
In an exclusive interview, Dr Cyrus Karkaria, President-Biotechnology, Lupin Limited shares his views on the current market trends and growth prospects of Indian biosimilars industry, company’s key offerings, ongoing initiatives, and future plans
Your views on the current state and trends of India’s biosimilars industry, and how can it capitalize on emerging opportunities?
India’s biosimilars industry is currently experiencing significant growth and transformation. The biosimilars market was valued at approximately $2.2 billion in 2024 and is expected to grow at a compound annual growth rate (CAGR) of 25.2%, reaching around $16.6 billion by 2034. This growth rate is higher than many other countries, driven by India’s cost-effective manufacturing capabilities and strong domestic demand. The country has over 95 approved biosimilars in its domestic market, more than any other country. This high number reflects the country’s robust pipeline and active development efforts.
The biosimilars market is highly competitive, with many players vying for market share. Market leading pharmaceutical companies, including Lupin are spearheading the change in the biosimilars space while focusing on both domestic and international markets. A significant number of biologic drugs are expected to lose patent protection by 2030, creating a substantial opportunity for biosimilar manufacturers. The adoption of biosimilars is increasing due to their potential to transform expensive treatments into more accessible and affordable ones. There is a growing investment in biosimilar research and development, driven by both private and government initiatives. Rising prevalence of chronic diseases and increased healthcare awareness are boosting demand for affordable biosimilar treatments.
By adhering to international regulatory standards, Indian companies can streamline their entry and enhance market share in regulated markets. India’s cost-effective manufacturing capabilities provide a competitive edge. By leveraging this, companies can offer high-quality biosimilars at lower prices, making them attractive in both domestic and international markets. Collaborations with global pharmaceutical companies can help Indian firms gain access to advanced technologies and markets, enhancing their global footprint.
Which factors have shaped Lupin’s biosimilars portfolio and global strategy?
Lupin’s biosimilars portfolio and global strategy are driven by a combination of factors which enable Lupin to capitalize on emerging opportunities and enhance its global presence in the biosimilars industry. The company has made substantial investments in research and development, and established multiple research centers, including Lupin Research Park, and Lupin Bioresearch Center. Lupin has developed end-to-end capabilities: “Vial-to-Vial” for biosimilar development.
Lupin has had a strong track record of successful scale-ups and cost-effective, high yielding manufacturing processes. It has invested in building world-class manufacturing capabilities and adopting a robust Quality culture, to sustain the competitive edge in the long term. The company has formed strategic partnerships with international organizations and research institutions to enhance its biosimilars development capabilities along the value chain. Additionally, collaboration with local companies in US, EU, Japan, MENA and LATAM has helped Lupin expand its commercial footprint and reach in global markets.
Adherence to global standards has been the Mantra at Lupin! Lupin’s biosimilars are developed in compliance with international regulatory standards, including those set by the US FDA, EMA, WHO, PMDA, and Indian regulatory bodies. Lupin’s biosimilars meet stringent quality and safety requirements, facilitating smoother market entry and acceptance in regulated markets. The company has built a strong pipeline of biosimilars targeting various therapeutic areas including autoimmune diseases, oncology, and ophthalmology, among others. Key products like Etanercept (Nepexto®/Rymti), Filgrastim (Lupifil®), Peg-Filgrastim (Lupifil-P®), Ranibizumab (Ranieyes) have been gaining approval in multiple markets, showcasing Lupin’s ability to develop and commercialize complex biosimilars.
In what ways is Lupin integrating advanced technologies to improve bioprocessing and accelerate the development of recombinant proteins and vaccines?
Lupin is leveraging several advanced technologies to enhance bioprocessing and accelerate the development of recombinant proteins and vaccines. The company utilizes optimized cell line technology platforms to improve the efficiency and yield of recombinant protein production. We employ high-throughput screening methods to expedite the selection and assessment of recombinant proteins. The automation and digitalization are integral to Lupin’s bioprocessing strategy. Automated systems for cell culture, purification, and quality control enhance consistency and efficiency, while digital tools for data analysis and process monitoring improve decision-making and process optimization. Lupin is exploring modular bioprocessing systems to facilitate flexible and scalable manufacturing. These systems allow for easier transfer of bioprocessing operations across different sites and can be rapidly adapted to meet changing production needs.
“Lupin’s biosimilars are developed in compliance with international regulatory standards, including those set by the US FDA, EMA, WHO, PMDA, and Indian regulatory bodies.”