The document discusses expectations from pharmacy students and institutions by the pharmaceutical industry. It notes that current graduates lack practical skills and awareness of industry trends. It calls for periodic updates to pharmacy curricula to reflect rapid changes in the industry's focus, direction, and functioning. The expectations of key industry departments like R&D, clinical research, quality assurance, and regulatory affairs are outlined. These include training students in areas like drug development, clinical trials, quality control, and regulatory guidelines. The document recommends reforms to teaching methods and greater industry exposure for faculty and students through workshops, training, and consultancy to bridge gaps between education and industry needs.