Centre mulling financial support for drug development

The Government of India is exploring ways to offer financial support to pharmaceutical players engaged in the areas of research and innovation for new drugs, Union Health Minister Mansukh Mandaviya said.

This comment from the Union Minister comes after the industry stressed on the need for financial support on several occasions previously.

“In the coming days, we will work to offer financial support for those companies that are conducting research in the new drug area. This is practised world over, and will be practised in India too. The work is going on in this direction,” said Mandaviya.