Mr David Keynan, vice-chairman, Federation of Indo-Israel Chamber of Commerce (FIICC)
"These two companies together hold 65 percent of Israeli Life Sciences industry including medical devices, drug discovery and development," pointed Mr David Keynan, vice-chairman, Federation of Indo-Israel Chamber of Commerce (FIICC), while speaking exclusively to BioSpectrum.
In the medical devices industry, he said, as of now India and Israel's relationship is at a very nascent stage.
Also, Israel has 5 state-of-the-art R&D centres of the world-renowned Life Sciences organizations including Sanofi-Aventis, and BMS. Medical device manufacturers, GE and Philips have also set up their R&D centres in Israel.
Most of the Israeli start-ups in the Life Sciences is said to fall under the medical devices category. "All put together we now have about 100 thriving start-ups in Israel," said Mr Keynan.
Out of these, one-third of the start-ups are in the area of drug discovery and development, another one-third in medical devices and the rest falls into other Life Sciences areas.