Biopharmaceutical drugs are important therapeutic options as they provide an alternative to small molecule drugs for novel treatments of previously untreatable diseases. These drugs provide affordable options for addressing the healthcare needs of humankind.
The Department of Biotechnology (DBT) is supporting cutting edge research for development of new Biopharmaceutical drugs in different universities, research institutes and laboratories across the country. Through Biotechnology Industry Research Assistance Council (BIRAC) a Public Sector of DBT a number of Start-ups, SMEs and Biotech companies are developing such new drugs.
This was stated by Minister of State for Science & Technology and Earth Sciences Shri Y.S.Chowdary in a written reply in Lok Sabha today.