
Healthcare Newsletter – August 2018
Deal Announcement – Series A fund raise for health tech venture HealthSignz
Sathguru Management Consultants Acted As Sole Transaction Advisor To HealthSignz Technologies On Its Equity Fundraise
Featured Publication
Indian Pharma: Enabling the Transition to Innovation Led Growth
Excerpts from the Assocham Sathguru publication released at the Assocham Pharma Conclave, May 2018
Industry at a Crossover – Quest for Higher Value Generation
– Industry in transition, with rapid shifting of gears in novel chemical and biological entities
– Large pharma companies carving their own niche with some degree of success in specialty Pharma with the 505(b) (2) pathway
– Active engagement in biosimilars for domestic markets, with need to step up pursuit to regulated as well as ROW markets
– Novel vaccines –gradual stepping up to innovation led products with some commercial success
– Robust drug discovery capability in CROs, triggered by rich expertise gained from discovery work for MNCs
Triggering Innovation Leapfrogging – Global Benchmarks
– Indian innovation ecosystem primed from several ends – Ease of access created for seed and early risk funding through TDB & BIRAC i3 Program; Incubation Infrastructure fostered and innovation hubs nurtured; Fiscal incentives such as concessional taxation on royalty income
– International benchmarks for innovation-led growth – Hong Kong, South Korea & Israel
Innovation Led Growth –Recommendations for Leapfrogging Momentum
Need of the hour for next leg of growth include
– Scale-Up Funding and Tech Access Mechanisms
– Strengthening institutional backbone, industry-academia collaboration and IP perception
– Globally comparable fiscal incentives