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INTERNATIONAL JOURNAL OF PHARMACEUTICAL RESEARCH

A Step Towards Excellence
Published by : Advanced Scientific Research
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0975-2366
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IJPR 9[3] July - September 2017 Special Issue

July - September 9[3] 2017

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Evaluation of Various Factors that Determines the Export of Biopharmaceutical Products: An Empirical Study of Indian Biopharmaceutical Companies

Author: , GYAN PRAKSH UJALAYAN, SHIBU JOHN, JWAAD AKHTER KHAN, PRERNA SINGH
Abstract: Export of goods of any country has greater relevance, especially in the wake of ongoing global trade wars which have spillover effects to other third world countries across the globe. India enjoys a competitive advantage in the biopharmaceutical space due to low costs, huge and varied patient pools, availability of many technologists, and 50 per cent less cost in conducting a clinical trial than that of developed economies. This paper has made an ardent attempt to critically evaluate seven factors, namely research & development expenses, net sales, net fixed assets, branding expenses, profit after tax, import of capital goods, and import of raw materials. The empirical findings of this paper indicate that R&D expenditure, net sales, net fixed assets, import of capital goods, and import of raw material are the main factors which are influencing the export of biopharmaceutical products. However, branding expenditure and profit after tax do not have any direct impact on the export of biopharmaceuticals products in India.
Keyword: Biopharmaceuticals, Export, Products, Market, Factors
DOI: https://doi.org/10.31838/ijpr/2021.13.02.240
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