04 April 2019 | News
ABLE forms four Consortia to boost International perception of INDIAs importance in Drug Discovery & Development
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The Association of Biotechnology Led Enterprises (ABLE) has announced the formation of four consortia in the areas of Drug Discovery, Biopharma, Regulatory matters and Incubation. These are.
The objectives of the Consortia are:
Given the challenging times in International trade, regulations and resource crunch for R&D in the public sector, it is essential for the Indian Industry to develop platforms to arrive and project a unanimous perspective on issues and their solutions. Each Industry player may have their own plans, but they need to work together to address several macro level national and international policy related issues that impact the Industry in the medium to long term.
As per Shrikumar Suryanarayan, President, ABLE “The 50 billion USD Indian Bio Economy is on a roll and is expected to touch 100 billion USD by 2025. The Industry and the public sector stakeholders need to work collaboratively within themselves and each other. The idea is to work together in a resource efficient manner and to project a positive Image about India’s capabilities and capacities in various areas. India’s skills are growing in many aspects and Drug Discovery is one of the important areas. The Governments at the Central and States level are working tirelessly to raise the Innovation quotient and the Industry needs to upscale it. The consortia will serve to improve focus and project a positive image of India. We encourage the serious players to join the consortia and help in the mission”