Innovation, startups, and technology are vital for the growth of medical, healthcare, and pharmaceutical sectors in India, stressed Navin Sheth, vice-chancellor, of Gujarat Technological University, and Vijay Bhalla, professor, and principal, of SGT College of Pharmacy, through their talks on the opening day of the 72nd edition of Indian Pharmaceutical Congress on Friday
Sheth, while speaking on the scope and expansion of startups as well as technological developments in the pharmaceutical industry, said innovation is the practical implementation of an idea as well as a step to create new goods. He talked about “FAANG,” which stands for Facebook, Amazon, Apple, Netflix, and Google, and how the common factor that unites all of these enterprises is “innovation.” “Innovation and startups are two sides of the same coin,
Sheth also discussed the current challenges facing the pharmaceutical industry, as well as the need for innovation to combat the challenges and the path forward.
Bhalla talked about technological advancements in the healthcare and pharmaceutical industry. Since smartphones and computers have reached even the rural areas, he elaborated on how telemedicine can bring about health care revolution in villages that lack medical facilities and doctors Making it clear that telemedicine can only supplement physical healthcare and never substitute it, Bhalla said that physical healthcare will always be necessary and a priority.
On the use of technology, Bhalla said that one should adopt technology like a jockey on a horse “instead of hugging it like a tree and expecting it to grow
