BioVoice News April 2017 Issue 11 Volume 1 | Page 35

need to improve our focus on health economics and impact measurement. Such a data driven approach will put any concerns to rest on criticality of immunization programs for public health concerns where it is an appropriate measure. We should also assess if the specific products we are using in the immunization programs are economically effective in addressing our goals and means to do so more effectively. A great example could be the BCG vaccine that has been used for prevention of TB. It will be a worthwhile for us to assess economic merit of a more effective TB vaccine and this would justify renewed and significantly higher investments in a critical research area. Lastly, on private vaccines that are now driven more by a pharma styled sales approach, the clinical utility could be debated in several cases. However, as these are out of net of public expenditure in a largely out of pocket market, these are less likely to be part of this debate. What are the major policy related challenges that are acting as bottlenecks for further growth? From our interactions with the industry for the regulatory round table, the main challenges we note are misconstrued inclusion of vaccines in National List of Essential Medicines (NLEM), dearth of funding mechanisms for scale-up and technology access, several redundancies in current regulatory pathways and lack of defined timelines causing undue delays in new product launches. Eliminating redundancies in the regulatory process and creating efficiency in the approval pathway is critical to ensure that the country realizes benefits of the current pipeline of high value vaccines such as PCV. These are high public health priorities and delay in approval of Indian vaccines only extends the period of dependency on couple of multinationals whose vaccines are currently priced at more than Rs 3000 per dose for a 3 dose schedule. How do you look at the future trends that would shape up Indian vaccine industry? We expect India vaccine industry to continue on the current accelerated growth path for the next decade as well. It is critical that the current strength to proactively embrace innovation and build pipeline of complex products is channelized and intensified in an appropriately rewarding ecosystem. On the commercial front, we anticipate two key developments - greater participation in private market and the holy grail in value realization, entering regulated markets. While we currently dominate low and middle income vaccine supply, in the next decade Indian vaccine industry is poised competitively to make its mark in regulated markets. BIOVOICENEWS.COM 35