1
00:00:00,000 --> 00:00:03,311
[MUSIC PLAYING]

2
00:00:03,311 --> 00:00:06,160


3
00:00:06,160 --> 00:00:10,520
Pharmaceuticals is
our family business.

4
00:00:10,520 --> 00:00:15,290
In India, I was
an FDA inspector.

5
00:00:15,290 --> 00:00:22,250
And my duty was to assure that
the people get the quality

6
00:00:22,250 --> 00:00:22,750
drugs.

7
00:00:22,750 --> 00:00:25,400


8
00:00:25,400 --> 00:00:28,280
I believed from my
childhood that integrity

9
00:00:28,280 --> 00:00:31,700
is the way of living.

10
00:00:31,700 --> 00:00:35,800
So we always lived
with ethical practices,

11
00:00:35,800 --> 00:00:37,940
not believing in easy money.

12
00:00:37,940 --> 00:00:43,400
And I taught my two boys
that if you were honest

13
00:00:43,400 --> 00:00:49,050
and if you will work hard,
then you will get the fruits.

14
00:00:49,050 --> 00:00:51,210
So we only came with $20--

15
00:00:51,210 --> 00:00:52,160
$20

16
00:00:52,160 --> 00:00:53,640
--to this country.

17
00:00:53,640 --> 00:00:56,070
We're going to America
only with one condition--

18
00:00:56,070 --> 00:00:58,860
that we have to go there,
work hard, educate ourselves,

19
00:00:58,860 --> 00:01:00,000
and make it on our own.

20
00:01:00,000 --> 00:01:01,260
We all started working.

21
00:01:01,260 --> 00:01:05,110
I had a job on my third
day in New York City

22
00:01:05,110 --> 00:01:06,570
at Helmsley Palace Hotel.

23
00:01:06,570 --> 00:01:07,770
That was a fun experience.

24
00:01:07,770 --> 00:01:10,590
When I started working
here in New York City,

25
00:01:10,590 --> 00:01:13,935
my brother got me a job in
a candy store at age of 15.

26
00:01:13,935 --> 00:01:17,290


27
00:01:17,290 --> 00:01:21,470
So I was a pharmacist
from 1994 to 2002.

28
00:01:21,470 --> 00:01:25,550
And as a pharmacist, number
one thing is our customers.

29
00:01:25,550 --> 00:01:28,880
Back then in '90s, the
generic drug access

30
00:01:28,880 --> 00:01:31,760
was not available to
the American consumers.

31
00:01:31,760 --> 00:01:36,740
Our substitution rate of generic
drug was between 30% to 40%

32
00:01:36,740 --> 00:01:37,790
only.

33
00:01:37,790 --> 00:01:42,980
So average seniors take about
seven to eight prescriptions

34
00:01:42,980 --> 00:01:46,220
every month, which
adds up to $400--

35
00:01:46,220 --> 00:01:50,000
$500 per month for
every senior citizen.

36
00:01:50,000 --> 00:01:53,480
Towards the end of the month
when the seniors had a cash

37
00:01:53,480 --> 00:01:56,300
crunch, they would come
to our pharmacy store.

38
00:01:56,300 --> 00:01:59,390
And they would ask, can you
please lend me a few tablets,

39
00:01:59,390 --> 00:02:02,520
so I can go for next
four or five days.

40
00:02:02,520 --> 00:02:05,690
And once I get my check,
I will give you the money.

41
00:02:05,690 --> 00:02:08,660
And to tell you truthfully,
that was really heart touching.

42
00:02:08,660 --> 00:02:11,120
That brought tears
to my eyes when

43
00:02:11,120 --> 00:02:14,660
I saw that kind of struggle
in the most powerful country

44
00:02:14,660 --> 00:02:15,740
of the world.

45
00:02:15,740 --> 00:02:20,930
And I would say that was one
of the triggering point for us

46
00:02:20,930 --> 00:02:23,000
as a family to get
into the generic space.

47
00:02:23,000 --> 00:02:25,910


48
00:02:25,910 --> 00:02:29,690
We saw a purpose to start a
business because that purpose

49
00:02:29,690 --> 00:02:31,250
was very, very important.

50
00:02:31,250 --> 00:02:34,520
That created a passion
that gave us the drive

51
00:02:34,520 --> 00:02:36,750
to do what we wanted to do.

52
00:02:36,750 --> 00:02:39,860
Amneal's journey was
all about bringing out

53
00:02:39,860 --> 00:02:42,530
as many generic
products as possible.

54
00:02:42,530 --> 00:02:44,870
Many drugs where the
generics are not available,

55
00:02:44,870 --> 00:02:47,570
we have invested a lot of money
to bring first time generics

56
00:02:47,570 --> 00:02:48,470
to the market.

57
00:02:48,470 --> 00:02:50,120
How do we get to
the products which

58
00:02:50,120 --> 00:02:54,560
is not available to
the American consumers?

59
00:02:54,560 --> 00:02:58,291
So Amneal was a
very tiny company--

60
00:02:58,291 --> 00:03:03,590
a few hundred thousand
dollars in revenue in 2006.

61
00:03:03,590 --> 00:03:07,340
And then we have grown today
to over a billion dollars,

62
00:03:07,340 --> 00:03:11,060
which is the fastest
growth in our sector.

63
00:03:11,060 --> 00:03:17,260
And that growth is credited
to creating the science

64
00:03:17,260 --> 00:03:22,790
and infrastructure and bringing
the talent-- science talent--

65
00:03:22,790 --> 00:03:26,610
to execute projects we took on.

66
00:03:26,610 --> 00:03:30,720
The success we have, I don't
think it's possible anywhere

67
00:03:30,720 --> 00:03:32,790
in the world than America.

68
00:03:32,790 --> 00:03:37,530
We had no hindrance starting
a business from day one.

69
00:03:37,530 --> 00:03:42,910
Our country provides the
best opportunity for anybody

70
00:03:42,910 --> 00:03:49,010
to grow because our system
is set to support that.

71
00:03:49,010 --> 00:03:55,330
At Amneal, we're always focused
on keeping the entire family

72
00:03:55,330 --> 00:03:56,710
together--

73
00:03:56,710 --> 00:04:02,420
the owner-operated company--
the culture we have created--

74
00:04:02,420 --> 00:04:06,340
that people take
responsibility of what they do.

75
00:04:06,340 --> 00:04:10,230
And with that,
comes innovations.

76
00:04:10,230 --> 00:04:12,310
The future is so
bright for Amneal.

77
00:04:12,310 --> 00:04:14,260
The engine is ready to take off.

78
00:04:14,260 --> 00:04:18,290
We have so much horsepower left
that it's just the beginning.

79
00:04:18,290 --> 00:04:20,269
We have just
scratched the surface.

80
00:04:20,269 --> 00:04:23,780
We have so much to do in
many, many complex area.

81
00:04:23,780 --> 00:04:25,840
Our pipeline is very robust.

82
00:04:25,840 --> 00:04:29,350
And we are very confident with
the infrastructure and the R&D,

83
00:04:29,350 --> 00:04:32,830
and the people that we have,
that Amneal's future is

84
00:04:32,830 --> 00:04:34,660
brighter than ever.

85
00:04:34,660 --> 00:04:37,520
Our family's the heart
and soul of Amneal.

86
00:04:37,520 --> 00:04:40,570
[MUSIC PLAYING]

87
00:04:40,570 --> 00:04:43,072