India Proposes Faster Approvals, Bayh-Dole-Like Policy To Spur Innovation

Pricing Review Plans Also On The Menu

India’s draft policy to catalyze R&D and innovation seeks to create a “regulatory bias” towards innovation and aims to cut approval timelines sharply, among a raft of other proposals that include enabling differential pricing for “innovation with therapeutic benefits.” The Pink Sheet explores multiple nuances of the plan with industry experts.

R&D
India outlines policy intent to catalyze innovation • Source: Alamy

India has put forth a draft policy plan to spur R&D and innovation in the biopharma and medtech segments, but effective implementation, political will to press ahead on some key proposals and seamless co-ordination between multiple agencies could be pivotal to ensure real gains.

The proposed policy is built around three core prongs – strengthening the regulatory framework, incentivizing private and public investment in...

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