PHARMACEUTICAL INDUSTRY PROSPECTS IN 2021
The pharmaceutical Industry is sensitive to Covid-19 but is slowly recovering. The Covid-19 pandemic is a great challenge for the entire population and manufacturing industries, especially the pharmaceutical industry, in case of strong community spread. However, at the present, the health care target is the main goal and an essential expenditure for the people. Demand for Medicines will only be temporarily delayed in the short term and will gradually recover.
The government continues to reform policies to support domestic pharmaceutical companies and reduce the burden of health insurance. Vietnamese Government continues to amend bidding regulations on drug procurement at public hospitals in order to (1) encourage the production of generic drugs to replace expensive imported drugs; and (2) reduce the financial burden on the health insurance fund, as premium revenue has been struggling to keep up with the demand for insurance payments in recent years.
In 2020, the Government also issued Circular 15/2020/TT-BYT to replace Circular 09/2016/TT-BYT, expanding the list of drugs tendered by hospitals and drugs under centralized procurement (drugs are bidded in session directly held by Vietnam Social Insurance). As a result, drug prices in the hospital channel are gradually becoming more transparent, helping domestic manufacturers compete with expensive imported drugs which previously dominated hospitals.
Moreover, the Law on Pharmacy (Chapter II, Article 7) and Circular 03/2019/TT-BYT stipulate not to bid for imported drugs whenever domestically produced drugs meet the requirements for treatments, prices and supply capacity, which create great advantages for domestic drugs.
The pharmaceutical industry will come back strongly in 2021 and the following years due to the massive influx of foreign investment and good disease control in Vietnam. The imported API sourcing problems are still there, but not significantly affecting.
<The Report is compiled and collected from SSI, BMI and Vietnam Custom>
The wet granulation process in two separate steps is mostly recommended and suitable for conventional equipment like the High-speed Mixer & Granulator, Fluid-bed Dryer & Granulator…
This single-step granulation process provides effervescent granules directly by granulating the acid and the alkaline materials together. It is possible to use only water as the granulating liquid, thus controlling the effervescent reaction to granulate, or using a nonreactive liquid, like absolute ethanol or isopropanol, but in this case, it is necessary to use a binder to get the agglomeration of the particles of the raw material. There are two type of equipment complying with this technology.
This dosage form is easier to administer, particularly helpful to patients, like children, who are not able to swallow capsules or tablets. However, the manufaturing of them is more complex than conventional forms, especially in selecting technology and processing equipment
The Covid-19 pandemic has posed many new challenges for pharmaceutical startups. What needs to be done to be able to survive and develop, especially during this period. The StartUs Insight newspaper based on the analytical research of "1745 famous startups in the pharmaceutical industry in 2020", found the most outstanding startups. To be able to turn challenges into opportunities, pharmaceutical companies have a "secret" for startups to survive the pandemic.
Inspecting tooling and press components for wear or defects could be the most important step in improving tablet quality. There are certain inspection points that are easy to overlook yet can cause significant tablet quality issues and limit tool life. Spend a little time checking the following items for wear or defects to quickly increase tablet quality and reduce tooling cost
The pharmaceutical industry follows the most stringent requirements for manufacturing processes and used equipment also must comply with good manufacturing practices (GMP). As drug development trends change, so do manufacturing processes, much of which can now be automated...
The COVID-19 health crisis has brought strong scientific impacts and advances, while also valuable lessons for businesses, organizations and countries around the world:
At the Poison Control Center, Bach Mai Hospital has received many cases of poisoning due to the abuse of drug paracetamol to treat COVID-19. Therefore, people should be careful about medicines spread of unknown origin on social networks, before using any medicine that requires a doctor's opinion, not to use it on their own.
From August 1, 2021, businesses can look up the status of certificate of origin form D on the internet. At the same time, enterprises that import consignments of drugs and medicinal ingredients imported from Red Luong must present the original power of attorney, circulation permit and product testing sheet...
Maintaining production, delivery on time and keeping commitments to clients is a remarkable effort, demonstrating Tien Tuan's prestige, internal strength and high competitiveness.
According to the Vietnamese Embassy in India, this is a suggestion made by the big players in the Indian pharmaceutical industry during a trade and investment promotion meeting chaired by Vietnamese Ambassador to India - Mr. Pham Sanh Chau.
With the union of Tien Tuan company and the timely leadership of the manager board, the shipment has been successfully exported to customers in the Asian.
On the purpose of providing to valued clients & readers the latest Vietnamese pharmaceutical news and international pharma production trends, update state-of-the-art features, global technology, we periodically send to you the monthly bulletin.
What do the terms 'containment' and 'isolation' mean in the pharmaceutical industry? Why must all cancer drug production line adopt this system?
Common vocabularies and definition in Pharmaceutical Validation.
This pilot batch of Sputnik V vaccine brings hope to Vietnam's community vaccination campaign.
Before 2020, the concept of Ultra Low Temperature Freezers (ULT) was very little known, except in the medical and related industries. But when Pfizer announced that their vaccines required storage at -70°C, a world reeling from the pandemic took a big interest in the concept of "deep cryo" preservation.
Hand sanitizers are over-the-counter (OTC) drug products. Symptoms of headache, nausea, and dizziness may occur after applying alcohol-based hand sanitizer to the skin. These symptoms can be caused by inhaling vapors from hand sanitizer, by exposure to confined spaces or places with poor air circulation...The US Food and Drug Administration (FDA) has just released a warning about washing hand in this Pandemic.
According to WHO estimates, nearly $40 billion is lost each year to counterfeit products. Not only economic losses, counterfeit drugs also increase health risks, lead to drug recalls, and tarnish the brand image of the struggling pharmaceutical industry.
One of the measures the industry took to overcome this challenge was to implement pharmaceutical serialization to protect the consumers.
Coating becomes an essential technology in pharmaceutical. During last 25 years, the coating layer has obviously undergone some changes. More improvement in coating technologies have been made to enhance higher quality of drug and its manufacturing operation.
There is idea supposed that the traditional pharmaceutical industry is quite conservative and so a multitude of reasons ranging from regulation to financial resources can be given to reason for the delay in the adoption of new technologies. However, we will certainly witness dramatic and innovative changes in the pharmaceutical industry in the coming years as Industry 4.0 is becoming a global technological revolution.
The European Commission has approved the lung cancer drug as an add-on treatment for adults diagnosed early enough for the tumour to be surgically removed, and who have a mutation of the EGFR gene.
Vietnamese pharmaceutical companies are gradually being outdone by foreign competitors. With a series of loosening policies published, Vietnam's pharmaceutical market is a lucrative piece of cake for foreign pharmaceutical companies to jump in.
With production on pause and millions of COVID-19 vaccine doses in limbo, Johnson & Johnson has been hustling to right the ship at CDMO Emergent BioSolutions' troubled Baltimore manufacturing facility. Now, it looks as if relief is in sight.
(According to Vietnamreport) Top 10 prestigious pharmaceutical companies are ranked based on scientific and objective principles. Companies are evaluated and ranked based on 3 main criteria: (1) Financial capacity shown in the latest year's financial statements; (2) Media reputation is assessed by Media Coding method - encoding articles about the company on influential media channels; (3) Survey of stakeholders was carried out in October and November 2020.
The COVID-19 pandemic occured in the end of 2019 and officially broke out in early 2020, leading to many complicated consequences, directly affecting public health and the world economy.
It seemed that the pharmaceutical industry would be the main development industry during the Covid pandemic, but on the contrary, the Pharmaceutical industry as well as other industries have suffered a lot of damage from Covid.
The Seminar “How to build pharmaceutical factory complying to EU-GMP?” held by Tien Tuan on August 18th 2017 at Meeting Room No. 2 – Saigon Exhibition and Convention Center , Ho Chi Minh City was a successful event and the topic gathered much attention from industrial specialists and experts from Vietnam pharmaceutical industry.
In order to assist pharmaceutical companies in Vietnam to catch up with the latest development in processing technology, Tien Tuan would like to invite you to come and discuss with us at seminars 1) Telstar – Isolator and 2) Natoli with complete solution for puch, die and tableting. The seminars will be organized at Ha Noi International Exhibition Center – 91 Tran Hung Dao st., Hoan Kiem District, Ha Noi