COVID-19 PANDEMIC A CURSE OR BOOM FOR THE PHARMACEUTICAL INDUSTRY

Abstract

COVID-19 has led to various economic issues which becomes worse for the whole of the world specially for the underdeveloped country because of the lack of resources. To comeback this situation there is involvement of Government,Banks, Managerial Personnel and get take assistance from various agencies in solving pandemic situation. To grow the Healthcare facilities in the country there are various relaxations provided by the Government and Health Ministry for the growth and innovations and further development of the Pharmaceutical Industry. To meet the huge demand of vaccines, medicines and health equipment there is requirement to change in the techniques of production of drugs during COVID-19 of Pharmaceutical Industry. Various Acts and Amendments played the important role in supporting the Pharmaceutical Industry. There are also various current trends in Pharmaceutical industry like Changes created by digital technology, Integrated batch processing, Use of Artificial Intelligence, Use of Cloud Technology and other. There are various conclusions and suggestions for the upliftment of Pharmaceutical industry as the current needs of time.