Chennai, Feb. 1 -- Dr V Mohan, Chairman of Dr. Mohan's Diabetes Specialities Centre and Madras Diabetes Research Foundation (MDRF) on Sunday welcomedthe move to reduce prices of diabetes and cancer drugs in the union Budget presented by Finance Minister Nirmala Sitharaman.

"My sincere thanks to the Honourable Finance Minister Smt Nirmala Sitharaman and the Honourable Prime Minister Shri NarendraModi ji for introducing the Rs 10,000 crore BioPharma Shakti initiative in the union Budget 2026-27",he said in a statement.

This initiative focuses on reducing the cost of critical anti-diabetic and anti-cancer drugs by strengthening India's capacity to developand manufacture biologic medicines.

It will improve treatment options for diabetes, can...