Log has written
TUESDAY, FEBRUARY 14, 2012

Bangalore: India is growing as a preferred destination for global clinical trials and research, with the market being estimated to reach $1.5 billion by 2010, which may trigger a shortage of around 30,000 to 50,000 clinical research professionals by then.

“The Clinical trials market grew by around 65% in 2006. More foreign companies, especially from the US, were outsourcing their clinical trials and research to India,” Santosh Hegde, Bilcare Research, President, Clinical Research Services, said.

“There are a lot of trials occurring in fields like diabetes, oncology and lifestyle diseases happening in India,” he told PTI.

Fluency in English, high quality of medical personnel, lower costs and high availability of patients to conduct the research and trials is turning India a preferred destination,“ Thomas Adams, President and CEO, Association of Clinical Research Professionals (ACRP) said.

While in the US, it might take nearly three years to get around 100 patients to conduct trials on them, in India the same number could be gathered in about six months, which meant “it was a huge saving on time and money to conduct these clinical trials”, Santosh said.

Given the fact that the “clock” starts to tick in the US from the time the company obtains patent, “it was imperative for companies to accelerate their clinical trial time so that they could draw benefits once the product hit the market before the expiry of the 17-year patent period”, Santosh said.

Tags - Find More Articles On:
READ MORE ARTICLES BY:
blog comments powered by Disqus
Tata Motors Q3 net up 41% on strong JLR sales
Net profit Rs3,406 crore vs market forecast Rs2,613 crore; revenue rises 44% to Rs45,260 crore; shares...
Views | Recession signals on the high seas?
The crash in shipping rates is no longer a good indicator of an incipient downturn
Views | India’s fiscal headache
India cannot bank infinitely upon growth for fiscal deliverance
Views | Still mired in caste politics
Caste politics has become even more important in recent decades, especially after the collapse of mass...
Moody’s warns may cut AAA-rating for UK and France
Germany, EFSF triple-A rating unchanged; UK top-tier rating at risk by a major agency for first time;...