Just
a decade ago, the contours of the Indian biotech industry began to
emerge with the entry of dozens of promising start-ups. Companies in
this segment have to be long term players due to the long gestation
periods involved product discovery, development, regulatory approvals
and marketing.
Yet, within a decade many of these start-ups have taken tentative steps
to remove the shackles of geography and look at the world itself as
their playground. The boundaries of India need not limit their
ambitions, was the refrain. The baby steps have turned into significant
leaps for many of the biotech companies.
The growing trend of the presence of Indian biotech industry, still
very small in the global context, on foreign shores has been attracting
some attention in recent months. Who are the players who have boldly
ventured out of India in recent years? What is their motive? How do
these companies views these foreign forays, both strategically and
tactically? The Cover Story – 'India Biotech Goes Global' in this issue
of
BioSpectrum has tried to
capture the essence the wanderlust of Indian biotech companies in a
small way. We have featured nearly a dozen companies and this is the
not exhaustive list of those who have found fame and fortune outside
India. Many more active players like Jubilant Life Sciences, Bharat
Biotech, Shantha Biotechniques, and many BioAgri companies too who are
not part of the coverage in this issue, too have made significant
strides. We hope to have a sequel to this report in the subsequent
issues.
One thing is clear from this trend. Biotech companies will not limit
their footprint to just India and will look outward all the time for
the right opportunities. For some like Biocon, the Malaysian foray is
critical to come to speed on its expansion plans and the national
government there has wooed the company with the best in class
infrastructure it was looking for and was not available within India.
But is it third time lucky for the ambitious Bangalore Helix project to
build a big biotech park in Bangalore? Things are moving again related
to the phase 2 of Bangalore’s biotech park, Bangalore Helix. The
Karnataka government agency spearheading the project has received
interest from five companies to handle the construction of the proposed
300,000 sq ft facility. Five years ago, the bidding process came to a
standstill as only one company was left in the fray in the final
stages. The second attempt two years during the economic downturn drew
a blank.
If the private sector in biotech is looking outward, can the government
be far behind in trying to leave behind its biotech mark globally?
Certainly, the Indian government is attempting to do this in an
interesting way. The chosen way is the introduce a new terminology for
biological products which resemble the original innovator products.
The Review Committee on Genetic Manipulation in the Department of
Biotechnology has proposed a new name, “similar biologics” to describe
what is generally now known as biosimilars. In the conventional pharma
industry, the products similar to the chemistry based drugs called
generics. In biotech, these are called biogenerics or follow on
biologics in the US, ‘subsequent entry biologics’ in Canada. India
proposes to call these off-patented biotech drugs ‘similar biologics.’
With the rise of India in the global arena as an economic firehouse, I
am sure, the Indian contribution of ‘similar biologics’ will soon
become equally acceptable to the biotech ecosystem globally in a very
short time.
Narayanan Suresh
Group Editor
sureshn@cybermedia.co.in