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However generic companies are now foraying into ‘biosimilars which is a niche and expensive space. New, niche and underserved markets may be spotted by analysing information from social media, demographics, electronic medicalrecords and other sources of data.
This would encourage pharmaceuticalcompanies to enhance their R&D efforts, bolstering India’s status as a global leader in innovative healthcare solutions. Vijay Chawla, Partner and Head, Life Sciences, KPMG in India : “ The Indian pharmaceutical industry has several expectations from the Union Budget 2024.
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