Kalidas Bhangare, MD, Testo India, speaks on his company’s offerings for the pharma sector and their ability to drive both, quality and compliance, in an exclusive interview with Lakshmipriya Nair
How is the Indian pharma market evolving? What are the growth opportunities opening up in the pharma sector, globally and in India?
Pharma is probably the most important and critical industry sector among others. Upcoming biopharma companies, new medicines/drugs and latest technologies are creating an infrastructural renaissance. Government of India’s Pharma Vision 2020 aims to make India a global leader in end-to-end drug manufacturing. On a global level as well, there are so many advancements that are phenomenal. As per studies, nearly 200 new drugs are forecast to be launched in the next five years, with a high number of new molecular entities (NMEs) expected to be launched annually. Artificial intelligence is becoming very prominent to achieve greater efficiency with inclusion of analytical tools and cloud technology. Innovation will also be driven by an increase in collaboration across the pharma sector where companies with different facilities come together to create more value products. R&D, testing and experiments have increased for good. So much of development in the sector ensures greater growth opportunities.
What are the trends which would shape the industry in the recent future? How poised are you to leverage these opportunities?
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