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i3- Way forward for Pharma Industry
Innovation has become the cornerstone for transforming economies. Innovation is crucial for enabling productivity gains, a more diversified productive base and more sustainable production and consumption patterns in developing countries. Innovation is the driving force for the progress of any country.
When it comes to innovation in the development of new drugs and therapeutic biological products, pharma companies across the globe are taking all the necessary initiatives. The availability of new drugs and biological products brings new treatment options for patients and advances in health care for the public. Despite having technical capacity and vast talent pool, India’s role in novel drug discoveries has been quite limited. This calls for efforts to intensify innovations in India (i3) within the pharma sector.