Gannu Praveen Kumar
Sahasra Institute of Pharmaceutical Sciences, India
Title: Good manufacturing practices and globalization
Biography
Biography: Gannu Praveen Kumar
Abstract
The term globalization was first used in 1940s. The political economist George Modelski reintroduced the term in 1972 to describe the impact of multinational cooperation on economic relations within and between countries. The concept of globalization means that countries and regions of the world come together toward policies and regulations. In other words, it is a global network where there is a better interconnection between different countries and regions. It dismantles the state barriers to trade, economic, social and politics to enhance their growth. Globalization of Good Manufacturing Practices (GMP) helps in removing the trade barriers, improve technical cooperation, improvise cost saving of testing & evaluation processes, support free market competition and information transformation. So, compliance with GMP is a necessary condition for marketing authorization because domestic and foreign producers of pharmaceutical companies cannot sell or market their drugs around the globe. While GMP compliance has not been universally adopted in the developing world, governments in less developed countries are under pressure to comply with GMP requirements when granting marketing authorizations to domestic companies and most of them have developed variety of strategies to ensure that developing countries adopt the rules. GMP requirements require major investment in upgrading manufacturing facilities and this has implications for local producers. An interesting empirical question is the impact of these changes on local markets, access to and affordability of medicines in developing countries. More importantly, pharmaceutical excipients are no longer inert materials but are effective and able to improve the characteristics of the product quality, stability, functionality, safety, solubility and acceptance of patients. Therefore, globalization of medicines supply, also enhance the importance of globalized good manufacturing practice (GMP) requirements for pharmaceutical excipients. Globalization of the medicine market motivates manufacturers especially in the developed countries to consider various pharmacopeia requirements to facilitate export of their products. In fact, globalization of the finished products supply chain elevated gradually even in the developed countries. Moreover, the current situation needs globalization of the excipients supply chain as well to improve the GMP compliance and appropriately counteract counterfeit and substandard ingredients besides lowering of the pharmaceutical excipients cost in addition to that traceability and contamination control are fundamental elements and should be revised by suppliers. Thus, Globalized Good Manufacturing Practice requirements for pharmaceutical Industries are crucial to face the impact of globalized medicines supply. This study highlights the impact of globalization of good manufacturing practice (GMP) requirements for Pharmaceutical Companies.