Government to set-up Biopharma Industry incubator
The Dollar Business Bureau Days after the Cabinet Committee on Economic Affairs (CCEA), chaired by the Prime Minister Narendra Modi approved two significant foreign investments (FIs) in the pharmaceutical sector – Aurobindo Pharma Ltd; and Glenmark Pharmaceutical Ltd; Union Minister for Science & Technology and Earth Sciences Dr Harsh Vardhan, announced on Saturday that Government would soon set up the Biopharma Industry Incubator (BII) under the umbrella of CSIR-CDRI, Lucknow. The S&T Ministry is also considering setting up Government Laboratory Practices (GLP)-certified labs in CSIR-CDRI for complete range of Investigational New Drug (IND) studies. The Minister said that the step would foster new drug development as well as shore up the financial bottom line of the laboratory, said a ...
