A drug or pharmaceutical company refers to a commercial business that is licensed for researching, developing, testing, marketing and distributing medicines to the healthcare sector. These companies deal with both generic and brand medications. They have to follow a particular set of rules and regulations in relation to testing, patenting, marketing, etc.
The generic medicine supplier has become one of the most influential and profit-making hubs since the beginning of the 19th century. Amidst an array of controversy and praises, the pharma industry has become a necessity for the entire world.
Qatar is shining bright in pharma sphere:
There is a process known as drug discovery that deals with the discovery and designing of drugs. In earlier days, the majority of drugs were used to get discovered by the identification of active ingredients through the source of traditional remedies. Also, there was a serendipitous discovery.
In Middle East, USA, UK, India, etc., a newer approach is being taken to understand the way molecular and physiological level control disease and infection for targeting particular entities. In order to make the process faster, new technologies and systems of informatics and data management have been employed. Development of drugs is intensive and expensive and these countries are coping effectively.
Moreover, the investigation is done on various compounds and their use in humans. Approval has been given to a small fraction. Determining the efficacy and safety of the compounds are possible after pre-clinical development, followed by clinical trials and safety monitoring.
The reputed pharmaceutical companies in Qatar are exporting OTC products, nutraceutical medicines and other pharma products that arrive in various forms of dosage. Usually, pharmaceutical products in Qatar consist of tablets, injections, ointments, drops, syrups, sachets, etc.
Many Indian hubs have their branches in Qatar and other nations in the Middle East. These hubs manufacture many drugs at their in-house facilities in India. The US FDA, GMP, ISO 9001, and WHO-GMP certify these facilities.
Qatar is improving performance:
The pharmaceutical manufacturing companies in Qatar are presently involved in the development of a growing portfolio of excellent formulations in the area of health care. They boast a vision of high quality and affordable drugs, generic medicines, etc. and are growing rapidly into a dynamic group.
Qatar is trying to park its surplus that is investible. Again, a country like India is looking forward at investments for funding the growth based on infrastructure. Both the countries can benefit from it.
The general rules for exporting medicines from India to other countries:
- Drug license off wholesale or manufacturing
- Import Export Code
- Current bank account for receiving payment
Requirements for exporting to Arab countries:
GCC approval is required if the products have to be exported to Qatar, Saudi Arabia, UAE, Oman, Bahrain, and Kuwait. Saudi FDA should inspect and approve the manufacturing facility.
The relation between Qatar and India:
The relation between Qatar and India is historic. It is expected that in the year 2023, both the nations will remember the grand 50th anniversary of diplomatic relation’s establishment. Approximately 7 lakhs Indian people reside in Qatar which is the true backbone of the healthy partnership between both nations.
There is a strong bilateral trade relationship between them. It surpassed USD 11 billion in the year 2019-2020. The dominating trade is energy.
The medicine exporters in Qatar strictly stick to national and International Regulatory Requirements along with producing superior products.
The commitment of pharmaceutical companies in Qatar:
The companies are committed to bring continuous improvement and add values to the quality standards for satisfying the needs of customers.
During the Corona Virus pandemic when most of the planes have been grounded throughout the world, on April 2, Qatar Airways Cargo declared that it has started nineteen weekly flights between India and Doha. The initiative is for receiving goods like Pharmaceutical products.
These flights are focused on imparting quality Indian products that have a strong demand in the Middle East such as fresh produce and medicines.
There is a continuation of strong demand for imports and exports, especially related to the transportation of necessary medical supplies that are produced in India and are needed to fight against Corona Virus.
Generic drug supplier is playing a vital role:
India is a country that supplies approximately 1,000 tonnes of APIs to Europe for paracetamol, a common pain reliever. It eases the export controls on OTC medicines that are used for dealing with symptoms of COVID 19.
India is presently the main generic drug supplier. It has shipped around 1.9 million tablets and certain other forms of paracetamol to thirty-one countries. Again, it has added the consignments of Hydroxychloroquine, the anti-malaria drug and paracetamol to be sent to 87 countries commercially.
Countries like the United Arab Emirates, Russia, Jordan and major partners in Latin America and Africa are likely to export paracetamol and hydroxychloroquine from India. Medicine exporters in Qatar are all ready to strengthen the bond with India further to keep on receiving excellent medicines at the most competitive price.
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