Indian pharmaceuticals have traveled a long distance and from being an industry manufacturing generic drugs they have now started their own research and development programs and are expanding their operations for offering discovering services too. A number of companies such as Connexios, Advinus Therapeutics and GVK are already offering preclinical contract services in India.
Indian companies are putting huge stakes on pharma outsourcing for their growth and as per an estimate the global pharmaceutical outsourcing stands at around $35 billion. Asia is looking to slice a bigger pie in the global pharma outsourcing market.
In 2005 the Indian pharma industry garnered a growth of 2005 and by 2010 it is expected that the Indian biotech sector would reach $ 5 billion. It seems that the Indian pharmaceutical industry would surely dominate the outsourcing world in the years to come.
Via indiastockmarket
