AIOCDAll India Organisation of Chemists and Druggists
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AIOCD AWACS is a research organization that has evolved into an IT infrastructure player in pharma distribution and retail with an aim to cut time and improve accuracy of pharmaceutical companies.
Citing AIOCD AWACS, a Nomura analysts said secondary sales (sales from stockists to retailers) for the pharma market in October has come down to -1.7% year-on-year, after recording a sales decline of 1.8% in September, while the volume growth slumped by 6.3%.
The AIOCD AWACS, an entity that tracks retail pharma sales, put the cumulative annual sale of medicines at Rs 1 lakh crore.
There has also been the impact of pricing pressures both in the US - partly due to heightened competition among generic firms and mergers among large wholesalers procuring generic drugs - and in India following price control measures imposed by the government." AIOCD AWACS, which tracks pharmaceutical retail sales in India, says, as of September 2016, the actual impact of the price control measures "would vary for each company, but the average value loss for all Indian pharma companies has been to the tune of 0.9 per cent of their domestic sales".
Data from AIOCD AWACS, a pharmaceutical market research company, show that in India, the legacy brands of Ranbaxy have been growing faster than the industry average after the takeover.
Currently, India is estimated to have over 500,000 medical shops and most of them are unionised under one association, the All India Organisation of Chemists and Druggists (AIOCD).
Internet pharmacy is a reality in modern era" When Internet pharmacies became a reality and started enrolling retail shops as their partners, AIOCD was the first to initiate strong opposition.
The last time sales growth was poor was in November 2015 (9.1 per cent)," says a report by AIOCD AWACS, which tracks pharmaceutical retail sales in India.
Shinde, President, All India Organisation of Chemists and Druggists (AIOCD), which has 5.5 lakh medical shops registered as members.