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Corporate Law Group
Corporate Law Group
Why biosimilars are a huge opportunity for the Indian biopharmaceutical industry
The global biosimilars market is estimated to touch $15 billion by 2020. There is increased activity and growth in the biosimilars market globally with some of the best-selling biologics going off-patent.
To meet its global aspirations as a vital supplier of biosimilars, India must address some of the fundamental concerns that investors have about the Indian legal and regulatory framework for biopharmaceuticals.
NPPA said it considered the view that unviability of these formulations should not lead to a situation where these drugs become unavailable in the market and that the public is forced to switch to costly alternatives
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