Pharmacy Students Gear Up for Global Regulatory Challenges
In a bid to navigate the intricate landscape of global pharmaceutical regulations, pharmacy students are increasingly focusing on qualification, training, and upskilling strategies.
According to insights gathered by Pharmabiz from pharmacy students, the path to career advancement now hinges on mastering technology, regulations, and data analytics. These skills are deemed essential for staying competitive in the dynamic pharmaceutical industry.
Dr. Eswara Reddy, Joint Drugs Controller General of India, emphasized the importance of industry readiness among pharmacy students during the 73rd IPC session. He underscored the challenges facing the pharmaceutical sector, noting the critical need for continuous qualification and upskilling to meet evolving global regulatory and quality compliance standards.
India, home to 10 of the top 25 global pharmaceutical companies, plays a pivotal role in the industry. Compliance with international regulations is crucial for facilitating exports, despite the prolonged approval timelines and regulatory hurdles such as quality control and manufacturing practices. Dr. Reddy highlighted the necessity for stringent adherence to these standards to avoid import bans and business losses.
“The revised Schedule M mandates strict implementation timelines and annual vendor audits, restricting the co-production of nutraceuticals or herbal formulations alongside pharmaceuticals,” Dr. Reddy explained. He emphasized the evolving nature of pharmaceutical regulations, urging students to stay updated to contribute effectively to compliance efforts in their future careers.
Addressing the industry’s need for skilled professionals, Dr. Reddy emphasized the importance of adopting artificial intelligence (AI) and machine learning (ML) as indispensable skills. He stressed the urgency for companies to enhance employee retention through improved salaries and foster a supportive working culture.
“Balancing affordable healthcare with intellectual property rights remains a challenge,” Dr. Reddy noted, citing issues around patent protection and compulsory licensing in the pharmaceutical sector. He urged the Indian pharmaceutical industry to strike a balance between generic drug production and innovation.
Despite these challenges, Dr. Reddy highlighted the potential for transformation in the Indian pharmaceutical sector. He emphasized the critical role of continuous learning and development in preparing pharmacy students for future challenges and opportunities. This includes not only technical expertise but also essential professional competencies such as critical thinking and ethical decision-making.
As India’s pharmaceutical industry stands on the brink of transformation, the emphasis on continuous learning and adaptation underscores the sector’s commitment to global standards and sustainable growth.