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What Pharma CEOs, PEs Want To Move The Innovation Needle In India

 
• By Anju Ghangurde

Leaders of biopharma and private equity firms at a recent conference sought a robust domestic market and reimbursement mechanism to propel the innovation ecosystem in India, drawing parallels with the framework that aided China's ascent in the R&D value chain. Alongside, regulatory reform is also pivotal, they stressed.

Pharma CEOs, PEs Discuss Key Elements To Catalyse Innovation In India • Source: Shutterstock

Industry heads at a recent conclave discussed some of the key issues weighing on India’s ascent up the innovation value chain including the criticality of a robust domestic market for novel products, an effective reimbursement mechanism and regulatory reform as part of developing the overall ecosystem.

Glenmark Pharmaceuticals Limited’s chairman and managing director Glenn Saldanha emphasized that the government needs to play an important role...

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