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Mumbai:
What if India is not a key player in the global pharmaceutical
business, the country is fast emerging a hot destination
for human studies for new drug development.
For
the last one year, clinical research activity in India
has witnessed an exponential growth with a total market
value of around $70-80 million during the period 1999-2001,
suggest global consultancy firm Ernst & Young figures.
The
market was around $25 million in 2001 itself. Analysts
expect the market to grow at 50-60 per cent per annum.
The Ernst & Young study covered nearly 100 centres
in India, conducting different phases of clinical studies.
Generally, human trials are done in three phases.
India
offers tremendous scope for human studies with a vast
reserve of patients and rich clinical expertise, the study
observes. Large patient pools in most of the major therapeutic
segments attract many multinational clinical research
organisations to choose India. The ethnically diverse
populace provides an admixture of samples, which are crucial
in the flawless evaluation of new therapeutic agents.
Another
advantage is the easy patient availability. Lifestyle-related
diseases like cancer, diabetes and cardiovascular are
high in the country. Globally over 70 per cent of the
new drugs pipeline is split between these three major
segments. Cost-effectiveness is also a compelling factor.
Strong intellectual capital and improved medical infrastructure
allow studies with complex protocols to be conducted as
per international standards, Ernst & Young finds out.
The
new Good Clinical Practice guidelines brought forth by
the Drugs
Controller is also seen further facilitating the growing
market.
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