Indian pharma sites outpace global standards in USFDA inspections for 2023

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Indian pharma sites outpace global standards in USFDA inspections for 2023 - Business Standard

Quick Summary:

The USFDA conducted inspections of 906 facilities worldwide, resulting in 133 facilities being classified as OAIs.

The report quoted Sathya Prathipati, senior partner, McKinsey & Company, as saying, “While the industry has addressed several critical areas over the last few years, quality expectations continue to evolve where some areas remain to be addressed.

Despite these challenges, India managed to export pharmaceuticals valued at $27.9 billion in the financial year 2023-24, with the United States accounting for 31 per cent of these exports.