Indian Drug Scenario: Discovery and Development

Abstract

This paper focuses on major issues of drug discovery and development. Developing a new drug and taking it to market is a long and costly process. The industry focus is shifted toward developing the right drug for the right patient in the shortest time at the least cost. Emerging trend in pharma industry is to outsource clinical trials to emerging markets.

The clinical trial is the most expensive stage of drug development and accounts for about sixty per cent of total costs. Paper underscores India’s major strengths in clinical trials. India has tremendous potentials to become ultimate destination for drug development.

Keywords: Drug Discovery, Clinical research