Updated on 6 February 2013
He also said, "The roadmap to Indian guidelines is mainly about the safety and the effectiveness of the product. To raise funds for a biopharmaceutical franchise there are two main important aspects namely the reference drug and the interchangability law. The source of the reference drug and the materials used, since the laws in the US and the UK are very strict and they do not allow any reference drug from any other country. So, the FDI is helping the semi-regulatory markets in reference drug issue. The second being the interchangability laws whether biosimilars can be used for conservative drugs. The product quality should meet the requirements of all the people around the globe. The prices of biosimilar will be huge so there should be a robust bottom of the pyramid and safety is paramount to all patients all over the world."
Dr William Lee, said, "Biosimilars is a frontier in Pharma. India plays an important role in pharma industry in providing cost effective drugs and if it continues so India will be the major player in biosimilar space. India has taken on with lots of guts in the space of biosimilars. India has to converse all over the world to make its strong presence. India must focus on its positioning which is very important and it should be done quickly."
Dr Subir Kumar Basak, said, "The biopharmaceuticals companies in India now have many global partners and now finally we have biosimilar guidelines which are the combined efforts of companies and academia. Indian biotech companies have been developing many affordable and efficient drugs from the past ten years though there was lot of resistance initially from all the world for Indian drugs. For the development of high quality drugs the biologicals are very important along with huge investments, technology and other works. Eastern Europe, Latin America and South Korea have given market to Indian products. The tremendous talent, hard work and resources in Indian companies have helped us to produce safe medicines."
He further said, "The main challenges faced by these companies are the number clinical trials, fulfilling government regulations and figuring out how the drug works. We have a good ecosystem and we should maintain it since Indian ecosystem does not allow sub-standard medicines to be marketed so easily. Many innovative companies have moved out of biosimilar guidelines since everybody wants standard care for oncology and monoclonals. UK and US have the most expensive monoclonals and standard care. Many companies are now investing in the technology and scientific ability of biopharmaceuticals. The small hurdles faced in biosimilar guidelines have to be analysed and prevented before it becomes a big issue for the government as well as the public. The game will shift from biosimilars to biobetters."
Dr Kamboj concluded the session by saying, "The patent laws in India respect the patents except during emergency and the innovators have tendency for evergreen innovations. The market expectancy of patent life is aimed in India not only for semi-regulated markets but also for non-regulated markets. The guidelines respect safety and ethnic variations in every country must be looked on. At least about five Indian drugs should enter the European market and also aim for the US market in the following year. The guidelines will be revised periodically as per the requirements."