Indian pharma sees surge in US inquiries amid Biosecure Act talks
The figures are in. 60% of listed Indian pharmaceutical companies have experienced an uptick in new business inquiries from US pharma companies due to the discussions around the US Biosecure Act.
A contrasting trend has emerged among US-based biopharma entities. Their confidence in partnering with Chinese companies has sharply declined, with a 30% to 50% drop, reports The Pharma Letter’s India correspondent.
A survey of global life sciences companies notes that the decline in confidence has severely impacted Chinese contract development and manufacturing organizations (CDMOs). Conversely, Indian pharma companies in the CDMO and contract research organization (CRO) segments, having made substantial capital investments over the past two years, are positioned to capitalise on rising order volumes once the Biosecure Act becomes law.
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