India is often referred to as the ‘pharmacy of the world’, being the largest supplier of generic medicines, with a global market share of 20 percent. … One-fourth of all medicines consumed in Britain are supplied by Indian pharma companies. Two-fifth of all generic medicines used in the USA come from India. Over 80 percent of medicines used all over the world for treatment of the deadly illness, AIDS, are supplied by Indian pharma companies.
Continue readingWhile people are suffering the terrible consequences of Covid-19 and the lockdown, capitalist owners of pharmaceutical companies in India and on the world scale are reaping enormous profits. They are taking advantage of people’s desperation to market all kinds of medicines at exorbitant prices.
Continue readingVital drugs for treatment of Covid patients are in short supply and priced at levels that masses of people cannot afford. Pharmaceutical companies are taking advantage of their monopoly over these drugs and profiteering. The shortage has led to black-marketing of some of these drugs at absurdly high prices.
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