As far as sobriquets go, nothing can be nobler than the ‘pharmacy of the world’. Indian pharmaceutical companies have earned it. They supply 40% of the $70 billion generics market in the US, though it’s another matter that their dominance is under stress today. Their oversight on quality has come to pass and in spades. So, when India’s largest drug company, Sun Pharma, said last week that it had inked a long-term partnership with Samsung Biologics to manufacture its new drug, it signalled a shift.
Pills at a Price
Biopharma is Indian pharma’s next frontier. It is also its Achilles’ heel
When India’s largest drugmaker chooses to go with a Korean contract manufacturer, it’s a sign of changing times. Then, separately, comes the government with $250 million saying it wants to help. And how?
Sun Pharma last week inked a long-term partnership with Samsung Biologics to manufacture its new drug. The deal signalled a shift
Indian generics and vaccines makers have been successful in having an impact on global healthcare. Now the question is, can it be extended to biologics or will India remain a marginal player in this space
It won't happen until traditional pharma puts its might behind partnerships and stops chasing the same products
BIRAC has put $250 million on the table. More money is sure to follow if startups and big companies make it happen