Global clinical trials are run in 25-30 core countries and there is intense competition to have these studies on advance and complex therapies of unmet medical needs to be placed in a country.
The US, China, Japan, Australia, and some advanced economies of the EU are traditional countries where studies are placed due to their regulatory and ethics review maturity.
Sanish Davis, president, Indian Society for Clinical Research (ISCR), told Business Standard over several decades, some smaller countries like South Korea, Poland, and Singapore had made concerted efforts to showcase their stable and predictable regulatory systems and research ecosystem.
“While the implementation of the NDCT Rules, 2019, has brought in predictability on paper, it will take several years before innovation-based pharmaceutical companies are comfortable with the new changes as well as the impact of the new regulations and how those are set into motion at the ground level,” Davis said.