On 24th October 2019 in New Delhi, the Minister for Science & Technology, Earth Sciences and Health & Family Welfare released the guidelines for evaluation of nanopharmaceuticals, which are emerging as more potent tools for treating various diseases.
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The document, which covers all the aspects of evaluation from the definition and categorization of nanopharmaceuticals to pharmacovigilance of the new set of therapeutics, has been prepared as a joint project by the Department of Biotechnology in the Ministry of Science and Technology, and Indian Council of Medical Research and Central Drugs Standard Control Organisation in the Ministry of Health and Family Welfare.
Nano-pharmaceuticals, which are derived by the application of nanotechnology in medical therapeutics, are expected to bring about a revolution in the treatment strategies as they would enable target-specific delivery of drugs and therapeutic molecules and thus offer higher efficacy and lower toxicity in many disease conditions. They are expected to be of great use particularly in cancer treatment.
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Every year, several new nanopharmaceuticals are being developed and marketed across the world. India too has a sizable pool of nanoscientists generating a large number of scientific publications in this domain. However, regulatory approval is the most important factor for translating laboratory research into bedside medicine. The new set of guidelines is designed to facilitate this process.
Noting that the document has been prepared by domain experts in consultation with representatives of the industry, Dr. Harsh Vardhan, Hon’ble Minister of Health and Family Welfare expressed confidence that it will give a big boost to innovators and drug manufacturers to optimize their research and come out with medicines that would be safer and more affordable.
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Hon’ble Minister Dr. Vardhan also announced a three-day international conference that was organized by the Department of Biotechnology and Confederation of Indian Industry in New Delhi from November 21-23, 2019 in collaboration with the Association of Biotech-Led Enterprises (ABLE) and Biotechnology Industry Research Assistance Council (BIRAC), which is a public sector undertaking under DBT to showcase India’s prowess in the area of biotechnology and help build new partnerships and investment opportunities.
Titled Global Bio-India 2019, the meet deliberated on opportunities and challenges in the areas of bio-agriculture, bio-industry, bio-energy, bio-services, and biopharma sectors. It had several components including policy dialogues, investors’ round tables, a meeting of regulators across the world and an exhibition.
Credits: India Science Wire