthcare like patent
expiries , generic inroads , patient visits declining , and health apps
proliferating , leadership of a younger demographic of the pharma
talent is a complex key to pharmaceutical companies futures.
Major players:
One of india's top drug makers,
DR.REDDY'S laboratories develops and manufactures branded and
unbranded generic drugs and bulk pharmaceutical ingredients. Its
stable of products includes ulcer medicines ,antibiotics,anti depressants
, pain relievers , diabetes treatments and cardiovascular drugs.
DR.REDDY'S laboratories also makes generic biotech products. Its
custom pharmaceutical drugs units provides contract discovery ,
development, and manufacturing services to other drug makers. the
firm sells its products in more than 100 countries through direct sales
entities and third party distribution partners.
CHAPTER 3
Company profile
COMPANY PROFILE
A Brief profile of Dr.Reddy's Laboratories
Dr.reddy's laboratories ltd is one of the india's leading
pharmaceutical companies with global ambitions . It was promoted by
Dr.K.AnjiReddy, and incorporated in the year 1984. Dr.K.AnjiReddy
started this company with few acres of land and quality control setup
with 25lakhs , with 10-15 employees who ae technically competitive.his
son in law , G.V. Prasad is the chairman & chif executive and his son,
K,SatishReddy is the managing directorand chairman of the company .
They began as a supplier to indian drug manufacturers , but soon
started exporting to other less regulated markets that had the
advantage of not having to spend time and money on a manufacturing
plant that would gain approval from a drug licensing body such as the
U.S Food and Drug Administration (FDA). Within a year Reddy's had
launched Norilet , the company's first recognized brand in india.
Dr.Reddy’s patients trust their medicines and hence they believe that
they trust must be earned every single day. So they continually remind
themselves that the interests of patients must always come first. In
pursuit of these , they believe in creating an environment of innovation
and learning, as they push themselves to reach higher levels of
excellence.
GENERAL PROFILE
Purpose:
The main purpose of dr.reddy’s laboratories ltd is to provide affordable
and innovative medecines for healthier lifes.
Mission:
Mission of dr.reddy’s is to be first indian pharmaceutical company that
successfully takes its products from discovery. To commercial launch
globally. In particular its vision to become a discovery- LED global,
pharmaceutical company with a core purpose of helping people lead
healthier lifes.
Vision:
To become a discovery led global pharmaceutical company.
Objectives:
The audits committee costituted by , and accountable to , the board of
directors of dr.reddy’s laboratories ltd .
Government policy:
o Industrial licensing for the manufacture of all drugs and
pharamceuticals has been abolished except foer bulk drugs
produced for the use of recombinant DNA technology.
o reservation of 5 drugs for manufacture by the public sector only
was abolished in feb 1999 thus opening them up for manufacrture
by the private sector also
o foreign investment through automatic route was raised from 51%
to 74% in march 2000 and the same has ben raised to 100%.
o Drugs and pharmaceuticals manufacturing units in the public
sector are being allowed to face competetion including
competetion from imports.
Financial performance:
Revenue from last 5 years :
5
4.5
4
3.5
3
2.5 Series 1
2 Series 2
1.5 Series 3
1
0.5
0
FYO9
FY10
FY11
FY12
Global Generics:
14
12
10
8 Series 3
Series 2
6
Series 1
0
FY12 FY13 FY12 FY13
India:
14
12
10
8 Series 3
Series 2
6
Series 1
0
FY12 FY13 FY12 FY13
Rs in cores
Infrastructure
21 manufacturing facilities
Pipeline
Cumulative ANDA pipe: total filed:209
62ANDAS are pending for a approval with the USFDA of which 39 are
para IVS out of which 9to have ‘first file’ status
SWOT ANALYSIS:
DR.Reddy’s lab limited SWOT analysis company profile is the essential
source for top level company data and information. Dr.Reddy’s
laboratories limited-SWOT analysis examines companies key business
structure and operations history and products, and provides summary
analysis of its key revenue lines and strategy.
Future plans :
Dr.Reddy’s laboratories may invest upto dollar 400 million on R&D over
3-4 years in biologics and proprietary products in the range of $150-200
million over next 3-4 years till these respective business become self
sufficient and cash accretive said a company source. The company has
said drugs currently in clinical development stage are targeted in the
areas of cardiovascular disorders psorassis,pain,anti-infective atopic
dermatitis/psorassis and migrane . It said the new drug research n
metabolic disorders/cardiovascular disorders is in phase-2 while the
remaining five drugs are in the clinical stage. “the bigger investments in
R&D are going into biologics and proprietary products. Hence reddy
said that as of now major portion of revemnue comes from pure
generics sales and currently the focus is on investing in science an
technology.