India scores over China in clinical research
New Delhi • India has emerged as a popular destination for clinical research, overtaking China, and is cheaper too, says a Planning Commission report.
The market value of clinical trial research outsourced to India is estimated at around $300m, with projected revenues of $1.5-2bn by 2010.
Global pharmaceutical companies are outsourcing 139 trials to India, as compared to 98 being undertaken in China, the report released Wednesday by Planning Commission Deputy Chairperson Montek Singh Ahluwalia said.
The increased trial flow to India is based on several fundamental strengths like good hospitals, competent medical professionals, diverse genetic pool and large patient pools with diseases ranging from heart diseases, diabetes and psychiatric disorders, which are also prevalent in industrialised countries.
The cost of conducting research in India ranges between 20 and 60 percent of the cost in industrialised countries, it said. Clinical researchers, nurses and IT staff can be hired at less than a third of wages in the industrialised countries.
Source: The Peninsula Qatar
2 comments:
hey,
You have very well stated that clinical research is now being taken up in India seriously. I must say that still there are not many institutions offering a course on such a sensitive topic. ICRI is one of the premier institutes of the country and aims at promoting clinical research in the country. With foreign recognition and good faculty, its future prospects seem to b very bright. A number of clinical research projects have been taken up by ICRI and hav produced medicines of great value. It should b seriously considered by all aspirants of research very seriously. To apply for the the college just click on the url..http://tinyurl.com/6ellwe
http://www.blogger.com/profile/13486633960617131326
hey,
You have very well stated that clinical research is now being taken up in India seriously. I must say that still there are not many institutions offering a course on such a sensitive topic. ICRI is one of the premier institutes of the country and aims at promoting clinical research in the country. With foreign recognition and good faculty, its future prospects seem to b very bright. A number of clinical research projects have been taken up by ICRI and hav produced medicines of great value. It should b seriously considered by all aspirants of research very seriously. To apply for the the college just click on the url..http://tinyurl.com/6ellwe
http://www.blogger.com/profile/13486633960617131326
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