Category: Industry Overview
In this, gloomy economic climate, govt is promoting public-private partnership in smaller pharma firms to boost R&D activities. Govt. may set up a concept fund to support with tie-up from IDBI. This move is a part of govt.’s plan to invest $1 billion to 2 billion every year till 2020 to promote pharma industry. This will help in pooling of common resources and bring talent and churn out more compounds from the Indian R&D pipeline.