BIRD FLU IN INDIA
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Apart from all these losses, the Indian government will have
to spend in excess of Rs 50 billion to control the spread of bird flu. In such a
situation, the projection of 8.1% GDP growth for the current fiscal year could
get revised downward. However, experts believe that this will happen only if the
bird flu persists for a longer time.
However, there are some people who have struck gold due to the mass shift of
consumers toward chicken substitutes. Fish and meat sellers were reported to
have been doing brisk business as demand for their products had shot up. Prices
of fish and mutton have skyrocketed since the bird flu panic started.
Meanwhile, Indian pharma companies have geared themselves up to supply drugs in
the event of a bird flu outbreak in India. The Swiss pharma major Roche holds
the patent for the drug Tamiflu (Oseltamivir), which is believed to be the only
drug effective against bird flu. Hyderabad-based Hetero Drugs had received the
sub-license to produce the generic version of Tamiflu from Roche in December
2005. The demand for these drugs was expected to go up significantly.
Hetero Drugs had already supplied a total of 700,000 capsules (initially 500,000
capsules, followed by another consignment of 200,000 capsules) to the Indian
government at a price of Rs 710 ($15) per strip of 10 capsules. M. Srinivas
Reddy, Marketing Director of Hetero Drugs, said, “We have another one million
capsules in the stock and this can be called in by the government at a very
short notice.”[1] He also said that the production capacity could be ramped up to
30 million capsules if required. Earlier, Roche had supplied 7,000 capsules of Tamiflu to the government.
Mumbai-based Cipla launched Antiflu, its generic version of Tamiflu. Cipla had
even put it on the market at a whole sale price of Rs 650 per strip of ten
capsules and a retail price of Rs 1000. Even Ranbaxy, India’s largest pharma
company, announced that its API (active pharmaceutical ingredient) for
Oseltamivir was ready and its formulations would be ready after the second
quarter of 2006.
contd....
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[1] “Indian drug makers gear up to combat bird flu,” http://www.newkerala.com/news2.php?action=fullnews&id=14133,
February 22, 2006.
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