India Plans NFDC to Help SMEs in Developing Generic Formulations

India's Department of Pharmaceuticals plans to set up National Formulation Development Centre to help drug makers to grab market opportunities as many drugs are losing patents.

With large number of drugs losing patents in the near future throwing up huge opportunities for Indian manufacturers of generic formulations, India's Department of Pharmaceuticals (DoP) plans to set up at least one National Formulation Development Centre (NFDC) to help the small and medium scale units to grab the emerging world market.

Unlike the large-scale players who are better placed to cash on the boom, the SME sector is placed behind in the competition due to the huge overhead expenses needed additionally to manufacture the formulations which are source of increasing production in the domestic and export market, according to the Department.

A common facility in the form of NFDC will help the SME sector in developing