A Brief On The Csr Activities Of Sun Pharmaceutical Industries Ltd.
Introduction to Sun Pharmaceutical Industries Ltd.
Established in 1983, listed since 1994 and headquartered in India, Sun Pharmaceutical Industries Ltd is an international, integrated, speciality pharmaceutical company. It manufactures and markets a large basket of pharmaceutical formulations as branded generics as well as generics in India, U.S. and several other markets across the world. In India, the company is a leader in niche therapy areas of psychiatry, neurology, cardiology, diabetology, gastroenterology, and orthopaedics. The company has strong skills in product development, process chemistry, and manufacturing of complex API, as well as dosage forms. Sun Pharma was a start-up company with five products. Since 1996, Sun has grown largely through a combination of internal growth, and acquisition of other pharmaceutical companies. The company has shifted work related to new molecules and drug delivery systems to a company, SPARC, which is listed on the Indian stock exchange.
Social concerns for Sun Pharmaceutical Industries Ltd.
The sun pharmaceutical company has benefited patients in India and many poor countries by providing them access to affordable drugs and treatments. It is also increasingly complying with good manufacturing practices (GMP) and investing in R&D for diseases like malaria and tuberculosis that are peculiar to tropical countries. Further, for greater market access the company has also started acquiring foreign firms. As an example Sun Pharmaceuticals acquired Caraco of the U.S. in 1997 and increased its stakes further in 2003.It is imperative that the deregulation and decontrol of the industry should proceed in such a manner that prices of essential drugs remain affordable to consumers since this industry has direct implications for healthcare and social welfare. Along with emerging national and international pharmaceutical standards and other high barriers to entry in the global industry, top firms and companies are...
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