India to promote drug research with its $600 million scheme
The Indian government has floated a scheme for the promotion of research and innovation in the pharmaceutical and medical technology sector, with an aim to reduce the country’s dependence on imports of products such as orphan drugs.
The 'new drug discovery mission' is estimated to cost the exchequer around $600 million. Nine drug manufacturers have been selected to conduct R&D in six priority areas.
The six areas are New Chemical Entity (NCE), New Biological Entity (NBE), Complex generics; Biosimilars; Orphan drugs; and Drug development for anti-microbial resistance (AMR).
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