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The Indian Pharmacopoeia Commission (IPC) has signed memoranda of understanding with the Goa State Pharmacy Council, Quality Council of India, and HLL Infra Tech Services Limited, to strengthen drug safety, quality assurance, and capacity-building initiatives. The IPC, an autonomous body under the Health Ministry, has been making efforts to foster institutional partnerships with regulatory bodies, professional councils, quality organisations, and public sector enterprises to strengthen pharmacovigilance systems, enhance professional competencies, and promote uniform standards for medicine quality and patient safety across India. The memorandum of understanding (MoU) signed between IPC and Goa State Pharmacy Council (GSPC) provides a structured framework for collaboration in pharmacovigilance, rational use of medicines, and professional development of pharmacists in the state, the health ministry said in a statement. It envisages promotion of the National Formulary of India among ...
India's pharmaceutical industry is stepping into 2026, marking the beginning of a critical five-year period to build the required ecosystem to establish itself as an innovation hub in its bid to become a USD 500 billion sector by 2047, amid near-term challenges of tariff fluctuations and global trade realignments. The predominantly generic medicines-driven domestic drug industry, which has grown from USD 3 billion to USD 60 billion in size over the past 25 years, is shifting towards innovation in next-generation drugs. At the same time, it will also seek to capitalise on the opportunity to capture drugs worth over USD 300 billion that are set to lose exclusivity over the next seven years. "Today, Indian pharma stands at a defining moment and the next 25 years will be shaped by innovation, quality, and access," Indian Pharmaceutical Alliance Secretary General Sudarshan Jain said. The innovation agenda has gained notable momentum among the domestic players, he noted. "From 2026 onwa