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

• India, the United States, South Korea, Japan, and the European Union have launched a Biopharmaceuticals Alliance, with its first meeting held in San Diego, USA, during the Bio International Convention 2024, the world’s largest pharmaceutical exhibition.
• Biopharmaceuticals are medical drugs produced using living organisms’ organs, tissues, microorganisms, animal fluids, or genetically modified cells. Unlike chemically manufactured drugs, biopharmaceuticals use biotechnology to produce proteins and nucleic acids (DNA, RNA, or antisense oligonucleotides). It is projected that within 5 to 10 years, biopharmaceuticals will comprise around 50% of new medical drugs.
• The BIO International Convention, held from June 3-6, 2024, is considered the world’s largest biotechnology event, attracting over 18,500 industry leaders globally.

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