India is emerging as a favourable destination to conduct clinical trials, reveals report
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A joint report by PwC India & US-India Chamber of Commerce (USAIC) has revealed that India is emerging as a favourable destination to conduct clinical trials. The report was released at the USAIC BioPharma & Healthcare Summit held virtually on May 3.
“Clinical trial activity ?in India has been increasing steadily since 2014 due to several key regulatory reforms aimed towards global harmonisation, enabling open access to clinical trials in India. The country’s diverse population, combined with its rapidly advancing healthcare infrastructure, provides a fertile ground for clinical trials to flourish. This is an opportunity for top biopharma companies to develop a long-term strategy that focuses on the key enablers of innovation and strategic partnerships in India,” Sujay Shetty, Partner & Global Health Industries Leader, PwC, said in a statement.
According to the report, Biopharma can benefit from the critical enablers of innovation in the private healthcare system in India and leverage the rapidly expanding healthcare infrastructure in the country.
Key takeaways from the report:
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However, Industry experts point out that there is still a lot to do for India in order to become the innovation hub as well as the clinal trial destination.
Sanish Davis, President, Indian Society for Clinical Research told?Financial Express.com?that currently, India is not part of early clinical development work from any of the big innovators due to the turnaround that is required from regulatory, and ethics committees as well as the lack of dedicated sites which can do these complex studies.
Providing enabling and predictable regulations to ensure that India has review and approval timelines in line with some of the advanced economies/regions/countries (USA, EU, SG, AUS, KOREA etc.). While the NDCT Rules states 90 working days, in reality the timeline overshoots the 90 working days timeline in majority of the cases making India unattractive for clinical development work (Phase I, Phase II etc. which require very quick review and approval),” Davis said.
He also informed that India currently allows only early phase studies for compounds that are discovered in India which leads us to lose out on this expertise. This also then stymies the development of expertise/talent/capacity building of Phase I sites as there are only a few studies, he added.
“There needs to be more participation and ownership from Medical Institutional heads, Ethics committees, Patient advocacy groups?etc. to enable the conduct of clinical trials for Rare Diseases, communicable diseases of relevance to India, Neurosciences, Opthalmology etc.,” he said.