Seoul, June 06: India, South Korea, the US, Japan, and the European Union (EU) on Thursday launched an alliance to put joint efforts to build a resilient supply chain in the biopharmaceutical sector.
The inaugural meeting of the Biopharmaceutical Alliance was held in San Diego during the Bio International Convention 2024, the world’s largest biopharmaceutical exhibition, Yonhap news agency reported.
The participants emphasised the importance of a reliable and sustainable supply chain and agreed to coordinate the respective countries’ bio policies, regulations, and research and development support measures.
The alliance was launched in response to the drug supply shortages experienced during the Covid-19 pandemic.
South Korea and the US agreed to hold their dialogue on core emerging technologies in December, and expanded it to include Japan, India, and the EU, the report said.
