A Parliamentary committee has said the government should earmark a separate fund for the promotion and growth of biologics.
"The committee are given to understand that a lot of deliberation has been made for the promotion and growth of research and development in biologics, but still no headway has been made in the country," the Standing Committee on Chemicals and Fertilisers said in its report tabled in Parliament today.
In India where people are badly affected by diabetes and cancer patients are increasing day by day with no much effective treatment, the biologics is need of the hour, the report added.
The committee chaired by Anandrao Adsul in its recommendation said: "As such the government should earmark a separate fund for promotion and growth of biologics."
As submitted by the the pharmaceuticals department secretary, after five to seven years, fifty percent medicines will be biologics based, the report said.
"... it is imperative that attention to research and development activities on biologics be made in coordination with all research organisations and industries," it added.
According to the department of pharma, biologic drugs have been playing a significant role in meeting the unmet needs particularly in the field of non-communicable diseases including diabetes, auto-immune and various type of cancers among others, the report said.
Disclaimer: No Business Standard Journalist was involved in creation of this content
