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Covid-19 impact on global pharmaceutical industry

By: Prathiba, A.
Contributor(s): Sairam, P.
Publisher: Mumbai Indian Journal of Pharmaceutical Science 2021Edition: Vol.53(5-6), May-June.Description: 23-25p.Subject(s): PHARMACEUTICSOnline resources: Click here In: Pharma timesSummary: The impact of the COVID-19 crisis on the global market is critical where pharmaceutical industries manifest a decrease in economy and recession. As per conducted surveys on many pharmaceutical industries, 39% less supply is being produced by every infected country such as India, Spain, Germany, USA, Japan, etc. The main impact of COVID-19 on the global pharmaceutical industries will be as follows:- • Paucity of supply • Aggravated demands of supplies • Intensified clinical trials • Enhanced digital health • Relaxation of FDA policies in few areas.
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The impact of the COVID-19 crisis on the global market is
critical where pharmaceutical industries manifest a decrease
in economy and recession. As per conducted surveys on many
pharmaceutical industries, 39% less supply is being produced
by every infected country such as India, Spain, Germany, USA,
Japan, etc.
The main impact of COVID-19 on the global pharmaceutical
industries will be as follows:-
• Paucity of supply
• Aggravated demands of supplies
• Intensified clinical trials
• Enhanced digital health
• Relaxation of FDA policies in few areas.

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