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Bio Spectrum - February 2025

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How India is Pulling In European Life Sciences Sector
When the world was struggling with COVID-19 in 2020 and 2021, the partnership
between Indian and European organizations proved to be a historic accomplishment
in the field of global life sciences. It was able to deliver more than two billion doses
of the COVID-19 vaccine, which was developed by the University of Oxford and
AstraZeneca, both from the United Kingdom, and manufactured by Serum Institute
of India (SII) in India, to more than 170 countries starting in November 2020,
marking a significant milestone in the global pandemic response. India's economical
production in the biopharma industry allowed it to reach this significant milestone.
India's advantages, including cost-effective manufacturing, a skilled workforce, and
a growing but robust research ecosystem, are making it an attractive destination for
outsourcing and joint ventures. These collaborations have led to the development of
innovative healthcare solutions and have expanded market access for both Indian
and European firms. The India-Europe collaboration in life sciences has evolved into
a dynamic partnership fostering innovation, investment, and shared expertise. While
significant strides have been made in contract research, vaccine production, and
biosimilars, there remains potential for greater collaboration in new drug discovery
sciences. As European companies expand their R&D and manufacturing presence
in India, the mutual focus on academic research and healthcare resilience positions
this partnership as a global leader in life sciences innovation.
Bio Spectrum Description:
India's leading publication that covers the business of bio-technology. With comprehensive analyses of policy issues, products and services across the bio-pharma, bio-informatics, bio-infrastructure and bio-agriculture segments, it is the industry's most authoritative source of information.
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