The pace of development of new antibacterial drugs has not kept up with the growing resistance to them. Antibiotics and other antimicrobials play a critical role in reducing morbidity and mortality in both humans and animals. However, as bacteria, viruses, fungi and parasites gradually mutate, new strains of micro-organisms develop that become resistant to these…
Some of the initiatives taken by the Government to promote the pharmaceutical sector in India are as follows: As per the Union Budget 2022-23: Rs. 3,201 crore (US$ 419.2 million) has been set aside for research and Rs. 83,000 crore (US$ 10.86 billion) has been allocated for the Ministry of Health and Family Welfare. Rs.…
According to the Indian Economic Survey 2021, the domestic market is expected to grow 3x in the next decade. India’s domestic pharmaceutical market stood at US$ 42 billion in 2021 and is likely to reach US$ 65 billion by 2024 and further expand to reach US$ 120-130 billion by 2030. India’s biotechnology industry comprises biopharmaceuticals,…