Navigation Links
India’s Biotech Companies- Jumbos Waiting to Gro

A Canadian report has come out with news that would gladden the heart of investors of Indian biotechnology companies, as well as strike fear// in the minds of their western rivals.

According to lead reporter Peter Singer of the McLaughlin-Rotman Center for Global Health in Toronto, Canada, “ India is innovating its way out of poverty and ill health".

The report published in Nature Biotechnology, covers about 21 Indian biotechnology companies.

Accordingly, Indian firms, with low wage costs, are all set to make generic drugs when those produced by big Western firms lose patent protection. In addition, they are increasingly trying to develop new drugs that could compete worldwide.

In the meanwhile, it is well known that India’s IT firms have won market share in everything from data analysis to call centers.

Says Singer: "At the moment we think of biotech in India as the baby elephant where information technology is the adult elephant. But that baby elephant is going to grow.

"Any biotech or biopharma player in the industrialized world that doesn't pay careful attention to the innovation that's happening in India ... is not taking a very strategic and global look at their business”, Singer opined.

Yet India could be both potential partner as well as competitor, says Singer, though these companies are "yet to produce a truly innovative health product with a stamp 'Made in India'".

Among successes, the report names the 1997 launch of the hepatitis B vaccine Shanvac-B by Shantha Biotechnics which had caused a tumble in prices to about $0.50 per dose from $15 for a comparable imported product.

Shantha's vaccine now makes up almost 40 percent of hepatitis B vaccines for the U.N. Children's Fund (UNICEF), distributed throughout the developing world.

The Serum Institute of India has become the nation's largest vaccine supplier and exporter, with products sold in 138 cou ntries. The company claims to be the world's largest measles vaccine maker.

The report also accounted that foreign competitors, who have sometimes tried to undercut Indian makers' prices with products such as insulin produced by Biocon, have found that Indian companies can price their items even lower.

At the same time there are also concerns that the promise of profits may divert much-needed attention away from research into diseases like tuberculosis and malaria that plague the developing world, and which western companies aren't likely to focus on.

India has the highest number of TB infections in the world with 1.8 million new cases each year, and nearly 350,000 Indians die of the disease annually. Malaria kills hundreds each year, especially in India's poor northeast region.

According to India's Association of Biotechnology Led Enterprises, the country's total biotech exports in the financial year that ended March 2006 were $763 million. Health-related biotechnology exports were nearly 75 percent of total Indian exports.

The report is expected to help set the agenda for a global meet in Toronto, where about 20 to 30 North American biotech firms and about 25 Indian, Chinese, Brazilian and African biotech firms will meet.
ANNB
'"/>




Related medicine news :

1. Launch Of India’s First Virology Course At Pun
2. More collaborations and strengthening of India’s AIDS control body require
3. India’s smallest premature baby brings immense joy to Indian parent
4. Amitabh Bachchan - India’s Superstar Undergoes Surgery
5. New Health Scheme Launched In India’s Biha
6. Stage Set For Final Hearing On India’s Biggest Ever Medical Compensation Clai
7. Minister of State For Industry Urges Corporate Sectors to help India’s Disabled Populatio
8. Tobacco Consumption By Youths Will Hamper India’s Economic Growt
9. Consumer Court Dismisses India’s Biggest Ever Medical Error Clai
10. India’s Silent Killer on the Prow
11. India’s First Full-Fledged Trauma Center Read
Post Your Comments:
*Name:
*Comment:
*Email:


(Date:6/26/2016)... ... June 26, 2016 , ... On June 10-11, 2016, A ... 2016 Cereal Festival and World’s Longest Breakfast Table in Battle Creek, MI, where the ... history as home to some of the world’s leading providers of cereal and other ...
(Date:6/26/2016)... ... June 26, 2016 , ... ... have been diagnosed with endometriosis. These women need a treatment plan to not ... comprehensive approach that can help for preservation of fertility and ultimately achieving a ...
(Date:6/25/2016)... (PRWEB) , ... June 25, 2016 , ... "With 30 ... their specific project," said Christina Austin - CEO of Pixel Film Studios. , ... and all within Final Cut Pro X . Simply select a ProHand generator ...
(Date:6/25/2016)... , ... June 25, 2016 , ... On Friday, June ... a Bronze Wellness at Work award to iHire in recognition of their exemplary accomplishments ... of the 7th annual Maryland Workplace Health & Wellness Symposium at the BWI Marriott ...
(Date:6/24/2016)... ... , ... June 19, 2016 is World Sickle Cell Observance Day. In an ... of holistic treatments, Serenity Recovery Center of Marne, Michigan, has issued a ... Cell Disease (SCD) is a disorder of the red blood cells, which can cause ...
Breaking Medicine News(10 mins):
(Date:6/24/2016)... 2016 Research and Markets ... Electronics 2015-2025: Applications, Technologies, Forecasts" report to ... In-Mold Electronics, Smart Skin, Structural Health Monitoring, Composite ... Structural electronics involves electronic and/or electrical components and ... dumb structures such as vehicle bodies or conformally ...
(Date:6/24/2016)... -- According to a new market research ... Safety Pen Needles), Needle Length (4mm, 5mm, 6mm, 8mm, ... Purchase (Retail, Non-Retail) - Trends & Global Forecasts to ... for the forecast period of 2016 to 2021. This ... 2021 from USD 1.65 Billion in 2016, growing at ...
(Date:6/23/2016)... 23, 2016 Research and Markets has ... - Forecast to 2022" report to their offering. ... for the patients with kidney failure, it replaces the function ... the patient,s blood and thus the treatment helps to keep ... in balance. Increasing number of ESRD patients ...
Breaking Medicine Technology: