Anti-cancer compounds, immunogens against H1N1, cheap recombinant human insulin, stem cell research - the Indian biotech industry is in the thick of it all. Though bubbling with innovative ideas, a large number of small biotech companies and entrepreneurs have very little funds to bank on. India’s Department of Biotechnology has decided to extend a helping hand, reports The Pharma Letter’s India correspondent. MK Bhan, the founder chairman of the Biotechnology Industry Research Assistance Council (BIRAC), set up as a Department of Biotechnology’s interface agency and to serve as a single window for the emerging biotech industries, has emphasized that India can leapfrog into the biotech future shaped by materials like bacterial rope and DNA chips.
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