Boost For India’s Generic Pharma Majors
Biocon, Dr Reddy’s and Mankind Pharma stress on development and manufacturing of biological drugs, look to cash in on a growing market.
Biocon, Dr Reddy’s and Mankind Pharma stress on development and manufacturing of biological drugs, look to cash in on a growing market.
The Indian bioeconomy has grown around tenfold in a decade and is expected to double in the next few years.
The proposal, once approved and adopted by member countries, could trigger a bigger interest in developing generic versions of biotech medicines in India.
Advocacy groups say move will ensure accessibility and affordability of mABs and other bio-therapeutics in the country.
Abu Dhabi-based sovereign wealth fund ADQ has picked up 1.80% stake in Biocon Biologics for $75 million; The company already raised $255 million from global marquee investors last year.
Upper-middle-income households becoming the biggest demographic in 2030 will drive healthcare services.
India’s third-largest generic drugmaker Lupin is focussing on building a pipeline of specialty drugs, while cutting costs and addressing regulatory concerns.
Overcoming years of criticism and gender bias, Mazumdar-Shaw has proven naysayers wrong by positioning Biocon as an Indian pioneer in the lucrative biologic drugs market.