Because R&D productivity is a problem for pharma the partnering opportunities are basically seen in licensing and acquisitions.
India's growing respect and legal / regulatory framework for IPR, favourable economic policies resulting into attractive investment destination and availability of huge talent pool for sustaining and growing operations is making India an attractive destination for multinationals now.
Asia is emerging strongly in the area of biopharmaceutical manufacturing. More and more companies are confident of offering quality products and / or services. In the span of past two years, the perception of having an Asian manufacturing partner has been very positive, with nearly 80 per cent of small and large companies eyeing to outsource manufacturing to Asian biopharmaceutical companies.
PPPs is being seen as an effective strategy to reduce pipeline stress and also keep the spiralling cost of drug discovery and development under control.
Developing a product pipeline is being considered seriously and will be an essential factor for the growth of the Indian pharma market.
Biosimilars will eventually bring down the cost of biological medicines and in doing so will expand the market.