India, April 23 -- How do you see India positioning itself in the global R&D value chain? Is it a cost-efficient hub or a source of breakthrough innovation?

I see India positioning itself as the global source for cost-effective breakthrough innovation. India is currently at a critical inflection point. For decades, we were recognised as the 'Pharmacy of the World', a title earned through manufacturing excellence and volume. Today, we are evolving into a Global Innovation Harbour.

This shift is driven by what I call our 'Structural Alpha'. This includes 'Recruitment Alpha'-the ability to enroll specialized patient cohorts up to 10x faster than Western peers-and at least a 3-4x cost advantage. In practical terms, this means reaching Clini...