Open innovation for new drug research in Indian pharmaceutical sector

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Abstract

The national environment in India for the pharmaceutical sector recently underwent changes with The Patents (Amendment)Act 2005, to comply with the TRIPS agreement leading to product patent protection.This has led to Government initiatives to support R&D and promote interlinkages between industry and academia. Globally, innovation ecosystem in recent years has morphed and seen a paradigm shift from a closed innovation in-house R&D model to more open approaches. In this context, the study aspires to gain an understanding of how the institutional and regulatory factors influence adoption of open innovation strategies at firm level and enables formation of innovation networks between universities, public research labs and firms in India.

Original languageEnglish
Publication statusPublished - 12 Sep 2014
EventDrug Discovery India 2014 - Ramada Powai Hotel & Convention Centre, Mumbai, India
Duration: 11 Sep 201412 Sep 2014

Conference

ConferenceDrug Discovery India 2014
CountryIndia
CityMumbai
Period11/09/1412/09/14

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Keywords

  • innovation
  • collaboration
  • pharmaceutics

Cite this

Bhatnagar, B., MacBryde, J., & Dörfler, V. (2014). Open innovation for new drug research in Indian pharmaceutical sector. Poster session presented at Drug Discovery India 2014, Mumbai, India.