India’s drugmakers need more time to meet international standards: industry group
Thursday, May 18, 2017
India’s big drugmakers will need at least five more years to improve their manufacturing standards and data reliability to a level demanded by international regulators, said a senior industry official.
The lengthy timeline is a concern not only in India but around the world, as India’s pharmaceutical firms supply a third of the drugs sold in the United States and a large percentage in other countries.
U.S. and European Union regulators have called on India’s $16 billion pharmaceutical industry to step up their efforts if it wants to continue to dominate the generic drugs sector.
Source: Reuters (link opens in a new window)
- Health Care