Indian pharma industry capable of discovering new drugs, says Sun Pharma's Dilip Shanghvi
Advertisement
HYDERABAD: Indian pharma industry is capable of discovering at least a couple of new drugs in the next 10 years, Sun Pharma Industries founder and managing director Dilip Shanghvi said today.
He, however, cautioned that the industry should gear up to strengthen the core areas such as clinical development and research capabilities.
"India has enormous opportunity to discover drugs but there are a few areas where we need to strengthen our capabilities - especially in the area of biology and clinical development.
"I am sure within next 10 years, we will have new drugs from Indian firms as well," Shanghvi said at the symposium 'DRILS Synergy 2015' organised by the Dr Reddy's Institute of Life Sciences (DRILS).
He said Indian Pharma companies including Sun Pharma are setting up labs abroad due to lack of expertise in India in the areas necessary.
Later speaking to reporters, GV Prasad - Dr Reddy's Laboratories co-chairman and chief executive officer said DRILS, which was incorporated in 2004, is working with over 20 pharma companies from India as well as abroad in their research projects.
DRILS will step up its focus on collaboration with start-ups besides big corporates in research, Prasad said.
Akella Venkateswarlu, Founder-Director of DRILS, said the institute is ready to offer solution-focussed research to industry in life sciences, drug discovery and product development.
According to him, DRILS focuses mainly focusing on the areas of metabolic disorders, immunology and zebra fish biology.
He, however, cautioned that the industry should gear up to strengthen the core areas such as clinical development and research capabilities.
"India has enormous opportunity to discover drugs but there are a few areas where we need to strengthen our capabilities - especially in the area of biology and clinical development.
"I am sure within next 10 years, we will have new drugs from Indian firms as well," Shanghvi said at the symposium 'DRILS Synergy 2015' organised by the Dr Reddy's Institute of Life Sciences (DRILS).
He said Indian Pharma companies including Sun Pharma are setting up labs abroad due to lack of expertise in India in the areas necessary.
Later speaking to reporters, GV Prasad - Dr Reddy's Laboratories co-chairman and chief executive officer said DRILS, which was incorporated in 2004, is working with over 20 pharma companies from India as well as abroad in their research projects.
DRILS will step up its focus on collaboration with start-ups besides big corporates in research, Prasad said.
Akella Venkateswarlu, Founder-Director of DRILS, said the institute is ready to offer solution-focussed research to industry in life sciences, drug discovery and product development.
According to him, DRILS focuses mainly focusing on the areas of metabolic disorders, immunology and zebra fish biology.
Our comments section is governed by our Comments Policy . By posting comments at Medical Dialogues you automatically agree with our Comments Policy , Terms And Conditions and Privacy Policy .
Disclaimer: This website is primarily for healthcare professionals. The content here does not replace medical advice and should not be used as medical, diagnostic, endorsement, treatment, or prescription advice. Medical science evolves rapidly, and we strive to keep our information current. If you find any discrepancies, please contact us at corrections@medicaldialogues.in. Read our Correction Policy here. Nothing here should be used as a substitute for medical advice, diagnosis, or treatment. We do not endorse any healthcare advice that contradicts a physician's guidance. Use of this site is subject to our Terms of Use, Privacy Policy, and Advertisement Policy. For more details, read our Full Disclaimer here.
NOTE: Join us in combating medical misinformation. If you encounter a questionable health, medical, or medical education claim, email us at factcheck@medicaldialogues.in for evaluation.