IBPS Consulting: Regulatory, Development and Quality Assurance Services for Biopharma& Pharmaceutical Sector
Every start-up has a story to tell. It was in Madrid when the first thought of starting a differentiating business occurred to Tamal Raha. Tamal who was living in Madrid at that time, initially with few of his friends thought to start with big data analytics or food kitchen for that matter. Eventually, he realized he required to be more concrete with his decisions rather than just fiddling around with the ideas. “Deep inside, I always felt that there is a need for thinking differently when it comes to high-cost drug development. Everybody talks about accessibility and affordability and do there bit, but I found that the process of thinking is incomplete because there is a delivery pressure for MNCs. We asked a simple question, Can you develop a world-class drug,without cutting corners,yet be pragmatic in your development/ regulatory approach so that you don’t pass on the drug development cost to patients?,” Tamal explicates.
In 2014,he relocated to India–as an employee of an Indian MNCs in
"Besides India, IBPS is working clients in the US, Central and Eastern Europe, China, Latin America, MENA region"
Like any start-ups, the initial days were tough in terms of meeting the expectations of the team, the clients and acquiring big projects. IBPS consulting began with small projects. Soon, the quality of its services helped it to get hold of clients in India – some of which were the leaders in Pharma and Biopharma space. There were also clients from China, Europe, and the USA. “We have strategic partners in India, Taiwan, South Africa, ANZ region, EU, and North America. Now, it’s difficult to ignore us in this space though we are young,” he mentions.
The Road Ahead
With a strong team of eight, IBPS within a short period of time has created its footprints all over India and working with almost all major Pharma MNCs, mid and small size enterprises.“Besides India, we are working for clients in the US, Central and Eastern Europe, China, Latin America, MENA region,” he says.
The company’s primary objective is to create a bigger team in Goa that continues providing the platform for the students who are graduating from local institutes.“In mid to long term,we’ll be looking for certain asset development on our own. But that is investment intensive. We are already in the discussion with few leading institutes in India and also collaborators outside India,” he concludes.