Goa News: India’s Evolution as the Global Pharmacy Through Generics
Goa Latest News: India’s Pharmaceutical Revolution
India’s position as the pharmacy of the world is underscored by its focus on generics. According to Dr. Madhu Dikshit, former director of CDRI, this sector has significantly enhanced drug accessibility for all income classes.
Historical Insights into Drug Discovery
- The generic era from 1947–1990s played a pivotal role in drug production.
- The 1970 Patent Act facilitated affordable technologies for synthesizing out-of-patent molecules.
Role of Government in Pharmaceuticals
Government labs have streamlined drug discovery and development which is cost-effective and safe.Private companies typically incur exorbitant costs from research to marketing.
Future of Pharma in India
International companies have partnered with local labs to foster technological advancements. With AI integration, India is progressing towards multidisciplinary pharmaceutical research to tackle diseases like cancer and rare conditions.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.