BIOPHARMACEUTICAL ALLIANCE

 

BIOPHARMACEUTICAL ALLIANCE







§  India, South Korea, the US, Japan, and European Union launched Biopharmaceutical Alliance in response to the drug supply shortages experienced during the COVID-19 pandemic.

§  The announcement was made at the inaugural meeting of the Biopharmaceutical Alliance during the Bio International Convention 2024.

Significance

§  Build a reliable, sustainable, and resilient supply chain in pharmaceuticals as production of essential raw materials and ingredients is concentrated in a few countries.

§  Coordinate bio policies, regulations, and R&D support measures with the member countries.

 

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