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Make available quality drugs at affordable prices; VP

Press Trust of India  |  Hyderabad 

M Venkaiah Saturday stressed the need to make world class drugs available at affordable prices, with thrust on research and innovation.

"There should be an unwavering commitment to high standards of quality in and quality frameworks such as Good Manufacturing Practices should strictly be adhered to," he said.

Addressing the second decennial celebrations of Sarojini in Hyderabad, he called for a thrust on research and innovation.

The said new challenges were emerging every day, especially with the alarming rise in the number of non-communicable and and

"New molecules and new drugs will have to be discovered and will have to be continuously upgraded and updated. All this will have to be achieved without compromising on the affordability of drugs," he said.

While major multinationals and pharma companies would be interested in producing and selling drugs that cater to common and chronic affecting larger populations, there was a need to develop new molecules and drugs to combat lesser known diseases, particularly the group called 'rare diseases', affecting more than 70 million people in India, he said.

While it is estimated that there are around 7,000 rare in the world, most diseases have no treatment and the costs are prohibitively expensive in cases where they are available, he said

It was therefore important for the Indian pharma industry to look into the need to develop low-cost drugs for treating rare diseases, he said.

expressed confidence that the goal to make a global in end-to-end drug manufacture would be achieved in the coming years in view of the initiatives taken to promote the in the country.

"has undertaken a long and arduous, yet rewarding journey in Pharmacology, from the 'Charak Samhita' of traditional Indian medicine system, to becoming the third largest drug manufacturer in the world, in terms of volume, in the field of modern medicine, he said.

Maintaining its legacy of being a pioneer in the field of pharmacology, today enjoys the exalted position of being the 'Pharmacy to the world', he said.

the noted that India is the largest provider of generic drugs globally and that 80 per cent of the anti-retroviral drugs used worldwide to combat are supplied by Indian pharma companies.

"I was informed that over 65 per cent of WHO's demand for DPT and BCG vaccines and 90 per vaccine are supplied by India. Thus, Indias contribution to global has been spectacular," he said.

Naidu said he would like to see the country emerge as the world in generic medicines.

"At the same time, we should not hesitate to promote Indian systems of medicine," he said.

The Vice President asked young researchers to work towards standardizing and benchmarking Indian systems of medicine, using globally established to establish the efficiency, validity and efficacy of traditional medicines.

The focus should remain on speedy introduction of generic drugs into the market, he said.

Rural health programmes, lifesaving drugs and preventive vaccines should also receive attention from policy makers and Pharma companies alike, Naidu said.

Though the intake of pharmacy students has improved substantially due to the drastic increase in the number of pharmacy colleges in the country, the need of the hour was to revamp pharmacy education in India and bring it on par with global standards, he said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, March 16 2019. 19:35 IST
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