Updated on 4 February 2013
Among the delegates that attended the event, a few companies such as Telezon have already penetrated the Indian market. They are supplying their innovative plastic needles to the two major players in India; including Serum Institute of India and Hindustan Syringes and Medical Devices. Their FDA-approved and CE-marked product, SoloFlow cannula was used by Serum in one of their clinical trials for a new influenza vaccine to reconstitute (mix) the vaccine. The Indian giant had also placed the second order for 0.5 million SoloFlow needles later in 2012.
The delegation also highlighted that Melbourne, the multicultural capital of Victoria, is a premier location for biotechnology and life sciences companies in Australia. The Victorian government actively supports the life sciences business environment, and recently implemented a streamlined multi-site clinical trials ethics approval process. In 2011-12, Victoria's two-way good and services trade with India was valued at approximately $2 billion, driven mainly by service industries such as education and tourism.