The origin of Indian medicine dates back to the 1st millennium BC, and Ayurveda is one of the first medicines of the time. However, today as the world walks into the modern era with a huge inclination towards modern medicine there have been significant drug discoveries happening around, specifying diverse health conditions. To acknowledge, the first modern synthetic drug developed in India was Urea Stibamine by UN Brahmachari against Visceral Leishmaniasis in 1922.

Today, India has been pronounced as a global leader in the pharmaceutical space given its expansive research and innovation, furthered by a combination of a robust scientific and technological base, growing government support, a strong domestic market, and cost-competitive manufacturing. Not only this, despite the unprecedented disruption brought about by the pandemic, India stood up to rank third in volume and fourteenth in value worldwide. The India drug & pharmaceutical sector, currently valuing $50 billion is optimistically expected to become $150 billion industry until the next ten decade.

In the fields of medicine, biotechnology and pharmacology, drug discovery process requires a lot to produce results, and is daunting stretched by complexity factor, time, cost and success/ failure probabilities. However, with many new leaders penetrating the space and taking wise & conscious initiatives to better the Indian healthcare space, there have been huge strikes made towards growth already.

It is very likely that if we sustain this trajectory of positive growth, strengthening our R&D, facilities, manpower, drug & medicine education, robust supply chain, and more, we will soon find our nation positioned at the helm of Drug Discovery & Development. Well, currently presenting our current edition '10 Most Promising Drug Discovery & Development Companies - 2023', we have here our leaders who are remarkably driving the drug market in India now.

Read to know more about them. Do let us know what you think!