BioSpectrum India April 2023
BIOTECH INDUSTRY LEADERS 2021-22
BioSpectrum has been ranking the life sciences industry in different segments such as biopharma, bioservices, industrial biotech (enzyme), medical devices and biosuppliers for the last several years. In this issue, we will be covering a ranking of the industry. This edition reveals how Serum Institute of India Pvt Ltd (SIIPL) continues to lead the Indian Biopharmaceutical Industry at No1 position. Using the momentum gathered by national and international supply of COVID-19 vaccines, SIIPL has not only maintained its lead but
its revenue has significantly increased. Hyderabad-based Bharat Biotech International Ltd, another COVID-19 vaccine maker, is in a second position registering a 480 per cent growth over last year.
The Union Government has drafted a bill to replace the age-old, colonial era Drugs & Cosmetics Act, 1940 to keep pace with changing needs and
times. Among the several important factors shaping the new bill, one identifies medical devices as a separate category. Hence the title of the new bill is Drugs, Medical Devices and Cosmetics Bill, 2022. The title of the bill itself shows how important the government deems the medical devices sector.
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