Biopharmaceuticals Current Affairs, GK & News

National Biopharma Mission- Highlights

Department of Biotechnology (DBT) has initiated cabinet approved National Biopharma Mission with the objective of strengthening emerging biotechnology enterprise across India. Mission is entitled as “Industry-Academia Collaborative Mission for Accelerating Discovery Research to Early Development for Biopharmaceuticals – Innovate in India (I3) Empowering biotech entrepreneurs & accelerating inclusive innovation”. National Biopharma Mission National Biopharma mission ..

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Rs 15,000 crores approved by Union Cabinet for COVID-19

On April 22, 2020, the Union Cabinet approved Rs 15,000 crores towards “India COVID-19 Emergency Response and Health System Preparedness Challenge”. The funds are to be utilised in 3 phases. Highlights For an immediate response Rs 7,774 crore has been sanctioned. The rest of the funds are to be utilised as medium-term support in 1 ..

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Central Drug Research Institute signs MoU to sequence virus strains

On April 18, 2020, the Central Drug Research Institute (CDRI) has signed a Memorandum of Understanding (MoU) with King George Medical University to sequence the strains of COVID-19 virus samples obtained from different patients. What is the plan? According to the MoU, a Lucknow based lab is to sequence the virus strains. This is to ..

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United Nations predict India’s GDP at 4.8%

On April 9, 2020, the United Nations released a report on Economic and Social Survey of Asia and Pacific (ESCAP), 2020. Highlights According to the report, the economic growth rate of India stood at 5% in 2019-20. It has forecasted that the growth rate is to shrink to 4.8% in 2020-21 and the growth rate ..

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India allows export of 12 Active Pharmaceutical Ingredient (API)

On April 7, 2020, the Government of India allowed the export of 12 Active Pharmaceutical Ingredients (APIs). GoI had earlier banned the export of these APIs and their formulations to prevent their shortages in India. Highlights The Directorate General of Foreign Trade amended the export ban. The major drugs that were banned include Vitamins B6, ..

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