Innovation-led Indian healthcare market to hit $320 bn by FY28: Bain
The innovation segment is dominated by pharma services (CDMO, CRO, pharma IT) and health-tech with vaccines and biotech, and med-tech emerging as green shoots
The innovation segment is dominated by pharma services (CDMO, CRO, pharma IT) and health-tech with vaccines and biotech, and med-tech emerging as green shoots
Under Satyanarayana Chava, the company has entered cutting-edge areas such as gene therapy and rare diseases.
RLI is expected to provide an extra financial cushion, in addition to the existing R&D sops available to pharmaceutical and biotech companies operating in India.
A majority of pharma stocks reported double digit negative returns, while the overall market (BSE Sensex) delivered a 9% plus return.
The domestic formulations market is expected to grow 7-9% this fiscal.
2022 will be the year of incubation for technological advancements that will shape the personalisation of healthcare and therapies for the next five decades.
In the coming year, the pharma industry will continue to reimagine itself while driving growth and boosting value.