DCG(I) urged Pharma companies to adopt villages and focus on discovery of drugs

M.Venkateswarlu, Drugs Controller-General of India, in his keynote address at the ‘Pharma summit-2007 at Hyderabad,  organised by the Indian School of Business – has urged the pharma industry to move from reverse engineering to discovery of drugs for curing diseases prevalent in developing countries.

Mr. Venkateswarlu said the industry was growing phenomenally and access was not as much of a concern as affordability. There is immense scope for clinical trials in the country. He urged the industry to foster public-private partnerships and suggested that companies should adopt villages.  There need to increase our benchmark for ethics to meet global standards and review it at regular intervals. Stressing the need for encouraging medium and large-scale production, he said there was huge potential for marketing traditional Indian medicine.