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Home / India News / 2007 / May / May 23, 2007
Three Key Value Propositions Emerge from Frost & Sullivan's Annual Summit on the Life Science Industry

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Three Key Value Propositions Emerge from Frost & Sullivan's Annual Summit on the Life Science Industry

Mobor, Goa, India

India's leading drug manufacturers are becoming global players, utilizing both organic growth through the gradual development of their business and mergers and acquisitions (M&A), as they seek to boost their presence in existing markets and open up new ones. Heavy investments into research and development and a significant focus on innovation, NCEs, new drug development and novel drug delivery systems are the hallmarks of the industry today. Additionally, there have been some very interesting partnerships; in discovery research such as the BMS-Biocon or Merck-Advinus collaboration or a partnership in joint drug development or clinical development such as Eli Lilly-NPIL. Essentially, the industry has not only moved from short term contract based relationships to long term partnerships, but has also evolved into 'working with', not 'working for' pharmaceutical majors in areas that require superior knowledge, acumen and technical expertise.

Recognizing the potential of the "Science of the future" - Biotechnology, Biologics and Biopharmaceuticals - the industry is slowly building itself towards that. According to Anand Rangachary, Managing Director, South Asia and Middle East, Frost & Sullivan, "Some key biologicals such as interferon, insulin, G-CSF and EPO, are set to lose patent protection over the next few years, propelling the biogenerics market to approximately $8 billion by 2010, constituting a significant 8 percent share of the global US $100 billion biopharmaceutical business."

Currently, in India, the focus with regard to biotechnology is mostly on R&D, and production of biogenerics is yet to kick in. Support from the Government for biotechnology has been consistent; most of the R&D funding in India is from the Government, growing at a CAGR of around 19 percent for the last few years. In 2006, this funding was approximately $70 million.

"In the Indian CRAMS arena, some of the key growth areas are likely to be outsourcing of R&D; production in the Biotech and Biosimilars industry, custom manufacturing opportunities in formulations and drug delivery systems, collaborations in discovery R&D and clinical research and in-licensing arrangements. Increased consolidation within the US and European industries in tandem with the recent M&A by Indian companies to acquire world class capabilities will further encourage this growth. An additional impetus would be given by improving R&D pipelines and big Pharma's restructuring drive (all non-core activities could be reduced or moved out). Three key value propositions are required for successful off-shore alliances and collaborations in the lifesciences industry: the ability to offer cost reduction, resource optimization and timely delivery, and IP compliance. India has demonstrated its capability on each of these parameters, and hence is on a growth path. The role of service providers like IT solutions and logistics companies is also becoming increasingly important, as a partner of this evolving business model", says Mamta Wadhwa Director, Chemicals, Materials and Foods at Frost & Sullivan, South Asia and Middle East.

The internationally acclaimed Global Partnership Summit on the Opportunities in Lifescience Molecules held at The Leela, Goa from May 21-23, 2007 for the 3rd consecutive year, discussed these growth drivers and the strategies for catalyzing sustainable growth and leadership

Started as a summit focusing on management and strategic issues related to pharmaceutical industry in the year 2005, the Global Partnership Summit- 2007 received tremendous response from the industry and surpassed all expectations in terms of size and the number of participants.

This year, the Summit focused on addressing strategic issues on CRAMS in discovery and bio-specialties, business models for sustaining long-term partnerships beyond the initial short term relationships, strategies in deal making from discovery to manufacturing, process innovation, and others. The Summit provided a tremendous opportunity for knowledge exchange through interactive case study analyses, workshops and panel discussions.

Both as a knowledge sharing platform and a high profile networking summit, this event offered key insights into the focus and direction of the industry and emerging opportunities. Panel discussions, growth workshops, case study analyses, etc. on areas such as strategy and deal making, opportunities for partnerships in discovery, process innovation, outsourcing, M&A, CRAMS in biologicals, PE investments in lifesciences, etc. were the major highlights. The event also served as a platform to focus upon strategic alliances, licensing or partnership opportunities.

With participation from both domestic and international companies like Ranbaxy, Cadila, Malladi Drugs, Wockhardt, Nicholas Piramal, Eli Lilly, Wyeth, Sanofi Aventis, Perkin Elmer, Boehringer Ingelheim, and many others, the summit was the ideal platform to interact with key executives of the top pharma and biotech companies. It also helped to gain a deeper insight into the opportunities and emerging areas that these key decision makers and the industry would consider over the coming years.

sthomas@frost.com niyer@frost.com

Source: Frost & Sullivan (Business Wire India)

Press release presented here is sourced from the Source mentioned above and is provided on as-is basis. Please contact the Company / Source directly for any further information in regard to this release. This website will be unable to assist you in regard to the accuracy or correctness of information in this release.

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