| Topic : Clinical Trials and Research Process Outsourcing |
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Posted in Community :
Clinical Research - outsourced
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Source : http://www.business-standard.com
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3 comments
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last activity : 01 27 2011 11:49:21 +0000
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A vast, unwieldy population, a plethora of diseases, and rampant poverty: this was the picture India presented to the outside world till a while ago.
But these days the fact that India has the largest pool of patients suffering from cancer, diabetes and other maladies is leading the country to an altogether different destination: the global hub of outsourcing of clinical trials.Almost all the top names in the pharmaceutical world have zeroed-in on India, setting up clinical trail facilities in major cities, especially Hydearbad and Ahmedabad.
Accordng to FICCI, the size of the global clinical trials market was nearly $10 billion and predicted to have touched by $26 billion by 2007. "Diagnostics and lab testing outsourcing is certainly the most potential business domain. There is an excellent outsourcing opportunity to test around one million samples a year.
The drug manufacturing units are outsourcing different phases relating to development of medicine to India. In the case of diagnostics, X-rays and other procedures are done abroad and the reports by experts are written here and sent back, while in the case of lab tests,the photomicrographs are electronically sent here and the doctors send back the results.
So today all big global pharma names like Novo Nordisk, Aventis, Novartis, GlaxoSmithKline, Eli Lilly and Pfizer have begun clinical drug trials across various Indian cities. The pace for drug trials in the country is so fast that the Clinical Data Interchange Standards Consortium (CDISC), USA, a non-profit organization committed to the development of clinical research organizations' standards the world over, is looking at setting up its chapter in India.
If we look at the statisics of major pharmaceutical companies then we have very inspiring data...
Eli Lilly: The global pharmaceutical giant has 17 large and small clinical research projects running in 40 hospitals across India.
Pfizer: The pharma giant has picked up six cities in the northeastern states of India to conduct clinical trials on 300 patients on a new malaria 'cocktail' drug that combines chloroquine (to which Indian malarial strains have developed resistance) and azithromycin, an antibiotic.
Asserting that the country has bouquet of products to offer to foreign clients and attract outsourcing, There is urgent need to market our products globally. The government has to start speaking globally about diagnostics and lab work outsourcing in the same way as information technology.
But these days the fact that India has the largest pool of patients suffering from cancer, diabetes and other maladies is leading the country to an altogether different destination: the global hub of outsourcing of clinical trials.Almost all the top names in the pharmaceutical world have zeroed-in on India, setting up clinical trail facilities in major cities, especially Hydearbad and Ahmedabad.
Accordng to FICCI, the size of the global clinical trials market was nearly $10 billion and predicted to have touched by $26 billion by 2007. "Diagnostics and lab testing outsourcing is certainly the most potential business domain. There is an excellent outsourcing opportunity to test around one million samples a year.
The drug manufacturing units are outsourcing different phases relating to development of medicine to India. In the case of diagnostics, X-rays and other procedures are done abroad and the reports by experts are written here and sent back, while in the case of lab tests,the photomicrographs are electronically sent here and the doctors send back the results.
So today all big global pharma names like Novo Nordisk, Aventis, Novartis, GlaxoSmithKline, Eli Lilly and Pfizer have begun clinical drug trials across various Indian cities. The pace for drug trials in the country is so fast that the Clinical Data Interchange Standards Consortium (CDISC), USA, a non-profit organization committed to the development of clinical research organizations' standards the world over, is looking at setting up its chapter in India.
If we look at the statisics of major pharmaceutical companies then we have very inspiring data...
Eli Lilly: The global pharmaceutical giant has 17 large and small clinical research projects running in 40 hospitals across India.
Pfizer: The pharma giant has picked up six cities in the northeastern states of India to conduct clinical trials on 300 patients on a new malaria 'cocktail' drug that combines chloroquine (to which Indian malarial strains have developed resistance) and azithromycin, an antibiotic.
Asserting that the country has bouquet of products to offer to foreign clients and attract outsourcing, There is urgent need to market our products globally. The government has to start speaking globally about diagnostics and lab work outsourcing in the same way as information technology.
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3 comments on "Clinical Trials: Why India is Irresistible"
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Commented by
Swati Dutta, M.Sc student, Amity University
| 01 27 2011 11:49:21 +0000
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Dr. Siddhartha Roy, Sr Lecturer, Extol Institute of Management
| 09 01 2009 14:41:50 +0000
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Dr. Seema Goel, Head/VP/GM-Corporate Planning/Strategy, Bioinnovat Research Services PVt. Ltd
| 05 10 2008 08:30:06 +0000
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