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Biopharmaceutical Alliance

June 8, 2024

GS Paper II International Relations

Recently, India, South Korea, the US, Japan, and the EU launched the Biopharmaceutical Alliance.

  • It was launched in response to the drug supply shortages experienced during the Covid-19 pandemic.
  • The announcement was made at the inaugural meeting of the Biopharmaceutical Alliance, held in San Diego, California, during the Bio International Convention 2024, the world’s largest biopharmaceutical exhibition.

Significance of Biopharmaceutical Alliance

  • Building a reliable,  sustainable and resilient supply chain in the biopharmaceutical sector.
  • Coordinate the respective countries’ bio policies, regulations, and research and development support measures.
  • Building a detailed pharmaceutical supply chain map to reduce dependence on other countries(China) where the production of essential raw materials and ingredients is concentrated.

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