pharmacy - arewarding carerer (india)

PHARMACYPHARMACYPrescription for a Prescription for a Rewarding CareerRewarding Career

Presentation ObjectivePresentation Objective

To share a broad idea about current opportunities and emerging areas for PHARMA PROFESSIONALS in India.

The desire to take medicine is perhaps the greatest feature which distinguishes man from animals.

Sir William Osler

British (Canadian-born) physician

(1849 – 1919)

Underlying Thought…Underlying Thought…

http://www.quotationspage.com/quotes/Sir_William_Osler/

So, welcome to the profession which is there to stay until there are humans

walking on the earth….

The Outcome…The Outcome…

The Pathway…The Pathway…

Entrepreneurship

Manufacturing

PharmacyPharmacyPharmacyPharmacy

Community Pharmacy

Hospital Pharmacy

Clinical Research

Academics

QC,QA & RA

Consultancy

Marketing & Project Mgt.

What’s on the platter?

Career Prospects in PharmacyCareer Prospects in Pharmacy

Career Path for Technical ProfessionalsTechnical Professionals in Pharma Industry

Research Associate(0-4 years)

Graduate/PG in Pharmacy/Life Science

Research Scientist(4-7 years)


Research Head(8+ years) MS/PhD

Formulation Development Scientist

(5-8 years)Graduate/PG in

Pharmacy/Life Science

Career Path in Research & DevelopmentCareer Path in Research & Development Clinical Research Associate

(0-4 years) Graduate/PG in Pharmacy/Life Science

Senior Clinical Research Associate(2-4 years)


Deputy Manager(3+ years)

MD in Pharmacology/ Medicine

Project Manager(2-5 years)

PG/PhD in Pharmacy/Life Science

Associate Scientific Manager(0-5 years)

PG/PhD in Pharmacy

Regulatory Manager(8-10 years) PG/PhD in Pharmacy

Career Path in Clinical ResearchCareer Path in Clinical Research

Business Development Executive

PG in Life Science/Pharmacy or MBA

Manager-Business Development(7-10 years)

PG/PhD in Pharmacy/ MBA

Head Medico- Marketing(3-5 years)

MBBS/PhD in Life Science

Product Manager(3-4 years) PG in Pharmacy/MBA

Career Path in MarketingCareer Path in Marketing Career Path in Business Business in Pharma Industry

Emerging areas in Pharma SectorEmerging areas in Pharma Sector

Contract Research and Manufacturing Services (CRAMS)Contract Research and Manufacturing Services (CRAMS)

In 2005, contract research in India was valued at US$ 100-120 million and growing at a rate of 20-25 per cent each year, according to a report by the Chemical Pharmaceutical

Generic Association.

Over 15 prominent contract research organisations (CROs) are now operating in the country attracted by India's ability to offer efficient R&D on a low-cost basis.

Not only clinical trials, but Basic Chemical Synthesis, API cost effective process development, FnD and next in thing is GLP compliant pre-clinical studies are on the list of off shoring by MNCs

Low production cost and widely available knowledge pool are the positive factors which would boost CRAMs activities in India, while regulatory compliance is the crucial area to focus the sustainability of the projects which comes to us.

Diagnostics and Medical DevicesDiagnostics and Medical Devices

The medical device manufacturing marketplace is a rapidly changing environment that demands adaptability from not only device makers but

also its suppliers and contract manufacturers. New technologies and processes continue to emerge that change the face of the industry.

Biotech Biotech

“The Global Biotechnology Report 2006” brought out by Ernst and Young attests global interest in India by giving evidence of domestic and

international companies, which have set up their base in India and are conducting R&D activities in the country in full gear.

The downpour of global investments, the evolution of outsourced partnerships into equity investments, the expansion of Indian companies on

the global platform, the sourcing of funds from the World Bank-all these more than testify the increasing confidence of investors in this sector.

Legal and IPRLegal and IPR

With growing awareness Intellectual Property Rights, more and more MNC projects falling in the kitty of Indian Companies. IP protection is becoming the basic rule of the game.

There is a great scarcity of quality Patent Attorneys and IP professional in India currently, this opens vast opportunities for graduating pharmacists to plan a career in IPR.

Patent Attorney Patent Agent Legal Assistant / Paralegal / Patent SpecialistLaw LibrarianPatent Examiner at Patent OfficePatent Searcher / Technical ConsultantIntellectual Property Manager/Coordinator

ITESITES

Indian IT industry has created history on world software markets, BPO&KPO are the current front runners in the ITES.

IT based activities of pharma organization like Pharmacovigilance, Data Management, Perception

Monitoring etc getting outsourced.

There are plenty of prospects for pharma graduates with penchant in IT to work as a DOMAIN EXPERT in a software

development company.

It’s indeed an interesting profession to look forward to, especially for those who really wish to do something different.

NDDSNDDS

AREAS• Molecular Biology• Peptide based NDDS• Nanotechnology

MODES• Tran dermal• Oral Cavity- Inhaler• Targeted Drug Delivery – Anti Cancer

Average Salaries in Pharmacy

Salary trends in Pharma Industry - IndiaSalary trends in Pharma Industry - IndiaSource: BW Gallup salary survey Actual average monthly earnings

Clinical Trials IndustryClinical Trials Industry - A Case Study - A Case Study

A number of the world's top Pharma MNCs have already kick-started simultaneous and stand-alone clinical trials on various therapeutic segments in India. The reason is the Union Government's recent move to allow MNCs to conduct simultaneous clinical trials, both

overseas and in India.

According to industry sources, Pfizer's cumulative investment on clinical research in India is believed to be $13 million.

Clinical Research Outsourcing (CRO) is a young industry worth about US$ 118 million a year in India. It is estimated to be worth US$ 380 million by 2010 as foreign players join the market.

Bottlenecks are rapidly emerging, a significant component of which are talent related

Survey of stakeholders in clinical research, and clinical data processing

5%

30%

10%15%

40%

Patient Availability

Trained InvestigatorAvailabilitySite InfrastructureAvailability

Site Support StaffAvailabilityResearch StaffAvailability

Source: Analysis of internal data and projected trends

Talent related bottlenecks comprise 65%


Salary growth for key positions – Note the sharp increase for experienced positions

0

2

4

6

8

10

12

14

16

18

20

CRA (2 Yrs) CRA entry PM (2yrs) PM entry SAS P(2yrs) SAS entry

2004

2007

2009

CT

C IN

R la

khs

Market data across various organizations – Data on File


Workforce addition remains the highest in the world but the number with the ‘right’ skills is limited

0

5000

10000

15000

20000

25000

30000

Doctors BPharm MPharm Phd

Addition per year Readily employable candidates

Number of healthcare professionals passing out from accredited colleges per year versus readily employable

Source: Adapted from McKinsey Global Institute and Peterson Institute


What makes a successful professional?

THE BOTTOM LINE…………THE BOTTOM LINE…………

Education Background

Acquired Skills

Attitude

&

Approach

Propensity

to take

Risk

Right cadidates with Right Skill Set and Attitude are in great demand.

The most important task lies with

“YOU”,

To define your interest areas and start concentrating on it right from

Under Graduate Level.Let’s start it from Let’s start it from

TODAY !!TODAY !!

Bhushan Desai

A student of Pharmacy & Management……….. FOR LIFE

[email protected]

09317553000