The signs are clear that India is seeing a big rise in pharmaceutical R&D investment, reports The Pharma Letter’s India correspondent.
Multinational drug company Mylan (Nasdaq: MYL) is set to invest $6 billion on capex in India to incentivize R&D activity; biotech major Biocon (BSE: 532523) acquired Chennai-based R&D facility from Pfizer (NYSE: PFE) through its subsidiary Biocon Biologics; Lupin (BSE: 500257) signing a $700 million licensing, development and commercialization agreement with Germany’s Boehringer Ingelheim to develop and commercialize one of its lead MEK inhibitors - all the signs show Indian drug companies moving up the value chain, transforming into complex generic manufacturers with high-end R&D facilities.
With the Indian government said to be considering removing drugs using locally-manufactured active pharmaceutical ingredients (APIs) from price control, leading players are accelerating their drug discovery efforts, seeking to build a robust research pipeline.
This article is accessible to registered users, to continue reading please register for free. A free trial will give you access to exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space for a week. If you are already a registered user please login. If your trial has come to an end, you can subscribe here.
Login to your accountTry before you buy
7 day trial access
Become a subscriber
Or £77 per month
The Pharma Letter is an extremely useful and valuable Life Sciences service that brings together a daily update on performance people and products. It’s part of the key information for keeping me informed
Chairman, Sanofi Aventis UK
Copyright © The Pharma Letter 2024 | Headless Content Management with Blaze