Govt blamed for India's biotech probs

9 January 2001

Indian government bureaucracy and policy is to blame for the domesticbiotechnology industry's failure to generate new products, says the All-India Biotechnology Association, which calls for a complete streamlining of the regulatory and product approval system.

The commitment to funding for Indian biotechnology has become risky because the approval process is complex and time-consuming, and only one recombinant product, a hepatitis B vaccine, has been approved so far, it says. Red tape and a lack of effectiveness and transparency have discouraged private-sector investment, it says, adding that the regulatory system constitutes an almost-impossible hurdle and a major deterrent to innovation and the adoption of new technology.

This article is accessible to registered users, to continue reading please register for free.  A free trial will give you access to exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space for a week. If you are already a registered user please login. If your trial has come to an end, you can subscribe here.

Login to your account

Become a subscriber

 

£820

Or £77 per month

Subscribe Now
  • Unfettered access to industry-leading news, commentary and analysis in pharma and biotech.
  • Updates from clinical trials, conferences, M&A, licensing, financing, regulation, patents & legal, executive appointments, commercial strategy and financial results.
  • Daily roundup of key events in pharma and biotech.
  • Monthly in-depth briefings on Boardroom appointments and M&A news.
  • Choose from a cost-effective annual package or a flexible monthly subscription
The Pharma Letter is an extremely useful and valuable Life Sciences service that brings together a daily update on performance people and products. It’s part of the key information for keeping me informed

Chairman, Sanofi Aventis UK





Today's issue

Company Spotlight