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news.DIA, the Drug Information Association, has set up an office in Mumbai, India, reported PJB news.
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According to the DIA, the biopharmaceutical industry in India will be worth $1 billion by 2010, up from $60 million in 2003 and $100 million in 2006. The DIA intends to capitalize on the industry’s rapid growth in the country and has also established a provisional Advisory Council of India to help plan its initiatives in the country.
Linda McGoldrick, DIA’s worldwide executive director, predicts that by 2011, India will account for 15% share in the global clinical trials market.