WEBVTT 00:00:00.000 --> 00:00:03.311 align:middle line:90% [MUSIC PLAYING] 00:00:03.311 --> 00:00:06.160 align:middle line:90% 00:00:06.160 --> 00:00:10.520 align:middle line:84% Pharmaceuticals is our family business. 00:00:10.520 --> 00:00:15.290 align:middle line:10% In India, I was an FDA inspector. 00:00:15.290 --> 00:00:22.250 align:middle line:84% And my duty was to assure that the people get the quality 00:00:22.250 --> 00:00:22.750 align:middle line:90% drugs. 00:00:22.750 --> 00:00:25.400 align:middle line:90% 00:00:25.400 --> 00:00:28.280 align:middle line:84% I believed from my childhood that integrity 00:00:28.280 --> 00:00:31.700 align:middle line:90% is the way of living. 00:00:31.700 --> 00:00:35.800 align:middle line:10% So we always lived with ethical practices, 00:00:35.800 --> 00:00:37.940 align:middle line:10% not believing in easy money. 00:00:37.940 --> 00:00:43.400 align:middle line:84% And I taught my two boys that if you were honest 00:00:43.400 --> 00:00:49.050 align:middle line:84% and if you will work hard, then you will get the fruits. 00:00:49.050 --> 00:00:51.210 align:middle line:90% So we only came with $20-- 00:00:51.210 --> 00:00:52.160 align:middle line:90% $20 00:00:52.160 --> 00:00:53.640 align:middle line:90% --to this country. 00:00:53.640 --> 00:00:56.070 align:middle line:10% We're going to America only with one condition-- 00:00:56.070 --> 00:00:58.860 align:middle line:10% that we have to go there, work hard, educate ourselves, 00:00:58.860 --> 00:01:00.000 align:middle line:10% and make it on our own. 00:01:00.000 --> 00:01:01.260 align:middle line:10% We all started working. 00:01:01.260 --> 00:01:05.110 align:middle line:10% I had a job on my third day in New York City 00:01:05.110 --> 00:01:06.570 align:middle line:10% at Helmsley Palace Hotel. 00:01:06.570 --> 00:01:07.770 align:middle line:10% That was a fun experience. 00:01:07.770 --> 00:01:10.590 align:middle line:84% When I started working here in New York City, 00:01:10.590 --> 00:01:13.935 align:middle line:84% my brother got me a job in a candy store at age of 15. 00:01:13.935 --> 00:01:17.290 align:middle line:90% 00:01:17.290 --> 00:01:21.470 align:middle line:84% So I was a pharmacist from 1994 to 2002. 00:01:21.470 --> 00:01:25.550 align:middle line:84% And as a pharmacist, number one thing is our customers. 00:01:25.550 --> 00:01:28.880 align:middle line:84% Back then in '90s, the generic drug access 00:01:28.880 --> 00:01:31.760 align:middle line:84% was not available to the American consumers. 00:01:31.760 --> 00:01:36.740 align:middle line:84% Our substitution rate of generic drug was between 30% to 40% 00:01:36.740 --> 00:01:37.790 align:middle line:90% only. 00:01:37.790 --> 00:01:42.980 align:middle line:84% So average seniors take about seven to eight prescriptions 00:01:42.980 --> 00:01:46.220 align:middle line:84% every month, which adds up to $400-- 00:01:46.220 --> 00:01:50.000 align:middle line:84% $500 per month for every senior citizen. 00:01:50.000 --> 00:01:53.480 align:middle line:84% Towards the end of the month when the seniors had a cash 00:01:53.480 --> 00:01:56.300 align:middle line:84% crunch, they would come to our pharmacy store. 00:01:56.300 --> 00:01:59.390 align:middle line:84% And they would ask, can you please lend me a few tablets, 00:01:59.390 --> 00:02:02.520 align:middle line:84% so I can go for next four or five days. 00:02:02.520 --> 00:02:05.690 align:middle line:84% And once I get my check, I will give you the money. 00:02:05.690 --> 00:02:08.660 align:middle line:84% And to tell you truthfully, that was really heart touching. 00:02:08.660 --> 00:02:11.120 align:middle line:84% That brought tears to my eyes when 00:02:11.120 --> 00:02:14.660 align:middle line:84% I saw that kind of struggle in the most powerful country 00:02:14.660 --> 00:02:15.740 align:middle line:90% of the world. 00:02:15.740 --> 00:02:20.930 align:middle line:84% And I would say that was one of the triggering point for us 00:02:20.930 --> 00:02:23.000 align:middle line:84% as a family to get into the generic space. 00:02:23.000 --> 00:02:25.910 align:middle line:90% 00:02:25.910 --> 00:02:29.690 align:middle line:10% We saw a purpose to start a business because that purpose 00:02:29.690 --> 00:02:31.250 align:middle line:10% was very, very important. 00:02:31.250 --> 00:02:34.520 align:middle line:84% That created a passion that gave us the drive 00:02:34.520 --> 00:02:36.750 align:middle line:90% to do what we wanted to do. 00:02:36.750 --> 00:02:39.860 align:middle line:84% Amneal's journey was all about bringing out 00:02:39.860 --> 00:02:42.530 align:middle line:84% as many generic products as possible. 00:02:42.530 --> 00:02:44.870 align:middle line:84% Many drugs where the generics are not available, 00:02:44.870 --> 00:02:47.570 align:middle line:84% we have invested a lot of money to bring first time generics 00:02:47.570 --> 00:02:48.470 align:middle line:90% to the market. 00:02:48.470 --> 00:02:50.120 align:middle line:84% How do we get to the products which 00:02:50.120 --> 00:02:54.560 align:middle line:84% is not available to the American consumers? 00:02:54.560 --> 00:02:58.291 align:middle line:84% So Amneal was a very tiny company-- 00:02:58.291 --> 00:03:03.590 align:middle line:84% a few hundred thousand dollars in revenue in 2006. 00:03:03.590 --> 00:03:07.340 align:middle line:84% And then we have grown today to over a billion dollars, 00:03:07.340 --> 00:03:11.060 align:middle line:84% which is the fastest growth in our sector. 00:03:11.060 --> 00:03:17.260 align:middle line:84% And that growth is credited to creating the science 00:03:17.260 --> 00:03:22.790 align:middle line:84% and infrastructure and bringing the talent-- science talent-- 00:03:22.790 --> 00:03:26.610 align:middle line:90% to execute projects we took on. 00:03:26.610 --> 00:03:30.720 align:middle line:84% The success we have, I don't think it's possible anywhere 00:03:30.720 --> 00:03:32.790 align:middle line:90% in the world than America. 00:03:32.790 --> 00:03:37.530 align:middle line:84% We had no hindrance starting a business from day one. 00:03:37.530 --> 00:03:42.910 align:middle line:84% Our country provides the best opportunity for anybody 00:03:42.910 --> 00:03:49.010 align:middle line:84% to grow because our system is set to support that. 00:03:49.010 --> 00:03:55.330 align:middle line:10% At Amneal, we're always focused on keeping the entire family 00:03:55.330 --> 00:03:56.710 align:middle line:10% together-- 00:03:56.710 --> 00:04:02.420 align:middle line:10% the owner-operated company-- the culture we have created-- 00:04:02.420 --> 00:04:06.340 align:middle line:10% that people take responsibility of what they do. 00:04:06.340 --> 00:04:10.230 align:middle line:84% And with that, comes innovations. 00:04:10.230 --> 00:04:12.310 align:middle line:84% The future is so bright for Amneal. 00:04:12.310 --> 00:04:14.260 align:middle line:90% The engine is ready to take off. 00:04:14.260 --> 00:04:18.290 align:middle line:84% We have so much horsepower left that it's just the beginning. 00:04:18.290 --> 00:04:20.269 align:middle line:84% We have just scratched the surface. 00:04:20.269 --> 00:04:23.780 align:middle line:84% We have so much to do in many, many complex area. 00:04:23.780 --> 00:04:25.840 align:middle line:90% Our pipeline is very robust. 00:04:25.840 --> 00:04:29.350 align:middle line:84% And we are very confident with the infrastructure and the R&D, 00:04:29.350 --> 00:04:32.830 align:middle line:84% and the people that we have, that Amneal's future is 00:04:32.830 --> 00:04:34.660 align:middle line:90% brighter than ever. 00:04:34.660 --> 00:04:37.520 align:middle line:84% Our family's the heart and soul of Amneal. 00:04:37.520 --> 00:04:40.570 align:middle line:90% [MUSIC PLAYING] 00:04:40.570 --> 00:04:43.072 align:middle line:90%