INTRODUCTION
Sun Pharma Advanced Research Company Limited (SPARC) is engaged in research and experimental development on natural sciences and engineering which is also known as ‘Pharmacy’. Thus, the company operates in the Pharmaceuticals Research & Development segment. SPARC was formed in 2007 as a result of a demerger from Sun Pharmaceutical Industries Limited which is a global leader in specialty generics. The company strives to build an enduring innovation engine built on strong scientific execution, high value analytics and aggressive portfolio management.
INDUSTRY OVERVIEW
Global spending on medicines is expected to grow at a compounded annual growth rate (CAGR) of 3-6 per cent in the coming five years which will reach over US $1.5 trillion by 2023. Due to the economic slowdown, all developed markets show moderation in growth. Overall, the spending of pharma and biotech companies on R&D is expected to be US $177 billion by the end of 2019 compared to about US $171 billion in 2018. For 2019, the global pharma industry’s R&D pipeline is expected to be around 16,181 drugs with a growth of 6 per cent as compared to a growth of a mere 2.7 per cent in the previous year.
Esta historia es de la edición November 25 - December 8, 2019 de Dalal Street Investment Journal.
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Esta historia es de la edición November 25 - December 8, 2019 de Dalal Street Investment Journal.
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