Comments by "Frostie-Flake" (@PlanetFrosty) on "India's Pharmaceutical Success" video.

I’m glad you covered this opportunity. Both Taiwan and Thailand have good medical care and I find it interesting how both are also dabbling in drug discovery. I personally think both have opportunities. I’ve respect for medical care in both. The Chinese dependence is an issue, and now Thailand is taking a much stronger position against China seeking new ties with US and wanting to buy F-35s while canceling Chinese orders.
12
There are two factors here: 1. Big Pharma greed and manipulation. 2. Using the US high prices to subsidize many other countries. Give India time and corruption will destroy Indian Pharma. I hope I’m wrong, but I just watched it happen again in Telecom and poor Indians were the ones hurt. It will be a little while before the stupidity is obvious. I hope it doesn’t happen, but convoluted Government issues and corruption have been disastrous holding India back.
5
@sudiptaadhikary2044 US citizens subsidize the rest of the world on Pharma, but there are problems in the industry as well.
3
@sophisticatedthumb5364 China tried to deliver submarines without engines. Thailand has gotten little from China except cheap consumer products and tourist business and the B&R deals were not acceptable. So there there was little playing. Thailand wants to buy the F-35s awaiting approvals. They want my company to build a new facility there, but we’ll see.
2
I think India has such great opportunity, but so many times in the cusp of great success it’s stolen away by foolish moves by government policy, corruption or other greed. I certainly agree with medical and I think there is even greater opportunity. We were in the middle of telecom/semiconductor negotiations when foolish moves killed opportunity. In Thailand they do have supplemental insurance that’s quite affordable, with private hospital systems.
2
Indian Pharma would not exist without Western support and development. It is subsidized at this point, but reality is if Indian Government and corruption can screw thongs up, it will. I hate to say that, but it comes from experience. India could have been a powerhouse decades ago, but it gets bound up. Let’s hope Pharma does not end up the same way.
2
@浦和-f5y Then China stabbed in back like Taiwan and India and so many more...same old corrupt story...
1
I’m the guy that is taking down Tencent that stole IP from me! That’s who I am! The party is just getting started on global lawsuits.
1
@浦和-f5y play stupid games win stupid prizes. Neither China or Russia are “super powers” in the fullest sense. Not to say there are serious issues to address in the US, but systemic top to bottom corruption plagues both of them. We tend to get issues with primary contractor cost over runs and so on, but not the same issues top to bottom as China and Russia.
1
@4xello199 yes, but that is not available universally in India. It’s boutique medical business.
1
I don’t disagree with you, BUT US consumers/insurers are paying for that cheap product because universal health care countries are getting subsidized breaks. India has benefited from development then taken internally and breaking patents. This is still using the US Consuner to finance India…and Japan and EU. HOWEVER, drug companies are also able to fight back and create a different development model. So no excuses for big pharma either. India could and is harming part of its drug development business just like US big pharma is. Only this is from a country perspective.
1
India has shoot its self in the foot in telecom a few months back killing fiber build out of Jio and doubling rates. The funding and tax models have hurt the rise and development of a people out of poverty and middle class. Now Cryptocurrency tax drove developers to other SE Asia markets and USA along with new fiber development group out of India three months ago. Both corruption and crazy taxation seem to collapse India on the cusp of break put success. At least pharma is solid for now.
1