'Pharma' industry in India: a breeding ground for entrepreneurs
Global pharma companies' research widens scope for entrepreneurs
17 Dec, 2010, 06.27AM IST, Vishal Dutta,ET Bureau
India is a favourite clinical trials destination. The multi-racial population also consists of large numbers similar to the Caucasian race found mostly in Europe and fewer inter-community marriages ensures purity of the race. The CRO business grew 84% during 2006-2008 as against the global average of 12%.
Site Management Organisations or SMOs are a sub-segment of the clinical research organisations or CROs that test drugs on volunteers before launching them into market. Unlike CROs, site managers do not have their own set-ups but are attached with hospitals and check a drug's efficacy through accurate data. The notings are then passed on to the CROs and subsequently for regulatory approval.
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