Assessing the Collaborative Synergy: An In-Depth Analysis of Public-Private Partnerships in the Indian Pharmaceutical Sector for Sustainable Drug Innovation and Access

Registration ID: IJNRD_206569

Published ID: IJNRD2310142

DOI: Click Here to Get

NIRMALA A , SONALI MALLICK , MANISHA R VIRKAR

Public-Private Partnerships (PPPs), Pharmaceutical Innovation, Knowledge Transfer, Intellectual Property Rights, Equitable Access, pharmaceutical landscape.

Public-Private Partnerships (PPPs) have emerged as a transformative force in India's pharmaceutical landscape, redefining the contours of innovation, research, and drug development. This paper explores the profound impact of PPPs on the pharmaceutical sector, where government bodies, public research institutions, and private pharmaceutical companies converge to collaboratively advance research and development endeavors. By leveraging the complementary strengths and resources of both sectors, PPPs have fostered a culture of innovation and accelerated the journey from laboratory discoveries to market-ready pharmaceutical products. The implications of these partnerships extend beyond innovation. PPPs have facilitated the transfer of cutting-edge technologies and knowledge, empowering domestic pharmaceutical firms and positioning India as a global epicenter for research and development in the pharmaceutical arena. Yet, the path to success has not been without challenges, particularly concerning equitable access, intellectual property rights, and affordability. As we navigate the evolving pharmaceutical landscape, the role of PPPs remains paramount. Their continued success hinges on creating an environment conducive to collaboration, streamlining regulatory processes, clarifying intellectual property rights, and ensuring transparency. Balancing the interests of the public, the private sector, and research institutions will be imperative in harnessing the full potential of PPPs and maintaining India's leadership in pharmaceutical innovation. This paper offers insights into the multifaceted impact of PPPs in the pharmaceutical sector and underscores their significance in shaping India's pharmaceutical future.

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NIRMALA A, SONALI MALLICK, & MANISHA R VIRKAR (October-2023). Assessing the Collaborative Synergy: An In-Depth Analysis of Public-Private Partnerships in the Indian Pharmaceutical Sector for Sustainable Drug Innovation and Access. INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT, 8(10), b386-b404. https://ijnrd.org/papers/IJNRD2310142.pdf

Volume 8 Issue 10, October-2023

Pages : b386-b404

Paper Reg. ID: IJNRD_206569

Published Paper Id: IJNRD2310142

Downloads: 000121984

Research Area: Pharmacy

Country: Bengaluru, Karnataka, India

Published Paper PDF: https://ijnrd.org/papers/IJNRD2310142.pdf

Published Paper URL: https://ijnrd.org/viewpaperforall?paper=IJNRD2310142

Journal Name: INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT(IJNRD)

ISSN: 2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar | ESTD YEAR: 2016

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