About My Health Careers Internship MedBlogs Contact us
Medindia LOGIN REGISTER
Advertisement

Bpos Get New Growth Pill; Pharma Mncs Come Calling

by Medindia Content Team on June 12, 2006 at 5:49 PM
Font : A-A+

Bpos Get New Growth Pill; Pharma Mncs Come Calling

Pharmaceutical Research and Development (R&D) is slated to become the next big thing in the offshore services market in India with a growing number of multinational pharma companies seeking to establish their R&D operations in the country.

According to the international strategy and management consulting firm Boston Consulting Group, India would soon become a vital hub in the multinational pharmaceutical firms' global R&D network.

Advertisement

US-based BCG said in its latest report 'Harnessing the power of India' that partnerships between Indian and global pharma companies are on the rise and almost all top global firms are heading towards India with plans to set up their R&D divisions.

India ranks among the top nations for R&D spending by MNCs across all industries, and biopharma companies in the sub-continent nation have been increasingly active in securing their share of this interest and investment, the report added.
Advertisement

The country would no longer be considered a developing country in the pharma R&D market, as its hubs acquire equal status with their European and US-based counterparts, the report added.

A separate study by global strategy consulting firm Booz Allen Hamilton and France-based Business School Insead, said that more than three-quarters of the R&D sites to be set up over the next three years would be located in India or China.

(Source:PTI news)
Advertisement

Advertisement
News A-Z
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
News Category
What's New on Medindia
Ten Fruits for Diabetics
Natural Supplements Help Reverse Hair Loss during Menopause
Ways to Manage Stress during COVID-19 Pandemic
View all

Medindia Newsletters Subscribe to our Free Newsletters!
Terms & Conditions and Privacy Policy.

More News on:
Drug Toxicity 

Recommended Reading
Research & Development in Pharma Industry
Research and Development in pharma industry...
Drug Toxicity
Drug toxicity is an adverse reaction of the body towards a drug that results as a side effect of a d...

Disclaimer - All information and content on this site are for information and educational purposes only. The information should not be used for either diagnosis or treatment or both for any health related problem or disease. Always seek the advice of a qualified physician for medical diagnosis and treatment. Full Disclaimer

© All Rights Reserved 1997 - 2021

This site uses cookies to deliver our services. By using our site, you acknowledge that you have read and understand our Cookie Policy, Privacy Policy, and our Terms of Use