DRL Says There Is High Pricing Pressure on Manufacturers
The pharma industry bigwigs, Dr Reddy, gathered at the 15th edition of the Bio Asia Summit. The Chairman of Dr Reddy, Satish Reddy talked about the pricing pressure on manufacturers and the way ahead.
The chairman said that at this point of time, few parts of things are settling down. There are variety of things those are responsible for this situation.
He went on saying that there are things that have happened for the first time because in the past you would see industry consolidating, for the first time over the last two-three years you are seeing the customers consolidate, that has had its own effect because 90 percent of the purchasing is done by three large purchasing groups, so you can imagine the kind of pricing pressure that is on manufacturers and that is what played out.