Category — Pharmaceuticals
Under Canada-India scientific and technological cooperation agreement, both the countries will soon begin collaborative research and development in biotechnology including life sciences and medical devices as reported in PharmaBiz
The program aims to stimulate innovative R&D projects, engaging small-to-medium-sized companies and/or larger, well established firms, that address a specific market need or challenge; demonstrate high industrial relevance and commercial potential; and aim to deliver benefit to all participants, and more broadly, to both nations. These projects help participants to become more competitive by developing global research-based alliances with the potential to foster increased or expanded international R&D collaboration.
The Department of Biotechnology (DBT) from India and International Science and Technology Partnerships Canada (ISTPCanada), an NGO selected by the government of Ontario on the Canadian side, have called for proposals from eligible scientists for the project. Researchers and managers of Indian companies, academic institutions, research hospitals or other R&D institutions that are headquartered and operate in India can be part of the project.
Each proposal must include an eligible lead from Ontario and from India. Although it is not mandatory, projects that engage a technology developer and a technology end-user/first customer will strongly be encouraged. Each proposal for the project must identify an eligible lead from Ontario and from India who will be responsible for the development and submission of the joint application within their province or country; be innovative and market-driven, leading to the proposed development of a new product or process leading to commercialization.
November 3, 2013 No Comments
Expenditures on Research & Development by 30 leading Indian pharmaceutical companies have gone up significantly by 19.7 per cent during the year ended March 2013 over the previous year. The focus of R&D by these companies is on new generic products in key therapeutic areas and not on new drug discoveries.
With higher spending on R&D they are set to tap upcoming opportunities from loss of patent exclusivity in the coming years. A net outcome of this trend is higher approvals for ANDAs and DMFs from highly regulated authorities in the USA, Europe and Japan. The higher investment in R&D has assisted well to establish strong presence in emerging markets and overcome fierce competition from multinational players. Biotechnology, CRAMS, and clinical trials will further boost the investments as multinational are looking India as preferred partner in R&D segment with availability of talent pool and affordability.
The R&D expenditure of Ranbaxy Laboratories, Torrent Pharma, Panacea Biotec, Venus Remedies, Parabolic Drugs and Divi’s Laboratories declined during 2012-13. But this was more than made up by increases averaging over 50 percent at some companies, says a report in PharmaBiz; Shasun Pharmaceuticals, Hikal, Unichem Laboratories, Biocon, Natco Pharma, Fresenius Kabi Oncology has pushed their R&D expenditure over 50 per cent during 20112-13. The R&D expenditure of Shasun Pharmaceuticals went up by 179 per cent to Rs.32.37 crore from Rs.11.62 crore and that of Hikal moved up by 139 per cent to Rs.31.85 crore from Rs.13.34 crore. Biocon’s registered strong R&D expenditure growth of 78.5 per cent to Rs.67.30 crore from Rs.37.70 crore. Unichem’s R&D investment jumped to Rs.103.34 crore from Rs.59.17 crore.
Sun Pharmaceutical, Piramal Healthcare, Wockhardt, Jubilant Lifesciences, Ipca Laboratories, Glenmark Pharma also registered handsome growth in R&D expenditure. Sun Pharmaceuticals has incurred R&D spending of Rs.310 crore, a growth of 42 per cent during 2012-13 and that of Jubilant Lifesciences moved up by 37.2 per cent to Rs.143.75 crore. Sun Pharmaceutical Advance Research Company’s R&D expenditure increased by 5.8 per cent to Rs.109 crore, which is higher than its net sales of Rs.87.82 crore during 2012-13
November 3, 2013 No Comments
Mylan Inc, a pharmaceuticals company headquartered in Cecil Township, Pennsylvania completed a $26 million buyout of a new formulation facility in Madhya Pradesh that it picked up from India’s Unichem Laboratories. Mylan also closed on a $32.5 million deal to buy a nearly new, FDA-approved plant in India from SMS Pharmaceuticals. That plant in Vizag manufactures active pharmaceutical ingredients through finished oncology products, including injectable drugs.
November 3, 2013 No Comments
Biocon (a Biotechnology Company with headquarters in Bangalore, India) has received the marketing authorization from the Drugs Controller general of India for Novel Biologic Itolizumab (used for the treatment of chronic plaque Psoriasis). Itolizumab has an excellent safety profile as indicated during the 52-week clinical study conducted in India.
This approval paves the way for the launch, later in 2013, of Biocon’s Alzumab (a differentiated biologic drug) in India. It will treat moderate-to-severe Psoriasis and will be manufactured at the company’s facility in Bangalore.
According to Kiran Mazumdar-Shaw, Managing Director of Biocon, this is the company’s second novel biologic that they have developed in India after BioMab EGFR which is an anti-cancer monoclonal antibody.
April 18, 2013 No Comments
Larsen & Toubro, Hindustan Unilever, Infosys, Tata Consultancy Services and Sun Pharma have made it on Forbes magazine’s list of world’s 50 most innovative firms. L&T led the list as 9th place, followed by HUL (12th), Infosys (19th), Tata Consultancy Services (29th) and Sun Pharma (38th). Note that Hindustan Unilever is a subsidiary of European giant Unilever, but it largely run as a separate business. Larsen & Toubro was started in the 1930s by two Danish immigrants to India but is 100% an Indian company.
Forbes used the “Innovation Premium” to rank firms, which is calculated first by projecting a company’s income from existing businesses, plus anticipated growth from those businesses, and look at the net present value of those cash flows. U.S. companies dominated with the top 7 positions, followed by one each from India, China and Japan.
November 23, 2012 No Comments