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Clinical Studies |
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Pfizer Clinical Research in India
The Clinical Research group comprises of four organisational segments: Study Management, India regional monitoring group, Outsourced operations and Business support. About two-thirds of the clinical research portfolio relates to phase II and phase III studies executed on behalf of Pfizer Global Research & Development (PGRD) worldwide teams while the rest are phase IIIb, phase IV comparative, post-marketing surveillance, epidemiology, drug utilization and biopharmaceutical studies to support local registration, launch and marketing. Its vast contribution to the development of clinical research in the country makes Pfizer a leader in this area. Initiatives such as the PGRD supported Academy of Clinical Excellence (ACE) in collaboration with the Bombay College of Pharmacy help provide professional training to investigators and other clinical research personnel in the country. The key achievements of the Pfizer Clinical Research department are highlighted below -
The Future of Clinical Research in India : India possesses significant potential to become a preferred location for research and development (R&D). With the aim to encourage a culture of innovation that provides certainty to investors in medicinal R&D, India took the first steps in the mid-nineties with a commitment to the WTO TRIPS (Trade Related Aspects of Intellectual Property Rights) agreement. In consequence, India has seen an inflow of funds into research and development, both from local investors and multinational organizations. However, the potential is much greater. Patent legislation enacted at the beginning of 2005 has been an important enabler for growth of the clinical research industry. Recent studies have estimated that India can become the most preferred destination for global pharmaceutical and biotech companies looking for partnerships or setting up new operations. The Boston Consulting Group estimates that the contract manufacturing market for global companies in India will touch $900 million by 2010. Furthermore, the outsourced clinical research market in India will increase to $500 million by 2010. |
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