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Positive outlook for India\'s pharma sector
IFPMA Press Review 9/21/2004 Positive outlook for India's pharma sector Asia Times    NEW DELHI, 9/21/2004 - Reflecting continued buoyancy in the pharmaceutical sector, which exports over US$2 billion in drugs annually, the Confederation of Indian Industry (CII) on Monday said ...
IFPMA Press Review 9/21/2004

Positive outlook for India's pharma sector
 
Asia Times
 
 
NEW DELHI, 9/21/2004 - Reflecting continued buoyancy in the pharmaceutical sector, which exports over US$2 billion in drugs annually, the Confederation of Indian Industry (CII) on Monday said India can capture another $1 million by launching low-cost drugs developed by the country's scientists.

Asserting the pharmaceutical sector was already growing at a boisterous 35% and could become a major global player, a CII study said clinical trials in India are extremely investor-friendly, costing about $25 million, while the same in the US are in the range of $300-350 million.

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