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The Department of Pharmaceuticals has launched an online portal for a Rs5,000-crore scheme that will support innovation in pharma and medical technology. PRIP, or the Promotion of Research and Innovation in Pharma MedTech Sector, promises to make it easier to submit applications to develop novel technologies in medicine, including medical devices and drugs. While the US and China spend $60 billion and $20 billion on pharmaceutical R&D respectively, India’s expenditure is only around $3 billion. PRIP aims to bridge this gap and foster a culture of research and innovation in the pharma and medtech industry.
Anchor: FRANK RAUSAN PEREIRA
GUESTS: Anisha Chandy-Eckardt, Managing Director, HOSMAT Hospitals.
: Awadhesh Kumar Choudhary, Sr. Economic Advisor, Dept. of Pharmaceuticals
: Ravi Rathod, Joint Coordinator, Association of Indian Medical Device Industry
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