Indian Pharma—Some Challenges and Acceptances

  • Sajna T Research Scholar, University of Kerala, Kerala, India
Keywords: Artificial intelligence, Challenges, Health care industry, Pharmaceutical company

Abstract

Business enterprises are an important organ of society. The impact of a business enterprise’s motive will directly affect society, which includes environment, consumers, employees, suppliers, and other stakeholders. Big pharma companies face a huge drop in revenue from blockbuster drugs coming off patent. Without generating revenues through sales, these companies will struggle to fund the development of new life-saving drugs. Artificial intelligence (AI) can be a powerful tool in the pharmaceutical industry’s research and development. So with the help of modern technologies, pharmaceutical companies should aim for quality but cheap products for common people and serve society better.

Published
2020-12-17
How to Cite
Sajna T. (2020). Indian Pharma—Some Challenges and Acceptances. Management Insight, 16(1), 38-40. Retrieved from https://journals.smsvaranasi.com/index.php/managementinsight/article/view/672