The amount of Central Research Fund with the Drug Regulatory Authority has reached 5 billion 22 crores.
According to DRAP officials, each pharmaceutical company contributes a percentage of its profits to the Central Research Fund, which was established for research in the pharmaceutical sector.
Drape officials say they are waiting for the federal cabinet’s approval to spend the Central Research Fund, which the Central Research Fund wants to spend on setting up laboratories and improving the condition of existing laboratories.
According to Drape officials, the fund also wants to spend on drug resistance in microbes and establishing new databases, adding representatives of pharmaceutical companies to the central research fund issuing committee.
DRAP officials say that the Central Research Fund should be abolished so that it can be spent on increasing the export of medicines.
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