2024 holds promise for elevating pharma industry ' s global standing
approaches underscored the industry ' s commitment to advancing medical solutions . Collaborative efforts among industry players , research institutions , and academia thrived , contributing to an environment of shared knowledge and expertise . A paramount focus on quality will undoubtedly play a significant role in ensuring the safety and efficacy of pharmaceutical products . Announcement of stringent measures and encouragement for adherence to international quality standards underscored the commitment to delivering reliable and high-quality healthcare solutions on the part of the Government as well as the sector as a whole .
2024 holds promise for elevating pharma industry ' s global standing
As we look ahead to 2024 , the pharmaceutical sector is poised for sustained growth and innovation . The sector is expected to further leverage collaborative efforts , invest in cuttingedge R & D , and uphold the highest standards of quality to meet the evolving healthcare needs of the nation . In 2024 , we anticipate a continued partnership between the government and the pharmaceutical industry , driving advancements , fostering innovation , and ultimately contributing to a healthier and more resilient society . One of the awaited milestones in 2024 is the establishment of the Specialized Patent Benches .
Addressing the complexity of clinical trial regulations , the industry is hopeful for regulatory support that enables parallel launches in India . Streamlining these processes will not only expedite market entry but also contribute to a more patient-centric approach , ensuring timely access to innovative and life-changing medicines . Quality remains paramount in our commitment to providing safe and effective pharmaceuticals . The industry looks forward to upgradation of Good Manufacturing Practices ( GMP ) to bring it at par with WHO- GMP that would enable us to reinforce our dedication towards maintaining the highest quality & safety standards .
The pharma sector remains at the forefront of India ' s healthcare landscape , and with the collective efforts of all stakeholders , 2024 holds promise for further elevating the industry ' s global standing and steering the industry towards a paradigm shift – from volume to value leadership .
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