Consider the following statements regarding the “National Biopharma Mission”: 1. It is an Industry-Academia Collaborative Mission of Department of Biotechnology (DBT). 2. It is co-funded by the Asian Development Bank and is being implemented at Biotechnology Research Assistance Council (BIRAC). Which of the statements given above is/are correct?

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: A

Notes:

National Biopharma Mission is an Industry-Academia Collaborative Mission of Department of Biotechnology (DBT).

It aims for accelerating discovery research to early development for Biopharmaceuticals approved by the Cabinet for a total cost US$ 250 million.
It is 50% co-funded by the World Bank is being implemented at Biotechnology Research Assistance Council (BIRAC).
This program is dedicated to deliver affordable products to the nation with an aim to improve the health standards of India’s population.