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India, S. Korea, US, Japan, EU launch Biopharmaceutical Alliance

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The international locations agreed to coordinate the respective international locations’ bio insurance policies, laws, and analysis and growth assist measures. File
| Photo Credit: Reuters

South Korea, India, the United States, Japan, and the European Union (EU) have come collectively to launch an alliance to place joint efforts into constructing a resilient provide chain within the biopharmaceutical sector, the South Korean presidential workplace mentioned in Seoul on June 6.

The inaugural assembly of the Biopharmaceutical Alliance, held in San Diego in the course of the Bio International Convention 2024, had representatives from authorities officers and bio and pharmaceutical firms from the collaborating international locations, South Korea’s Yonhap information company reported.

The individuals emphasised the significance of a dependable and sustainable provide chain and agreed to coordinate the respective international locations’ bio insurance policies, laws, and analysis and growth assist measures.

They acknowledged that the manufacturing of important uncooked supplies and components is concentrated in just a few international locations and agreed to work collectively to construct an in depth pharmaceutical provide chain map.

The alliance was launched in response to the drug provide shortages skilled in the course of the Covid-19 pandemic.

South Korea and the U.S. agreed to type the alliance throughout their dialogue on core rising applied sciences in December and expanded it to incorporate Japan, India and the EU, the report mentioned.

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