Report: Indian Drug Makers Too Risk-Averse
This article was originally published in PharmAsia News
Executive Summary
PricewaterhouseCoopers, the U.S. accounting/consulting firm, says in a new report that Indian drug makers are not taking the risks they should for creating new treatments. The report cited a basic conflict between drug makers and governments over the price of drugs. The report noted pharmaceutical companies often are flying blind when they attempt to develop a new drug. The report urged governments to adopt policies that spur innovative research, and back that work with good intellectual-property laws. (Click here for more
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PricewaterhouseCoopers, the U.S. accounting/consulting firm, says in a new report that Indian drug makers are not taking the risks they should for creating new treatments. The report cited a basic conflict between drug makers and governments over the price of drugs. The report noted pharmaceutical companies often are flying blind when they attempt to develop a new drug. The report urged governments to adopt policies that spur innovative research, and back that work with good intellectual-property laws. (Click here for more) "Pharma Companies Need Government Support in Research: PwC - Hindu Business Line (India) (5/7/08) |