Generics, Ozempic & The Fear Holding India Back | WTF is Pharma? | Trailer artwork

Generics, Ozempic & The Fear Holding India Back | WTF is Pharma? | Trailer

People by WTF

June 9, 2026

I always assumed India was becoming the pharmacy of the world, until this conversation made me sit with the sharper truth that we're the generic pharmacy of the world, and from there we got into whether China really killed our API industry or whether Indians still quietly lead it, why a drug like...
Speakers: Nikhil Kamath
**Nikhil Kamath** (0:00)
Can we do another digression? I want to take a science lesson on what is API, what is small molecule, what is big molecule.

**SPEAKER_2** (0:07)
I talk from a business point of view, you talk from a science point of view. This is rules, no?

**Nikhil Kamath** (0:11)
I talk from the idiot point of view.

**SPEAKER_2** (0:13)
No, no. Going forward, I mean, this is going to play a big role.

**Nikhil Kamath** (0:32)
Diagnostics, yeah?

**SPEAKER_2** (0:32)
Home diagnostics. We are not the pharmacy of the world, we are the generic pharmacy of the world.

**Nikhil Kamath** (0:40)
You have to eliminate fear. India has too much fear in entrepreneurship.
When people say API industry is controlled by China, India doesn't have it, what do they mean?

**SPEAKER_2** (1:03)
I don't agree with that. Prasad, how do you think that API industry of India has been killed by China? They have not been killed, by the way.
I'm not going to buy that argument also.

**Nikhil Kamath** (1:11)
I think Indians still live. This is a big one, Semaglutide, what is the story? Are you for it or against it?

**SPEAKER_2** (1:28)
I'm for it. So whenever a product becomes super hit, it is being abused. In pharma industry, nobody talks like this. I think we all are bound by the ethics of running a prescription-driven business. Please, don't take it personally.
Not personally, I mean in the industry, that's why I'm protecting that.

**Nikhil Kamath** (1:53)
A lot of my friends in the US especially, are feeling very gangu about hospitals in India. Is that justified?

**SPEAKER_2** (2:01)
What's your answer? You know it very well.

**Nikhil Kamath** (2:04)
People are buying.

**SPEAKER_2** (2:05)
Not people buy, but what is your answer?

**Nikhil Kamath** (2:08)
I don't know, I'm conflicted.

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