Translation and Commercialization of Pharmaceutical scientific Innovations: An Overview
Economic and social transformation of a country depends on adopting advanced technology. The rightful usage of the later leads to a significant improvement in quality of production, export efficacy, and ultimately results in improving living standards of the people. Generally, scientific innovations are converted into technology helps in every area. The promise of technology transfer is recognized as a key consideration for the present globalized world irrespective of the countries with different income strata. The process of technology transfer in the field of medicine and pharmaceuticals helps to face the crucial challenges and leads phenomenal improvement in the field of global health. This can create necessary conditions for global economic growth and poverty reduction. Most of the research based pharmaceutical industries engaged in unique type of technology transfer which are the part of today’s business practice. For the authorities responsible for public health policy making, technology transfer in medicines and pharmaceuticals is of major importance in order to upgrade the public health. To contribute to these discussions and with a view to share the knowledge, we have attempted to narrate the various steps involved in pharmaceutical technology transfers.
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