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Experimentation with strategy and the evolution of dynamic capability in the Indian pharmaceutical sector

Athreye, S   Kale, D   Ramani, SV

Industrial and Corporate Change   18 (4) 729-759

June 2009   (First published online June 2009)

Research at Innogen: Innovation, Development and Global Health: Scientific Labour Markets ...

This article demonstrates that radical regulatory changes can be tantamount to technological revolutions by studying Indian pharmaceutical firms. It shows that radical regulatory changes such as the Indian Patent Act of 1970, the New Industrial Policy of 1991 and the signing of TRIPS (Trade Related Intellectual Property Rights System) in 1995 served to open up new economic opportunities and constraints in the wake of which the winners and losers were selected as a function of the dynamic firm capabilities most appropriate for the new market environment.