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	<title>Pharmaceutical Industry &#8211; Dutch Uncles</title>
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	<description>Market Intelligence &#38; Mentoring Resources for Startups and Small businesses &#124; Dutch Uncles</description>
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		<title>Retail Pharmacy Chain&#8217;s IPO Plans in 2021</title>
		<link>https://dutchuncles.in/academy/retail-pharmacy-chains-ipo-plans-in-2021/</link>
					<comments>https://dutchuncles.in/academy/retail-pharmacy-chains-ipo-plans-in-2021/#respond</comments>
		
		<dc:creator><![CDATA[Shalmoli Sarkar]]></dc:creator>
		<pubDate>Tue, 09 Nov 2021 10:10:04 +0000</pubDate>
				<category><![CDATA[ACADEMY]]></category>
		<category><![CDATA[Data, Information and Tools]]></category>
		<category><![CDATA[Featured]]></category>
		<category><![CDATA[Pharmaceutical Industry]]></category>
		<category><![CDATA[Retail]]></category>
		<guid isPermaLink="false">https://dutchuncles.in/?p=38725&#038;preview=true&#038;preview_id=38725</guid>

					<description><![CDATA[<p>2021 is a year of rare IPO announcements. First, it was a food aggregator platform, next was an online cosmetic and beauty product marketplace and now the listed healthcare space which is dominated by the pharmaceutical companies is witnessing IPO announcements from retail pharmacy chains Wellness Forever and MedPlus. The pandemic-induced health-conscious attitude is resulting […]</p>
<p>The post <a rel="nofollow" href="https://dutchuncles.in/academy/retail-pharmacy-chains-ipo-plans-in-2021/">Retail Pharmacy Chain’s IPO Plans in 2021</a> appeared first on <a rel="nofollow" href="https://dutchuncles.in">Dutch Uncles</a>.</p>
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					<div class="elementor-text-editor elementor-clearfix"><p align="left">2021 is a year of rare IPO announcements. First, it was a food aggregator platform, next was an online cosmetic and beauty product marketplace and now the listed healthcare space which is dominated by the pharmaceutical companies is witnessing IPO announcements from retail pharmacy chains Wellness Forever and MedPlus.</p><p>The pandemic-induced health-conscious attitude is resulting in a new idea of health that involves being the best version of oneself. This new behaviour is paving the market of nutraceuticals, herbceuticals, immunity-boosting supplements of both domestic and non-domestic brands. Moreover, an increase in affordability is driven by rising disposable incomes, and these retail pharma chains making the fast-moving health goods available on their shelves is the reason behind the growth of these retail pharma chains which otherwise was largely dominated by unorganised players.</p><p>Wellness Forever’s revenues grew up to Rs 924.02 crore for the financial year that ended 31st March 2021 from Rs 863.25 crore in 2020.</p><p>Similarly, Gangadi Madhukar Reddy’s pharma retail chain Medplus registered revenues worth Rs 3090 crore in 2021 as compared to Rs 2887 crore in 2020 thereby generating profits worth Rs 11.92 crore. </p></div>
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			<h3 class="elementor-heading-title elementor-size-default">The stocks are turning out to be multibaggers ahead of the festive season.</h3>		</div>
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					<div class="elementor-text-editor elementor-clearfix"><h2><strong>IPO plans of the retail pharmacy chains </strong></h2><h3><strong>MedPlus Healthcare</strong></h3><p>MedPlus Healthcare Services have filed DRHP with SEBI to raise Rs 1639 crore through the IPO. The offer is further segregated into Rs 600 crore as the fresh issue and Rs 1039 for an offer for sale (OFS) by existing promoters. With the funds raised it will strongly focus on expanding its store network. In addition to the expansion, it intends to Rs 467 crore from the IPO funds for working capital requirements of its subsidiary Optival Health Solutions, which is India’s omnichannel retail pharmacy. Under the umbrella of Optival Health, it has an array of businesses such as : </p><ul><li><p><strong>MedPlus Mart:</strong> Order medicines and drugs online. </p></li><li><p><strong>MedPlus ab.com:</strong> Quality diagnostic testing within the comfort of home. </p></li><li><p><strong>MedPlus Lens:</strong> Purchase frames, lenses, sunglasses, and contact lenses at affordable prices. </p></li><li><p><strong>Ritecure:</strong> Offers wholesale medical and surgical supplies and hospital pharmacy management to hospitals.</p></li></ul><p>Businesses these days are adopting an omnichannel approach for better customer retention, high customer satisfaction, and improved inventory management. </p><p>Beginning from 48 stores in Hyderabad, MedPlus Healthcare now has over 2000 stores spanning across Tamil Nadu, Andhra Pradesh, Telangana, Karnataka, Odisha, West Bengal, and Maharashtra. </p><h3><strong>Wellness Forever </strong></h3><p>Wellness Forever is the third-largest pharmacy chain in the country with its presence in 23 cities majorly in West India such as Mumbai, Pune, Kolhapur, Satara, Goa, and Karnataka. It houses all the domestic and international nutraceutical and global This omnichannel retail pharmacy through the IPO which is already released in the end-September plans to raise Rs 1500-1600 crore. The IPO offer will consist of a primary issue and an offer for the sale of shares by existing investors. Wellness Forever plans to expand to 1000 stores by 2023 utilising the IPO funds. </p><h2><strong>Should investors invest in retail pharmacy chains? </strong></h2><p class="western">The importance of pharmacies has come to the forefront with the outbreak of the virus. Amidst India’s, unorganised and fragmented pharmacy retails these modern retail pharmacy chains are expected to grow steadily, have low business risk and deliver good returns. Also, with the rise in public healthcare expenditure, pharmaceuticals have become more accessible, thereby will fuel the <a href="https://dutchuncles.in/featured/future-of-online-pharmacies-in-india/">pharmacy retail market</a>, especially in rural areas and tier-II cities.</p></div>
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		<p>The post <a rel="nofollow" href="https://dutchuncles.in/academy/retail-pharmacy-chains-ipo-plans-in-2021/">Retail Pharmacy Chain&#8217;s IPO Plans in 2021</a> appeared first on <a rel="nofollow" href="https://dutchuncles.in">Dutch Uncles</a>.</p>
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		<title>Women Entrepreneurship, Biotech Innovations and Global Patents</title>
		<link>https://dutchuncles.in/du-live/women-entrepreneurship-biotech-innovations-and-global-patents/</link>
					<comments>https://dutchuncles.in/du-live/women-entrepreneurship-biotech-innovations-and-global-patents/#respond</comments>
		
		<dc:creator><![CDATA[Abhilash Bapanasha]]></dc:creator>
		<pubDate>Tue, 20 Jul 2021 15:51:37 +0000</pubDate>
				<category><![CDATA[DU LIVE]]></category>
		<category><![CDATA[Past]]></category>
		<category><![CDATA[Innerview]]></category>
		<category><![CDATA[Pharmaceutical Industry]]></category>
		<category><![CDATA[Technology]]></category>
		<category><![CDATA[Trademarks and Patents]]></category>
		<category><![CDATA[Women Entrepreneur]]></category>
		<guid isPermaLink="false">https://dutchuncles.in/?p=33806&#038;preview=true&#038;preview_id=33806</guid>

					<description><![CDATA[<p>Dr. Shrilakshmi Desiraju a pioneer in Probiotics Space is the Co-founder and CEO of Triphase Pharmaceuticals. After relocating from Canada to India, Dr. Desiraju started her journey of innovation with Triphase in the field of Probiotics in 2009. Triphase has successfully raised funds (up to 1 Crore) from debt financing under CGTMSE scheme, funds from […]</p>
<p>The post <a rel="nofollow" href="https://dutchuncles.in/du-live/women-entrepreneurship-biotech-innovations-and-global-patents/">Women Entrepreneurship, Biotech Innovations and Global Patents</a> appeared first on <a rel="nofollow" href="https://dutchuncles.in">Dutch Uncles</a>.</p>
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					<div class="elementor-text-editor elementor-clearfix"><p>Dr. Shrilakshmi Desiraju a pioneer in Probiotics Space is the Co-founder and CEO of Triphase Pharmaceuticals. After relocating from Canada to India, Dr. Desiraju started her journey of innovation with Triphase in the field of Probiotics in 2009. Triphase has successfully raised funds (up to 1 Crore) from debt financing under CGTMSE scheme, funds from angel investors and also secured series A venture funding by a fortune 500 pharma company to develop robust Research and Development in the field of Probiotics.</p><p>Triphase was awarded a US, Canadian and European PATENT for the technology by which Probiotics bacteria could withstand temperatures of up to 240 degrees. This is the first time in the world that a disruptive platform innovation has been successfully completed. In one single stroke the company had eliminated any need for cold storage which meant a huge cost saving in the probiotic industry. A state of art research and development wing for probiotic research at Mysore has been established since 2009.</p><p>Dr. Desiraju was the speaker for ‘Innerview &#8211; Only the Paranoid Survive’, our weekly live 45-minute motivational and inspirational talk show which features interviews of industry experts who bring forth informative and life experiences and techniques to help shape and gear you up, to succeed. Dr. Desiraju is an MBA in Technology Commercialisation from University of Alberta; PhD in Medicinal Chemistry from Vikram University and a postdoctoral from the Indian Institute of Science. The first big challenge that Triphase solved was in eliminating the cold chain from the Probiotics industry.</p></div>
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			<h3 class="elementor-heading-title elementor-size-default">Investors look out for clarity is what I have understood and believe me I understood it after pitching it to 180 people. So, you have to make sure that you keep it as simple as possible.</h3>		</div>
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					<div class="elementor-text-editor elementor-clearfix"><p><em><strong>Here are some excerpts from the interview:</strong></em></p><h3>How did you solve this challenge of eliminating coal chains from the probiotic industry?</h3><p>The probiotics are nothing but good bacteria. We realised that probiotics or these bacteria have to be kept at two to eight degrees that is the refrigeration temperature. That refrigeration temperature is the only way that we can actually take these probiotics in our body where it is known to increase immunity. So, the first research topic that we understood was that can we make this probiotics temperature stable. We did this by simple fermentation process but it is a proprietary intellectual property issue as well as these are simple fermentation media that we play around with to make these probiotics which are the natural gut bacteria which we make high temperature stable. So, our probiotics which otherwise would have been left at two to eight degrees are now stable up till 240 degrees centigrade and that changed the whole game in the area of probiotics because now you can put probiotics in confectionery and bake your breads or make cookies out of it and this otherwise was not possible.</p><h3>When we talk about this patent, Triphase, your company was awarded a US, Canadian and European patent for this technology. So, can you please tell us more about it?</h3><p>We found out the problem that we wanted to solve. The solution to it, we saw that there is a competitive advantage because there were not many companies who were doing it. It is not just that there was only one technology which was at par but that technology also could not take the probiotics to 70 degrees or not more than that. This was another thing that allowed us to stay competitively way ahead in the game. Once that happened the next thing was to do IP protection. As the gestation period in biotech or life sciences is longer, there is a need to <a href="https://dutchuncles.in/featured/as-a-startup-and-small-business-owner-how-can-you-protect-your-intellectual-property-rights/">protect your intellectual property</a> so that you have some time limit that you can actually monetise it. The first thing we did was to find a provincial IP both in India as well as in the US. The US patent attorney lawyers told us to put it on a fast track and in a year&#8217;s time or in a year and a half, the US patent came through. The beauty of the US patent is that they not only patented our process in the technology that we developed but they also allowed us to patent the microbes which is unheard of because microbes are something which are natural. You do not get patents on microbes but since this thermal variant of these microbes were developed through a technology and the name of the technology, we call it strain boost technology, and a US patent was given to us. European patents took some longer time but actually we got it by defending our patent in a much stronger way. Canadian patent came out after that and the Indian patent must be on its way. So yes, patenting was the strategy for Triphase right from the beginning.</p></div>
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					<div class="elementor-text-editor elementor-clearfix"><h2>Audience Asks</h2><h3>Pitching your research and solution to investors is challenging. What was your experience?</h3><p>Absolutely pitching your research and solution to investors is challenging. Please follow this path. Whenever there is a project, I make these five slides for myself. If you do this then you will be able to tell the investor in 30 seconds – this is the market pain, this is the solution, this is the market I am going after and I can do it because of the credentials. So, this is how you channelise it.</p><p>Investors look out for clarity is what I have understood and believe me I understood it after pitching it to 180 people. So, you have to make sure that you keep it as simple as possible. Another thing which helped me to pitch into the investor was I was very upfront, saying I can do this and I cannot do this. I had told my investors very clearly that I am good at doing research. I do not know how to handle manufacturing or labourers or I even do not know how to handle sales. So, we ended up making a model which actually benefited both of us.</p><p>Look out for investors who you want them to be investing in you not just because they have money but because every business is different. Some businesses in the IT sector require a different strategy of investors. The businesses like ours which have a long gestation require a different strategy so you need to understand what your business requires.</p></div>
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					<div class="elementor-text-editor elementor-clearfix"><h3>When should one consider patenting this and what are the challenges one can expect in the process?</h3><p>You should start putting the initial patent application as soon as you are able to go ahead with your idea. When you put in the first application at least you know you have 18 months to prove whether it is happening or not happening so you should take that step very early. It requires only twenty thousand rupees or thirty thousand rupees initially to put this actually on paper and file it so that your idea is safe. Well, challenges are immense. You have to defend your patent so you need to know exactly what you want to do in that patent and keep your area of work only in that direction. This is the best time in India to start up your company. I have benefited from the MSME website. So whatever patenting I did, all the patent money has been reimbursed to me from the government. Under the MSME scheme they have this provision that if you are patenting and if the patent is granted, for Indian patent they give you upto 2 lakhs and for an international patent you get up to 10 lakhs.</p></div>
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										<img width="696" height="272" src="https://dutchuncles.in/wp-content/uploads/2021/07/Shrilakshmi-2-1024x400.jpg" class="attachment-large size-large" alt="Innerview with Dr. Shrilakshmi Desiraju" loading="lazy" srcset="https://dutchuncles.in/wp-content/uploads/2021/07/Shrilakshmi-2-1024x400.jpg 1024w, https://dutchuncles.in/wp-content/uploads/2021/07/Shrilakshmi-2-300x117.jpg 300w, https://dutchuncles.in/wp-content/uploads/2021/07/Shrilakshmi-2-768x300.jpg 768w, https://dutchuncles.in/wp-content/uploads/2021/07/Shrilakshmi-2-1536x600.jpg 1536w, https://dutchuncles.in/wp-content/uploads/2021/07/Shrilakshmi-2-150x59.jpg 150w, https://dutchuncles.in/wp-content/uploads/2021/07/Shrilakshmi-2-600x234.jpg 600w, https://dutchuncles.in/wp-content/uploads/2021/07/Shrilakshmi-2-696x272.jpg 696w, https://dutchuncles.in/wp-content/uploads/2021/07/Shrilakshmi-2-1392x544.jpg 1392w, https://dutchuncles.in/wp-content/uploads/2021/07/Shrilakshmi-2-1068x417.jpg 1068w, https://dutchuncles.in/wp-content/uploads/2021/07/Shrilakshmi-2-1075x420.jpg 1075w, https://dutchuncles.in/wp-content/uploads/2021/07/Shrilakshmi-2.jpg 1920w" sizes="(max-width: 696px) 100vw, 696px" />											</div>
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					<div class="elementor-text-editor elementor-clearfix"><p>When asked to summarise her journey from Mysore to Canada in one line, she flawlessly uttered ‘Be flexible and look out for opportunities.’ Being an inspiration for many <a href="https://dutchuncles.in/aspire/womenpreneurs-in-making-a-guide-for-aspiring-women-entrepreneurs/">womenpreneurs</a> across the length and breadth of the country, Dr. Desiraju highlighted the present time to be best for them. Only that the opportunity has to be made use of by understanding and getting oneself involved. In her words, “We really need to see some unicorns coming out. We have seen a few and we really need to see some real good women unicorns coming out. I am hoping that very soon we will be seeing that.”</p></div>
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		<p>The post <a rel="nofollow" href="https://dutchuncles.in/du-live/women-entrepreneurship-biotech-innovations-and-global-patents/">Women Entrepreneurship, Biotech Innovations and Global Patents</a> appeared first on <a rel="nofollow" href="https://dutchuncles.in">Dutch Uncles</a>.</p>
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		<title>Trending Marketing Strategies by Pharma Companies in Pandemic</title>
		<link>https://dutchuncles.in/featured/trending-marketing-strategies-by-pharma-companies-in-pandemic/</link>
					<comments>https://dutchuncles.in/featured/trending-marketing-strategies-by-pharma-companies-in-pandemic/#respond</comments>
		
		<dc:creator><![CDATA[Shalmoli Sarkar]]></dc:creator>
		<pubDate>Wed, 23 Jun 2021 10:35:02 +0000</pubDate>
				<category><![CDATA[BUILD]]></category>
		<category><![CDATA[Featured]]></category>
		<category><![CDATA[Traction]]></category>
		<category><![CDATA[Marketing]]></category>
		<category><![CDATA[Pharmaceutical Industry]]></category>
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					<description><![CDATA[<p>In the wake of the largest human health crisis, the hospitals, clinics, and doctors are overwhelmed with their duties and responsibilities, leaving them with a meagre amount of time to hear a pharma sales representative’s sales pitch.The pharma industry invariably relies on its large field force of sales representatives with its target audience predominantly doctors, […]</p>
<p>The post <a rel="nofollow" href="https://dutchuncles.in/featured/trending-marketing-strategies-by-pharma-companies-in-pandemic/">Trending Marketing Strategies by Pharma Companies in Pandemic</a> appeared first on <a rel="nofollow" href="https://dutchuncles.in">Dutch Uncles</a>.</p>
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					<div class="elementor-text-editor elementor-clearfix"><p style="font-weight: 400">In the wake of the largest human health crisis, the hospitals, clinics, and doctors are overwhelmed with their duties and responsibilities, leaving them with a meagre amount of time to hear a pharma sales representative’s sales pitch.The pharma industry invariably relies on its large field force of sales representatives with its target audience predominantly doctors, however, the onset of Covid-19 has disrupted the physical visits with doctors. Even if a few lucky representatives got a chance to enter the hospital or chamber, their productivity was suboptimal since most doctors avoided meeting them or were asked to show their product manuals and brochures from a distance. Several pharma companies have realised that the lack of CRM systems reduced their marketing efficiencies by not being able to classify potential leads resulting in repetitive market visits and calls thus, consuming time and other resources. Given the current state of adversity, the earlier marketing strategies adopted by pharma marketing seem passe’, and turning to digital methods is inevitable.</p></div>
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			<h3 class="elementor-heading-title elementor-size-default">The onset of Covid-19 has disrupted the physical visits with doctors therefore hampering the on-field sales and marketing strategies of pharma companies. </h3>		</div>
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					<div class="elementor-text-editor elementor-clearfix"><h2 style="font-weight: 400">Here are some of the marketing trends that will disrupt pharma marketing and will act as tailwinds for the industry’s growth: </h2><ul style="font-weight: 400"><li><strong>Content Marketing:</strong> Content marketing is an approach focused on the creation, sharing, and distribution of valuable content<strong>. </strong>Pharma companies are restricted from direct advertising of drugs, which is a barrier. With such restrictions, content marketing becomes their saviour since it provides long-term results without requiring the need to openly market their products. Through content marketing, we can focus on winning new customers and retain the existing ones. Under the ambit of content marketing, pharma companies can deploy informative videos, conduct webinars, guides for healthcare providers, industry reports and establish themselves as problem solvers. A perfect instance of content marketing can be -Johnson &amp; Johnson’s ‘Care for Care’ campaign &#8211; a combination of blog, emotive messaging, thoughtful social media content, and alluring visuals that made it share-worthy and garnered 26 million likes on social media. </li><li><strong>AI-Powered Chatbots:</strong> Global pharma companies like Johnson &amp; Johnson and MedxNote have implemented chatbots as part of their marketing strategy. Chatbots powered by AI resemble human conversation and provide immediate response to doctor’s queries in real-time. They can be used to market products and clarify the concerns of doctors regarding medicine usage, provide information on medicine formulations, and the research conducted on a specific drug. The movement restrictions in the pandemic have crippled the supply chain resulting in irregularities of medicine supply and no inventory in local medicine shops. Here, a D2C process can be established where patients can order medicines that were earlier prescribed by doctors directly from its app or website via chatbots for doorstep delivery.</li><li><strong>AR/VR for immersive marketing:</strong> Printed product manuals and brochures will no longer be effective. The use of AR and VR systems will take precedence over the conventional marketing methods for creating an immersive experience. The use of AR/VR can effectively explain the working of medicines engagingly. Novartis has recently partnered with Microsoft to create virtual reality systems. GlaxoSmithKline has launched a VR-driven campaign named -The Migraine Experience for its product Excedrin. The VR headset simulated a migraine environment where users could program their specific symptoms such as blind spots, auras, and sensitivity to light so that they could experience the traumas for themselves.</li><li><strong>Working with Sportsperson as an influencer:</strong> Doctors are informed individuals and keep track of drug advancements and new developments in the industry. It is, therefore, recommended that pharma companies should collaborate with renowned sportspersons to entrust belief regarding product performance to maximise reach. For instance, Amcal Pharma to boost awareness on its diabetic product range shacked hands with diabetic supercar driver Jack Perkins. It followed a social media strategy by publishing posts on Instagram about Amcal helps him to keep his diabetes under control. This strategy benefitted Amcal Pharma to receive exposure from Jack Perkin’s 21000 followers. </li><li><strong>Use of CRM systems: </strong>AI chatbots can be integrated with the CRM systems of the company that can automate redundant processes which a pharma sales representative undergoes. CRM systems can send automatic reminders, set online meetings with physicians, send push notifications, place sample orders, etc thus saving time and helping representatives to focus on core tasks such as building personalised relationships with doctors.<h2><strong>What is in it for Pharma Companies? </strong></h2><p style="font-weight: 400">With on-ground physical marketing activities on a halt, pharma company marketers have to adapt to digital and online channels of marketing to enhance customer touchpoints. Having a high-quality website with updated search engines, building a community of doctors and medicine retailers and the use of smart chatbots in the websites will help in better connectivity also assisting a medical practitioner with their queries will develop personalised connections and effective marketing.</p></li></ul></div>
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		<p>The post <a rel="nofollow" href="https://dutchuncles.in/featured/trending-marketing-strategies-by-pharma-companies-in-pandemic/">Trending Marketing Strategies by Pharma Companies in Pandemic</a> appeared first on <a rel="nofollow" href="https://dutchuncles.in">Dutch Uncles</a>.</p>
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		<title>What’s the Profit being Made by Serum CEO Adar Poonawalla?</title>
		<link>https://dutchuncles.in/featured/whats-the-profit-being-made-by-serum-ceo-adar-poonawalla/</link>
					<comments>https://dutchuncles.in/featured/whats-the-profit-being-made-by-serum-ceo-adar-poonawalla/#respond</comments>
		
		<dc:creator><![CDATA[Anju Nambiar]]></dc:creator>
		<pubDate>Fri, 30 Apr 2021 11:52:35 +0000</pubDate>
				<category><![CDATA[BUILD]]></category>
		<category><![CDATA[Featured]]></category>
		<category><![CDATA[Traction]]></category>
		<category><![CDATA[COVID-19 Vaccine]]></category>
		<category><![CDATA[Government of India]]></category>
		<category><![CDATA[Pharmaceutical Industry]]></category>
		<category><![CDATA[Profit]]></category>
		<guid isPermaLink="false">https://dutchuncles.in/?p=26036&#038;preview=true&#038;preview_id=26036</guid>

					<description><![CDATA[<p>Adar Poonawalla, the CEO of the Serum Institute of India is one of the most important men in the country today. Not only because he is leading the world’s largest vaccine producer, but also because of the scrutiny faced by him. Serum Institute’s ‘Covishield’ is developed outside the country but is licensed in India. The […]</p>
<p>The post <a rel="nofollow" href="https://dutchuncles.in/featured/whats-the-profit-being-made-by-serum-ceo-adar-poonawalla/">What’s the Profit being Made by Serum CEO Adar Poonawalla?</a> appeared first on <a rel="nofollow" href="https://dutchuncles.in">Dutch Uncles</a>.</p>
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					<div class="elementor-text-editor elementor-clearfix"><p><span style="font-weight: 400">Adar Poonawalla, the CEO of the Serum Institute of India is one of the most important men in the country today. Not only because he is leading the world’s largest <a href="https://dutchuncles.in/discover/kerala-startup-mission-develops-wolf-airmask-to-reduce-circulation-of-covid-19/">vaccine</a> producer, but also because of the scrutiny faced by him. </span></p><p><span style="font-weight: 400">Serum Institute’s ‘Covishield’ is developed outside the country but is licensed in India. </span></p><p><span style="font-weight: 400">The second leading Indian vaccine for the fight against Covid-19 is ‘Bharat Biotech Limited’s Covaxin’. </span></p><p><span style="font-weight: 400">Adar Poonawalla’s Covishield is currently producing 2 Million doses per day to take on the second, more deadly wave of the Coronavirus pandemic. </span></p><p><span style="font-weight: 400">While this number has been varying every month, the Serum Institute is churning out approximately 60-65 M doses on a minimum every month and has already delivered 100 M doses. </span></p><h2><b>Profits being made by Adar Poonawalla</b></h2><p><span style="font-weight: 400">Poonawalla’s Serum Institute is making profits but not super profits which are necessary for reinvestments. Poonawalla is struggling to make profits in the current climate. Serum Institute is obligated to make payoffs. It&#8217;s vital that the company make profits since diverting all of the production to meet local needs is not feasible. </span></p><p><span style="font-weight: 400">A total of 19 states have already placed orders for 340 million doses of Covishield while 18 Million orders were received from private hospitals. At Rupees 300 per dose, and 50% of the royalty being placed in the hands of AstraZeneca as royalty, the pharma company is barely making a profit enough to support manufacturing. </span><span style="font-weight: 400"> </span></p><p><span style="font-weight: 400">Covishield’s pricing is being controlled by the Indian Government which has failed to do its bit in ensuring profits for Serum Institute and Adar Poonawalla. Presently, Covishield is profitable on a per dose basis since a price hike was done. Since Serum was losing money at 150 Rupees per dose which was the Central Government’s mandated price, the price hike was seen as necessary. </span></p></div>
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			<h3 class="elementor-heading-title elementor-size-default">The answer is that Serum is selling the vaccine at a loss to the centre and with the price disparity, huge profits are not being made.</h3>		</div>
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					<div class="elementor-text-editor elementor-clearfix"><h2><b>Adar Poonawalla: National Hero or Tough businessman?</b></h2><p><span style="font-weight: 400">Adar Poonawalla’s efforts to roll out Made in India vaccines led to him being viewed as a national hero. But the scrutiny around the vaccine’s pricing is leading people to believe that he is just another tough businessman profiteering off a pandemonium. </span></p><p><span style="font-weight: 400">The price disparity between sale of vaccines to states (INR 300) versus to the Central Government (INR 150) received heavy criticism amidst demands for ‘One Vaccine One Price’. But the Serum Institute is offering subsidised rates to the Government at their behest amidst a killer second wave that has already claimed unaccounted lives in under two weeks.</span></p><p><span style="font-weight: 400">Serum Institute has priced their vaccines to ridiculously low levels so that the country’s impoverished can get access to their shots. [They were in fact expecting the Indian Government to step in and help ensure that profits were made. But the Government failed to make it.] Serum Institute and Adar Poonawalla have sacrificed profits and the global vaccination industry, including the one in India, has sacrificed billions to ensure that citizens sail through the pandemic. </span></p><h2><b>Covishield making big bucks or supplying at a loss?</b></h2><p><span style="font-weight: 400">Serum Institute’s Covishield Vaccines are being supplied, but there’s a problem. The discriminatory prices set against the centre and the states raises the question of the company’s profit or loss. </span></p><p><span style="font-weight: 400">The answer is that Serum is selling the vaccine at a loss to the centre and with the price disparity, huge profits are not being made. The company is making a loss of approximately Rupees 150 per dose. </span></p></div>
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					<div class="elementor-text-editor elementor-clearfix"><h2><b>What&#8217;s in it for me? </b></h2><p><span style="font-weight: 400">Serum Institute and other vaccine producers like Bharat Biotech are very stressed to meet capacities. They are short of supply to meet the needs of every individual within the country and abroad. These vaccine producers can fulfil demand and make profits only when other vaccine producers also scale up their capacities.</span></p><p><span style="font-weight: 400">The possibility of obtaining exclusive manufacturing rights and vaccine patents look bleak at the moment. By following in the footsteps of Serum Institute, through technology transfers and license procurement, vaccine producers and pharmaceutical companies in India need to gear up for the coming months.</span></p></div>
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		<p>The post <a rel="nofollow" href="https://dutchuncles.in/featured/whats-the-profit-being-made-by-serum-ceo-adar-poonawalla/">What’s the Profit being Made by Serum CEO Adar Poonawalla?</a> appeared first on <a rel="nofollow" href="https://dutchuncles.in">Dutch Uncles</a>.</p>
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		<title>Managing things with common sense and foolish courage: Kiran Mazumdar-Shaw</title>
		<link>https://dutchuncles.in/discover/managing-things-with-common-sense-and-foolish-courage-kiran-mazumdar-shaw/</link>
					<comments>https://dutchuncles.in/discover/managing-things-with-common-sense-and-foolish-courage-kiran-mazumdar-shaw/#comments</comments>
		
		<dc:creator><![CDATA[Aakash Sharma]]></dc:creator>
		<pubDate>Mon, 08 Mar 2021 00:30:06 +0000</pubDate>
				<category><![CDATA[DISCOVER]]></category>
		<category><![CDATA[Featured]]></category>
		<category><![CDATA[Biocon]]></category>
		<category><![CDATA[Kiran Mazumdar-Shaw]]></category>
		<category><![CDATA[Pharmaceutical Industry]]></category>
		<category><![CDATA[Technology]]></category>
		<category><![CDATA[Women Entrepreneur]]></category>
		<guid isPermaLink="false">https://dutchuncles.in/?p=17321&#038;preview=true&#038;preview_id=17321</guid>

					<description><![CDATA[<p>Kiran Mazumdar-Shaw is an Indian billionaire, businesswoman and Chairman-CEO of Biocon Limited, a biotechnology company based in Bangalore. She was born on March 23, 1953, in Pune, India. In 1968, she finished high-school at the Bishop’s Cotton Girl’s High School. With a childhood dream of becoming a doctor, she took a different path to the […]</p>
<p>The post <a rel="nofollow" href="https://dutchuncles.in/discover/managing-things-with-common-sense-and-foolish-courage-kiran-mazumdar-shaw/">Managing things with common sense and foolish courage: Kiran Mazumdar-Shaw</a> appeared first on <a rel="nofollow" href="https://dutchuncles.in">Dutch Uncles</a>.</p>
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					<div class="elementor-text-editor elementor-clearfix"><p><span style="font-weight: 400">Kiran Mazumdar-Shaw is an Indian billionaire, businesswoman and Chairman-CEO of </span><b>Biocon Limited</b><span style="font-weight: 400">, a biotechnology company based in Bangalore. She was born on March 23, 1953, in Pune, India. In 1968, she finished high-school at the Bishop&#8217;s Cotton Girl&#8217;s High School. </span></p><p><span style="font-weight: 400">With a childhood dream of becoming a doctor, she took a different path to the world of medicine. She went on to graduate from the University of Bangalore with Honors in Bachelor of Science in 1973. Her father, Rasendra Mazumdar, was the head brewmaster at United Breweries. He suggested that she study fermentation science and train to be a brewmaster, a very non-traditional field for women. </span></p><p><span style="font-weight: 400">Two years later, she completed her post-graduate studies from Ballarat College, Melbourne University, qualifying as a master brewer. </span></p><h2><strong>Starting the Career- The Not So Easy Journey</strong></h2><p><span style="font-weight: 400">Kiran Mazumdar-Shaw&#8217;s career began as an in-house winemaker at Carlton &amp; United Beverages. After working there for four years, she transferred her position to Biocon Biochemicals Limited, an Irish <a href="https://dutchuncles.in/discover/home-to-200-pharmaceutical-units-whats-the-future-of-pharma-start-ups-in-andhra-pradesh/">biochemical company</a>. In the same year, she began Biocon in India with a start-up capital of Rs 10,000.</span></p><p><span style="font-weight: 400">As she faced a severe lack of funds, establishing the business was not easy. All the banks she turned to for help, hesitated in offering the aid as India&#8217;s knowledge of biotechnology was not well established in the 1970s. Of course, her being a woman was a critical deciding factor. To persuade banks and investors to invest in businesses run by women was a tremendously difficult task, and sadly it still is for many. </span></p><p><span style="font-weight: 400">An enterprising woman was a scarce idea for Indians, and a woman who had the goals of introducing a whole new domain was even more unsettling for them. Her gender identity made her journey so difficult that she even struggled to hire people to work for her.</span></p></div>
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			<h3 class="elementor-heading-title elementor-size-default">One of my objectives when I started Biocon was to make sure that I create a company for women scientists to pursue a vocation.<br><i>- Kiran Mazumdar-Shaw</i></h3>		</div>
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					<div class="elementor-text-editor elementor-clearfix"><h2><strong>Turning the odds in her favour- a Kiran Mazumdar-Shaw speciality</strong></h2><p><span style="font-weight: 400">Despite the mounting challenges, Shaw was not discouraged by the lack of support. Instead, she did her best to build what is now considered one of the best Indian companies and a top biopharmaceutical company globally. Her hard work eventually paid off, and Biocon got big investors and brains behind it. </span></p><p><span style="font-weight: 400">After Biocon&#8217;s IPO in 2004, Kiran Mazumdar-Shaw became the richest woman in India. Between 2005 and 2010, under her leadership, Biocon signed over 2,000 high-quality R&amp;D license agreements.</span></p><p><span style="font-weight: 400">Through acquisitions, licenses and partnerships, Biocon became a globally renowned company and open to the market. In 2007, <i>Med Ad News </i>named Biocon as one of the world&#8217;s leading biotechnology companies and the seventh-largest biotechnology company in the world. </span></p><p><span style="font-weight: 400">Kiran Mazumdar-Shaw is credited with the innovative ability, the global reliability and the global influence of Biocon&#8217;s marketing and production processes. She founded a charity, the Biocon Foundation, to develop environmental and health programs for supporting disadvantaged people in society.</span></p></div>
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					<div class="elementor-text-editor elementor-clearfix"><h2><strong>Awards and Honours that Kiran Mazumdar-Shaw has under her belt</strong></h2><p><span style="font-weight: 400">Kiran Majumdar-Shaw has received numerous awards and accolades for her professional achievements. She received Ernst &amp; Young&#8217;s Entrepreneur of the Year Award for Life Sciences &amp; Healthcare in 2002. </span></p><p><span style="font-weight: 400">In 2004, she was named &#8220;Entrepreneur of the Year&#8221; by the <i>Economic Times</i>. In 2009, she received the prestigious Nikkei Asia Prize for Regional Growth and Express Pharmaceutical Leadership Summit Award for Dynamic Entrepreneur. </span></p><p><span style="font-weight: 400">She is also the former president of the Indian Institute of Management Bangalore (IIM-B). She was ranked 80th on <i>Forbes</i>&#8216; &#8220;100 Most Powerful Women” list (2012). In 2014, Shaw received the Othmer Gold Medal for outstanding contributions to science and chemistry advancement. In 2019, <i>Forbes</i> ranked her as the 68th most powerful woman in the world. She was Ernst &amp; Young&#8217;s “Global Entrepreneur of the Year” in 2020.</span></p><p><span style="font-weight: 400">Kiran Majumdar-Shaw&#8217;s life and journey in making it big in a world full of difficulties is truly exemplary for new and budding entrepreneurs. In following her ethos and abiding by the principles she has set in Indian and at the global business stage, it would undoubtedly be more <a href="https://dutchuncles.in/discover/formalisation-of-wfh-oppurtunity-for-women-to-rejoin-workforce/">comfortable for new entrepreneurs </a>to establish themselves as serious business personalities.</span></p></div>
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		<p>The post <a rel="nofollow" href="https://dutchuncles.in/discover/managing-things-with-common-sense-and-foolish-courage-kiran-mazumdar-shaw/">Managing things with common sense and foolish courage: Kiran Mazumdar-Shaw</a> appeared first on <a rel="nofollow" href="https://dutchuncles.in">Dutch Uncles</a>.</p>
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		<title>Ease of Doing Business: How will the Pharma Industry achieve its target of $130 billion by 2030?</title>
		<link>https://dutchuncles.in/featured/ease-of-doing-business-how-will-the-pharma-industry-achieve-its-target-of-130-billion-by-2030/</link>
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		<dc:creator><![CDATA[Aakash Sharma]]></dc:creator>
		<pubDate>Wed, 03 Mar 2021 08:35:04 +0000</pubDate>
				<category><![CDATA[Capacity Development]]></category>
		<category><![CDATA[Featured]]></category>
		<category><![CDATA[SCALE]]></category>
		<category><![CDATA[Atmanirbhar Bharat]]></category>
		<category><![CDATA[Beauty Health and Wellness]]></category>
		<category><![CDATA[India]]></category>
		<category><![CDATA[Pharma Start-ups]]></category>
		<category><![CDATA[Pharmaceutical Industry]]></category>
		<guid isPermaLink="false">https://dutchuncles.in/?p=16732&#038;preview=true&#038;preview_id=16732</guid>

					<description><![CDATA[<p>In order to facilitate trade in the country, the government is continuously working to reduce the legal burden on the Indian pharmaceutical industry. At the inaugural meeting of The India Pharma 2021 and India Medical Devices 2021 programmes, the Minister of Chemicals and Fertilizers DV Sadananda Gowda pointed out that the domestic pharmaceutical industry could […]</p>
<p>The post <a rel="nofollow" href="https://dutchuncles.in/featured/ease-of-doing-business-how-will-the-pharma-industry-achieve-its-target-of-130-billion-by-2030/">Ease of Doing Business: How will the Pharma Industry achieve its target of $130 billion by 2030?</a> appeared first on <a rel="nofollow" href="https://dutchuncles.in">Dutch Uncles</a>.</p>
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					<div class="elementor-text-editor elementor-clearfix"><p><span style="font-weight: 400">In order to facilitate trade in the country, the government is continuously working to reduce the legal burden on the Indian pharmaceutical industry. At the inaugural meeting of The India Pharma 2021 and India Medical Devices 2021 programmes, the Minister of Chemicals and Fertilizers DV Sadananda Gowda pointed out that the <a href="https://dutchuncles.in/discover/home-to-200-pharmaceutical-units-whats-the-future-of-pharma-start-ups-in-andhra-pradesh/">domestic pharmaceutical industry </a>could reach a trading volume of $130 billion by 2030.</span></p><p><span style="font-weight: 400">The motive for this year’s India Pharma programme is “</span><b>Indian Pharma Industry: Future is Now</b><span style="font-weight: 400">&#8221; and for India Medical Device is &#8220;</span><b>India MedTech Future: Innovate &amp; Make in India by Global Alliance</b><span style="font-weight: 400">&#8221; (ANI).</span></p><p><span style="font-weight: 400">To accomplish the <i>de facto </i>vision 2030, businesses, stakeholders, and the government must accelerate global health planning by acquiring quality and affordable medicines segments. The Indian pharma industry and its stakeholders need to become the world&#8217;s largest and most trusted pharmaceutical sector to grow to the estimated values of between $ 120 billion to $ 130 billion by 2030 and benefit society simultaneously.</span></p></div>
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					<div class="elementor-text-editor elementor-clearfix"><h2><strong>Easing the way of doing Business- Indian Pharma Industry leads the way</strong></h2><p><span style="font-weight: 400">India is now at the 79th position in facilitating businesses, up from 145th rank previously. In the pharmaceutical sector, the country&#8217;s ranking has risen to 63. It is, therefore, clear that reforms are underway in the entire vertical of the industry. Many <a href="https://dutchuncles.in/discover/will-2021-be-the-year-of-innovation-for-the-traditionally-slow-pharma-industry/">pharmaceutical industry </a>players have called on the government to further liberalise the regulatory system, especially among drug and medication processes.</span></p><p><span style="font-weight: 400">India serves over 200 countries and territories as its pharmaceuticals clients. This relationship will continue to grow in value, effectively giving the advantage of increased growth opportunities to businesses and start-ups.</span></p></div>
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			<h3 class="elementor-heading-title elementor-size-default">Under the charge of Prime Minister Narendra Modi, the government strives to intensify the ease of doing business in the country. The vigorous effort is on to reduce the regulatory compliance burden on the (pharma) industry.<br>- <i>D. V. Sadananda Gowda, Minister of Chemicals and Fertilizers</i></h3>		</div>
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					<div class="elementor-text-editor elementor-clearfix"><h2><strong>Indian Pharma Industry&#8217;s Commitment to fight COVID globally</strong></h2><p><span style="font-weight: 400">On the brighter side, this development has forced the industry to provide better medical care to the public. The COVID-19 pandemic showed the weaknesses of the global supply chain in the pharmaceutical industry. To measure this, the Department of Pharmaceuticals under the Government of India has launched an extensive PLI, or Production Linked Incentive, programme for drugs, pharmaceuticals, and treatment machines with an expenditure of Rs 6,940 crore over five years.</span></p><p><span style="font-weight: 400">The government has already begun approval applications of incentives worth Rs 6,564 crore. The Cabinet has also passed another PLI scheme for the pharma sector with Rs 15,000 crore. The government seeks to build national capacity for high-value products such as biomedicine, complex generics and gene therapy drugs. </span></p><p><span style="font-weight: 400">In the future, India could become a global supplier of APIs (Active Pharmaceutical Ingredient), ASMs and intermediaries. Plans for a massive park for medicines and medical supplies are being laid out for around Rs 3,400 crore to make the vision of </span><b><i>Aatmanirbhar Bharat </i></b><span style="font-weight: 400">(self-sufficient India) a reality.</span></p></div>
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					<div class="elementor-text-editor elementor-clearfix"><h2><strong>Government Schemes to boost the growth of the Indian Pharma Industry</strong></h2><p><span style="font-weight: 400">The Ministry of Chemicals and Fertilizers wants the pharma industry to participate in government projects such as Ayushman Bharat Yojana and Pradhan Mantri Bhartiya Janaushadhi Pariyojana. The government has supported and appreciated the role of the pharmaceutical industry during <a href="https://dutchuncles.in/discover/funding-activities-in-support-of-the-covid-vaccine/">the COVID-19 pandemic</a>. Their combined efforts and initiatives gained international recognition and helped create health harmony and glory around the world.</span></p><p><span style="font-weight: 400">The Department of Pharmaceuticals, Ministry of Chemicals &amp; Fertilizers, collectively with FICCI and Invest India, organised the 6th edition of the year-long plans on the Pharmaceuticals and Medical Device division &#8211; “</span><b>India Pharma &amp; India Medical Device 2021</b><span style="font-weight: 400">” on February 25-26 and March 1-2, 2021.</span></p></div>
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					<div class="elementor-text-editor elementor-clearfix"><h2><strong>How can India&#8217;s new, emerging and existing pharma businesses benefit from the current scenario?</strong></h2><p><span style="font-weight: 400">The Indian pharmaceutical industry is entering the next stage of its development. This critical issue requires greater cooperation between pharmaceutical companies, governments and regulators. Collaboration is necessary to make a viable growth ecosystem. Only then can government intervention and the efforts and advice of pharmaceutical companies be joined together to help the industry achieve its vision for 2030.</span></p><p><span style="font-weight: 400">The government can be a crucial enabler to achieve this through strategic interventions such as increasing healthcare expenditure from approximately 1 per cent to 2.5 per cent <a href="https://dutchuncles.in/aspire/gross-domestic-product-gdp-all-you-need-to-know/">GDP share </a>by 2025, and even 5 per cent by 2030, in concurrence with the other advanced markets in Europe and North America. And start-ups should certainly keep a keen eye out for immense growth opportunities in this entire process to reap benefits while <a href="https://dutchuncles.in/discover/1mg-bringing-ai-in-indias-healthcare-industry/">delivering innovative solutions</a>.</span></p></div>
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		<p>The post <a rel="nofollow" href="https://dutchuncles.in/featured/ease-of-doing-business-how-will-the-pharma-industry-achieve-its-target-of-130-billion-by-2030/">Ease of Doing Business: How will the Pharma Industry achieve its target of $130 billion by 2030?</a> appeared first on <a rel="nofollow" href="https://dutchuncles.in">Dutch Uncles</a>.</p>
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		<title>Home to 200+ Pharmaceutical Units, What&#8217;s the Future of Pharma Start-ups in Andhra Pradesh</title>
		<link>https://dutchuncles.in/discover/home-to-200-pharmaceutical-units-whats-the-future-of-pharma-start-ups-in-andhra-pradesh/</link>
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		<dc:creator><![CDATA[Aakash Sharma]]></dc:creator>
		<pubDate>Tue, 02 Mar 2021 02:35:04 +0000</pubDate>
				<category><![CDATA[DISCOVER]]></category>
		<category><![CDATA[Featured]]></category>
		<category><![CDATA[Andhra Pradesh]]></category>
		<category><![CDATA[Business Growth]]></category>
		<category><![CDATA[Pharma City]]></category>
		<category><![CDATA[Pharmaceutical Industry]]></category>
		<category><![CDATA[Startups]]></category>
		<guid isPermaLink="false">https://dutchuncles.in/?p=16603&#038;preview=true&#038;preview_id=16603</guid>

					<description><![CDATA[<p>After the establishment of Telangana and the loss of Hyderabad, India’s computer centre, the start-up ecosystem of Andhra Pradesh witnessed a setback with the shift of a critical economic component. However, with the growing wave of start-ups in India, government policies and initiatives have significantly impacted high tech ecosystems. While Startup India’s core policy is […]</p>
<p>The post <a rel="nofollow" href="https://dutchuncles.in/discover/home-to-200-pharmaceutical-units-whats-the-future-of-pharma-start-ups-in-andhra-pradesh/">Home to 200+ Pharmaceutical Units, What’s the Future of Pharma Start-ups in Andhra Pradesh</a> appeared first on <a rel="nofollow" href="https://dutchuncles.in">Dutch Uncles</a>.</p>
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					<div class="elementor-text-editor elementor-clearfix"><p><span style="font-weight: 400">After the establishment of Telangana and the loss of Hyderabad, India&#8217;s computer centre, the start-up ecosystem of Andhra Pradesh witnessed a setback with the shift of a critical economic component. However, with the growing wave of start-ups in India, <a href="https://dutchuncles.in/discover/how-does-telangana-state-innovation-cell-help-start-ups-and-incubators/">government policies and initiatives have significantly impacted </a>high tech ecosystems. While Startup India&#8217;s core policy is setting the tech industry&#8217;s general direction, state-level guidelines are defining the areas of the state that require the most attention.</span></p><p><span style="font-weight: 400">Over the years, Andhra Pradesh, especially Andhra Pradesh pharma sector, has attracted many large business incubators and accelerators such as NASSCOM 10K Depot and Startup Accelerator India. While NASSCOM previously had the infrastructure and space in Andhra Pradesh, in 2019, the <a href="https://dutchuncles.in/aspire/how-bengaluru-became-indias-start-up-hub/">apex body for the country&#8217;s IT industry </a>moved out of the state and decided to help the start-ups virtually.</span></p></div>
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					<div class="elementor-text-editor elementor-clearfix"><h2><strong>Andhra Pradesh Government&#8217;s Support for Start-up Growth</strong></h2><p><span style="font-weight: 400">The state has taken steady steps towards developing the start-up ecosystem, and the government has been actively involved in its technological development. Government initiatives include measures such as the national innovation and start-up policy, which balances tax and non-tax incentives, such as:</span></p><p style="padding-left: 40px"><span style="font-weight: 400">Creating incubators and accelerators</span></p><p style="padding-left: 40px"><span style="font-weight: 400">Innovation fund Rs. 50 crores</span></p><p style="padding-left: 40px"><span style="font-weight: 400">Performance assistance of over Rs 12,000 per month for start-ups</span></p></div>
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			<h3 class="elementor-heading-title elementor-size-default">The next few years will see a significant increase in exports of many governments approved drugs, as many multinational companies are ready to invest large amounts in medications and formulas.</h3>		</div>
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					<div class="elementor-text-editor elementor-clearfix"><h2><strong>Pharma Sector &amp; New Investments to Drive Growth</strong></h2><p><span style="font-weight: 400">Ever since the bifurcation of the former Andhra Pradesh into Telangana and new Andhra Pradesh in 2014, these two states&#8217; governments have been making all kinds of efforts to attract economic investment. The two state governments are in the shadows of attracting maximum investment using tech systems and attractive business policies.</span></p><p><span style="font-weight: 400">Andhra Pradesh&#8217;s <a href="https://dutchuncles.in/discover/meghalaya-start-up-policy-2018-2023/">government is trying to attract investment </a>in the pharmaceuticals, biotechnology, and medical device sectors. The state government has been advertising benefits to investors for quite some time. It had also announced establishments of pharma clusters in northern, central and southern parts of Andhra Pradesh.</span></p></div>
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					<div class="elementor-text-editor elementor-clearfix"><h2><strong>Pharma, Biotechnology and Medical Devices Star-ups- Riding the high wave</strong></h2><p><span style="font-weight: 400">In particular, the two states&#8217; pharmaceutical, biotechnology, and medical sectors are benefitting from all the necessary promotions. Andhra Pradesh has been very successful in attracting hordes of investors. Telangana, which already acquired an established pharmaceutical industry through Hyderabad, has established itself in the pharmaceutical industry with ‘Pharma City’ plans.</span></p><p><span style="font-weight: 400">At the same time, Andhra Pradesh&#8217;s government has also created a drug association, which plays a crucial role in attracting the world&#8217;s best players in the field of drugs and medical devices.</span></p><p><span style="font-weight: 400">Currently, the northern districts of Visakhapatnam and Vizianagaram in Andhra Pradesh have a strong base for bulk drugs and formulations companies. It is expected that the industry, which is worth $1 billion currently, is expected to grow to $4 billion in the next few years.</span></p></div>
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					<div class="elementor-text-editor elementor-clearfix"><h2><strong>Existing Key Players in Andhra Pradesh&#8217;s Pharma Start-up Ecosystem</strong></h2><p><span style="font-weight: 400">Telangana and Andhra Pradesh have over 2,500 pharmaceutical companies. Some of the largest pharmaceutical companies are Dr Reddy Laboratories, Aurobindo Pharmaceuticals, Mylan, Novartis, Nicholas Piramal, Divi Labs, NATCO Pharma, and Gland Pharmaceuticals. More than 200 Active Pharmaceutical Ingredients (API) units in the state are poised to expand at a rate of 10 to 15 per cent yearly in future.</span></p><h2><strong>Andhra Pradesh to develop as bulk drugs hub</strong></h2><p><span style="font-weight: 400">The administration of Andhra Pradesh is working to recover the lost ground in Hyderabad&#8217;s accession to Telangana. It is trying to increase drug exports from the state and capture the country&#8217;s mass production chain. Within this framework, the government decided to form drug groups in three parts of the state. </span></p><p><span style="font-weight: 400">The next few years will see a significant increase in <a href="https://dutchuncles.in/aspire/can-telangana-agtech-start-ups-move-the-farming-cart-forward/">exports of many governments approved </a>drugs, as many multinational companies are ready to invest large amounts in medications and formulas.</span></p><p><span style="font-weight: 400">Northern Andhra Pradesh has a multi-million-dollar pharmaceutical industry and is considered a central hub. Visakhapatnam (Vizag) has become a hub for the country&#8217;s major pharmaceutical companies due to the government&#8217;s efforts to promote large-scale pharmaceutical production. By 2022, Vizag is expected to become one of the largest pharmaceutical exporters in India.</span></p><h2><strong>What&#8217;s in it for you?</strong></h2><p><span style="font-weight: 400">With Andhra Pradesh as an emerging pharma sector hub, technological advancements will follow the route in the state. It is a golden opportunity for new businesses in the state and across the country to aim for the ‘to-be’ hub of the pharma start-ups ecosystem.</span></p><p><span style="font-weight: 400">Start-ups in e-commerce, digital platforms like payment gateway, cloud services, and others can devise strategies to take advantage of a profitable opportunity in ways that can ease business and customer experience. It is not an overstatement to say that a lucrative sector as pharma and medicine is no less than a gold mine. All that <a href="https://dutchuncles.in/aspire/studentpreneurs-not-too-young-to-start-up/">entrepreneurs and wannapreneurs need are the right tools </a>(technology) and an apt strategy to collect their share from the gold mine.</span></p></div>
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		<p>The post <a rel="nofollow" href="https://dutchuncles.in/discover/home-to-200-pharmaceutical-units-whats-the-future-of-pharma-start-ups-in-andhra-pradesh/">Home to 200+ Pharmaceutical Units, What&#8217;s the Future of Pharma Start-ups in Andhra Pradesh</a> appeared first on <a rel="nofollow" href="https://dutchuncles.in">Dutch Uncles</a>.</p>
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		<title>Will 2021 Be The Year of Innovation for The Traditionally Slow Pharma Industry?</title>
		<link>https://dutchuncles.in/featured/will-2021-be-the-year-of-innovation-for-the-traditionally-slow-pharma-industry/</link>
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		<dc:creator><![CDATA[Preeti Verma]]></dc:creator>
		<pubDate>Thu, 25 Feb 2021 10:35:04 +0000</pubDate>
				<category><![CDATA[Featured]]></category>
		<category><![CDATA[Product Transformation]]></category>
		<category><![CDATA[TRANSFORM]]></category>
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		<guid isPermaLink="false">https://dutchuncles.in/?p=16153&#038;preview=true&#038;preview_id=16153</guid>

					<description><![CDATA[<p>As the pandemic spread, India was put under strict lockdown for the first time. Out-patient departments as well as doctors’ clinics suspended their services in order to avoid becoming the virus hotspots. Subsequently, patients with chronic ailments, minor diseases, and those in post-surgery or injury rehab stage were left without any medical support as hospitals […]</p>
<p>The post <a rel="nofollow" href="https://dutchuncles.in/featured/will-2021-be-the-year-of-innovation-for-the-traditionally-slow-pharma-industry/">Will 2021 Be The Year of Innovation for The Traditionally Slow Pharma Industry?</a> appeared first on <a rel="nofollow" href="https://dutchuncles.in">Dutch Uncles</a>.</p>
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					<div class="elementor-text-editor elementor-clearfix"><p>As the pandemic spread, India was put under strict lockdown for the first time. Out-patient departments as well as doctors’ clinics suspended their services in order to avoid becoming the virus hotspots. Subsequently, patients with chronic ailments, minor diseases, and those in post-surgery or injury rehab stage were left without any medical support as hospitals catered to critical patients or serious Covid-19 cases.</p><p>The coronavirus epidemic not only placed a mammoth strain on the global health care sector’s workforce, but also on infrastructure, and supply chain. On the same side, it also exposed social inequities in health and care. The Covid-19 also accelerated the changes across the pharma industry and forced many public and private health systems to adapt and innovate in a short span.</p><p>A number of foundational shifts are happening from and being exacerbated due to the spread of the coronavirus. The consumers are increasing their involvement in health care decision making. Then, there is a rapid adoption of virtual health and other digital innovations. Similarly, there is a push for interoperable data and data analytics use. In the same way, unprecedented public-private collaborations in vaccine and therapeutics development are also taking place in a big way. Amid these changing dynamics, governments, health care providers, payers, and other stakeholders around the globe are being defied to quickly pivot, adapt, and innovate.</p><p>The Covid-19 pandemic has been proving a transformational moment for the pharma industry. It has pushed many pharma companies to re-examine themselves at various levels; the way they used to do businesses. Many of those changes are likely to prove difficult to reverse. The race for developing a coronavirus vaccine has stimulated innovation across the industry. However, the sector has been building this thrust for years.</p></div>
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			<h3 class="elementor-heading-title elementor-size-default">The Covid-19 pandemic has been proving a transformational moment for the pharmaceutical industry.</h3>		</div>
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					<div class="elementor-text-editor elementor-clearfix"><p>The rapidly increasing investments, the robust growth of technology startups, and the expiry of several key patents, as well as surging inter-organisational collaborations and a favorable regulatory environment, are stimulating innovation in the pharma industry.</p><p>Amongst the most significant trends that is expected to drive the pharma industry in 2021 is the consumer behaviour. With all the changes that the world witnessed since the start of the pandemic, the consumer behaviour are significantly hastening towards digital consultations through live video calls between doctors and patients. Then the changes like online purchases of medicines just by uploading doctor’s digital prescriptions, collection of blood samples and conducting important tests at home.</p><p>At the same time, the combined power of the Internet, data science, connected devices and artificial intelligence (AI) have accelerated the speed of digital transformation in pharma companies to improve the quality and productivity. Skilled manpower in artificial intelligence, machine learning (ML), cloud computing, robotic process automation (RPA), and other technological areas are helping speed up drug repurposing and development of biomarkers.</p><h2><strong>Remote Monitoring, Virtual Consultations &amp; PHRs</strong></h2><p>The country’s healthcare ecosystem is on the cusp of a paradigm shift. After remaining impervious to reform for the longest period, the sector has now opened to innovation and digital technology-driven medical assistance that became a necessity and reality amid the pandemic. The more the viral variants curbed people to their homes, the more virtual care became a reality. <br />In this tough time, technology has been proving its advantages in aiding patients to get the same level of care at home as in an outpatient clinic. This became more evident in the cases of minor health queries and routine check-ups. A variety of technologies enable doctors or health care teams to monitor patients&#8217; health remotely. The Covid-19 will be the inflexion point leading to 30 per adoption to teleconsultation, which has a huge potential to grow in the long run.</p><p>The doctors are creating an electronic personal health record system &#8211; often called a PHR system &#8211; in order to collect the information about the patient’s health that can be controlled and maintained. A PHR app is accessible anytime through a web-enabled device, such as computer, laptop, tablet or smartphone. In case of an emergency, a personal health record can quickly give emergency personnel vital information, such as current diagnoses, medications, drug allergies and the doctor&#8217;s contact information.</p><p>Around 74 per cent of consumers are ready to get their treatment done through telehealth, according to a global study. The pluses that technology in consultation brings include reduced risk of infections, enabling doctors to attend to more patient consultations, among other things.</p><p>This is enabling healthcare facilities to create a space for patients that are requiring critical and emergency care. In places like India, which is densely populated, this has become extremely vital as there is also a short supply of healthcare professionals. It is also possible to undertake procedures such as chemotherapy and dialysis at home. Many home healthcare providers have already started providing these services at home.</p><p>This year the remote monitoring is expected to go to the next level through the development of robotic and autonomous healthcare assistants. It is said that they will be able to deliver care right at people’s homes. Recently, the companion robots were introduced into care homes in the UK. The robots have been found to be successful in reducing the likelihood of loneliness and social isolation, this was especially at the time of the pandemic.</p><h2><strong>Artificial Intelligence in Pharma Industry</strong></h2><p>Artificial intelligence in the pharma industry refers to the use of automated algorithms to perform tasks that are traditionally dependent on human intelligence. Over the past five years, the use of artificial intelligence in the pharma and biotech industry has transformed how scientists develop new drugs, tackle disease, and many more.</p><p>With the growing importance of artificial intelligence in the pharma industry, every business leader is understanding its importance. They are breaking through in the biotech space which are assisted by the deployment of artificial intelligence technologies. In 2019, over 70 per cent of companies believed that artificial intelligence will be vital to their businesses. However, in the same group, only 11 per cent of businesses didn’t consider investing in artificial intelligence technology.</p></div>
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			<h3 class="elementor-heading-title elementor-size-default">Around 74 per cent of consumers are ready to get their treatment done through telehealth, according to a global study.</h3>		</div>
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					<div class="elementor-text-editor elementor-clearfix"><p>According to Narrative Science, 61 per cent of companies investing in innovative strategies are using artificial intelligence to identify new opportunities that they would have otherwise missed. For pharmaceutical businesses that thrive on innovation, this is an important statistic to understand.</p><p>In 2021, flexible artificial intelligence platforms with industry functionality that meets the specific needs of field, brand teams, and medical science liaisons will leapfrog generic solutions. These flexible platforms will apply multi-faceted algorithms and business rules that will compile the unique needs, actions, messages, and strategies of all customer-facing teams. It will provide everyone with the necessary visibility to better organize communications to healthcare professionals.</p><h2><strong>Self-monitoring through Wearables</strong> </h2><p>The beginning of connected devices, wearables and Internet of things (IoT) have ushered in a new trend in self-monitoring without having to physically visit a clinic or a doctor. They now have the necessary equipment available at their place for most self-monitoring needs. The readings are transmitted to a central console of the monitoring healthcare provider or doctor for their review and analysis. Diagnostic healthcare is racing ahead towards these connected devices, with artificial intelligence and the Internet providing the first level of diagnostics followed by a prediction and final review by an expert doctor before actual prescription. This experience of connecting virtually has empowering both patients and doctors. It has transmuted a whole new system of healthcare integrators and aggregators, bringing experts and patients on a self-monitoring virtual healthcare platform.</p><p>On the same side, governments across the world are also realising how such connected healthcare systems are not only flexible but are also extremely efficient. Artificial intelligence-enabled diagnosis and prediction for review by consulting expert doctors has already gained substantial attractions in hospitals and clinics, where the number of patients is high. Connected healthcare is going to be the new big thing in the year 2021.</p><h2><strong>Rise of Personnel Health Apps and Telehealth</strong> </h2><p>A host of apps have been created to help consumers in better organising their medical information in one secure place. These digital tools are helping people in storing their personal health information. Record their vital signs, and calculating and tracking their caloric intakes. Elderly people, who can’t remember their medicine timings, these personal health apps schedule reminders for taking medicine. Simultaneously, it keeps a check and record of your physical activity, such as your daily step count.</p><p>Technology has the potential to improve the quality of healthcare and to make it accessible to more people. Telehealth may provide opportunities to make healthcare more efficient, better coordinated and closer to home.<br />Research about telehealth is still relatively new, but it is growing. Studies have shown that both telephone-based support and telemonitoring of vital signs of people with heart failure reduced the risk of death and hospitalisation for heart failure and improved quality of life.</p><h2><strong>Global Collaborations in Pharma Industry</strong></h2><p>The Covid-19 has piloted in collaboration, and not competition, amongst the country’s pharmaceutical regulatory bodies. However, the United States government has shown its objections with the World Health Organisation (WHO). Still, this global collaboration in healthcare – both in research and compliance – is going to get deep-rooted in the time to come. Regulatory bodies like the United States Food and Drug Administration (USFDA), and the European Medicines Agency (EMA) are going to strengthen the WHO in its ways of working. Automation software for common standards and compliances are going to be universally implemented since it impacts humanity at large.</p><p>The world rapidly taking to the expediency of <a href="https://dutchuncles.in/discover/why-digital-platforms-for-basic-and-preventive-healthcare-is-on-an-upswing/">healthcare solutions</a> through these technologies. However, the pharma industry is presented with the challenge to ensure that their workforce is skillful in addressing this demand. Similarly, it can keep up with the speed of adoption by customers. On the same time, the pharma firms need to upskill and train their personnel in the latest developments. Also, the ways of working with customers at various touch points.</p><h2><strong>Shifting of Data Science</strong></h2><p>Previously, the pharma industry remained behind compared to other industries in applying advanced data analytics. But it is catching up now quickly. Pharmaceutical companies have started to decentralise data science efforts by opening the door to specialised teams. These teams can focus on developing dedicated solutions that are in-production over time. For the most part, however, life sciences’ data science teams are still smaller than they should be to successfully apply AI across a wide range of problems in different business functions. It is needed in clinical research, product manufacturing, and pharmacovigilance and market research. This is expected to change in 2021.</p></div>
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		<p>The post <a rel="nofollow" href="https://dutchuncles.in/featured/will-2021-be-the-year-of-innovation-for-the-traditionally-slow-pharma-industry/">Will 2021 Be The Year of Innovation for The Traditionally Slow Pharma Industry?</a> appeared first on <a rel="nofollow" href="https://dutchuncles.in">Dutch Uncles</a>.</p>
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		<title>Other COVID-19 Vaccine Candidates in India</title>
		<link>https://dutchuncles.in/featured/other-covid-19-candidates-in-india/</link>
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		<dc:creator><![CDATA[Smruthi Krishnan]]></dc:creator>
		<pubDate>Mon, 15 Feb 2021 02:35:05 +0000</pubDate>
				<category><![CDATA[DISCOVER]]></category>
		<category><![CDATA[Featured]]></category>
		<category><![CDATA[Innovations]]></category>
		<category><![CDATA[COVID-19]]></category>
		<category><![CDATA[India]]></category>
		<category><![CDATA[Oxford AstraZeneca]]></category>
		<category><![CDATA[Pharmaceutical Industry]]></category>
		<guid isPermaLink="false">https://dutchuncles.in/?p=14307&#038;preview=true&#038;preview_id=14307</guid>

					<description><![CDATA[<p>In the past one year, the pandemic has shaken the world to its very core. Several biotechnology companies and pharmaceutical companies have been spending months and millions of dollars on the research and development of the much-awaited vaccine for COVID-19. Amongst several players in the COVID vaccine race, two of them have finally received the approval […]</p>
<p>The post <a rel="nofollow" href="https://dutchuncles.in/featured/other-covid-19-candidates-in-india/">Other COVID-19 Vaccine Candidates in India</a> appeared first on <a rel="nofollow" href="https://dutchuncles.in">Dutch Uncles</a>.</p>
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					<div class="elementor-text-editor elementor-clearfix"><p><span style="font-weight: 400">In the past one year, the pandemic has shaken the world to its very core. Several biotechnology companies and pharmaceutical companies have been spending months and millions of dollars on the research and development of the much-awaited vaccine for COVID-19.&nbsp;</span></p>
<p><span style="font-weight: 400">Amongst several players in the&nbsp;</span><a href="https://dutchuncles.in/discover/what-is-brewing-in-the-indian-vaccine-market/" target="_blank">COVID vaccine race</a><span style="font-weight: 400">, two of them have finally received the approval for public consumption in India</span><span style="font-weight: 400">. The Drug regulation has given the green light to Covaxin, locally-made by pharma company Bharat Biotech and Covishield by Oxford-AstraZeneca produced by Serum Institute of India.&nbsp;</span></p>
<p><span style="font-weight: 400">Though we have two vaccines approved for public consumption, there are more COVID-19 vaccine candidates in different stages of the trial who could potentially be ready for being authorised for use in the near future. With eight COVID-19 vaccine candidates in different stages of the trial, many could be ready for being authorised for use soon. These candidates are still in trial to test the safety and efficacy when injected into human bodies. Front-runners often don’t share their intellectual property however it is safe to say that there are already more than fifty vaccines in clinical trials across the globe. Within our country the following vaccines are in trial stages:</span></p>
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<p><b>Zydus Cadila</b><span style="font-weight: 400"> &#8211; A vaccine developed by Ahmedabad-based Zydus-Cadila, ranked 4th in the Indian Pharmaceutical Industry. In 2014, they launched the world&#8217;s first </span><i><span style="font-weight: 400">adalimumab biosimilar</span></i><span style="font-weight: 400"> under the brand name Exemptia. It also launched its first research-based drug molecule Saroglitazar for the treatment of Diabetic Dyslipidemia.</span></p>
<p><b>Biological E Ltd</b><span style="font-weight: 400"> &#8211; The Hyderabad based pioneer Indian private vaccine-making company has collaborated with US-based Dynavax and Baylor College of Medicine to develop a COVID-19 vaccine. Established during the Swadeshi movement, Biological E focuses on Branded Formulations, Speciality Generic Injectables, Synthetic Biology and Vaccines and Biologics.</span></p>
<p><b>Gennova Biopharmaceuticals Ltd</b><span style="font-weight: 400"> &#8211; The Pune based biotech has collaborated with Seattle-based HDT Biotech Corporation to use pieces of genetic code to cause an immune response to come with HGCO19, India&#8217;s first mRNA vaccine. Gennova has 7 products in the market; 5 biosimilar, 1 generic and 1 pioneer product. Gennova’s Tenectase is a pioneering work, where for the first time ever a 3rd generation thrombolytic was approved for arterial ischemic stroke (AIS).</span></p>
<p><b>Bharat BioTech International Limited</b><span style="font-weight: 400"> &#8211; The biotechnology company founded in 1996 which developed the authorised Covaxin, is coming up with a new Nasal Vaccine. The Hyderabad based company has previously made 16 successful vaccines and exported them to 123 countries.</span></p>
<p><b>Dr Reddy&#8217;s Lab</b><span style="font-weight: 400"> – Dr Reddy’s Lab in collaboration with Gamaleya National Centre in Russia is developing the Sputnik V vaccine. The company has over 190 medications, 60 active pharmaceutical ingredients.&nbsp;</span></p>
<p><b>Serum Institute of India</b><span style="font-weight: 400"> – </span><span style="font-weight: 400">Adar c. Poonawalla’s </span><span style="font-weight: 400">Serum Institute of India was </span><span style="font-weight: 400">granted emergency use authorisation to go ahead with Covishield by Oxford/AstraZeneca</span><span style="font-weight: 400"> is collaborating with American vaccine development company Novavax to develop a second COVID-19 vaccine.&nbsp; Serum Institute of India has already manufactured 5 crore doses of the vaccine and is building a stock with at-risk manufacturing and stockpiling licence from the DCGI. They aim to produce 30 crore doses by July 2021.&nbsp;</span></p>
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		<p>The post <a rel="nofollow" href="https://dutchuncles.in/featured/other-covid-19-candidates-in-india/">Other COVID-19 Vaccine Candidates in India</a> appeared first on <a rel="nofollow" href="https://dutchuncles.in">Dutch Uncles</a>.</p>
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		<title>What you need to know about Bharat Biotech and Oxford/AstraZeneca?</title>
		<link>https://dutchuncles.in/discover/covid-vaccine-know-more-about-bharat-biotech-and-oxford-astrazeneca/</link>
					<comments>https://dutchuncles.in/discover/covid-vaccine-know-more-about-bharat-biotech-and-oxford-astrazeneca/#respond</comments>
		
		<dc:creator><![CDATA[Smruthi Krishnan]]></dc:creator>
		<pubDate>Sat, 13 Feb 2021 12:35:04 +0000</pubDate>
				<category><![CDATA[DISCOVER]]></category>
		<category><![CDATA[Featured]]></category>
		<category><![CDATA[Innovations]]></category>
		<category><![CDATA[Bharat Biotech]]></category>
		<category><![CDATA[Oxford AstraZeneca]]></category>
		<category><![CDATA[Pharmaceutical Industry]]></category>
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					<description><![CDATA[<p>After months of trials and painstaking efforts, the COVID vaccine race has finally come to an end. Amongst several players in the vaccine development including Zydus-Cadila, Hyderabad-based Biological E, Pune-based Genova, The Sputnik V vaccine candidate by Dr Reddy’s Lab and Gamaleya National Centre in Russia and another vaccine by Serum Institute of India and American company […]</p>
<p>The post <a rel="nofollow" href="https://dutchuncles.in/discover/covid-vaccine-know-more-about-bharat-biotech-and-oxford-astrazeneca/">What you need to know about Bharat Biotech and Oxford/AstraZeneca?</a> appeared first on <a rel="nofollow" href="https://dutchuncles.in">Dutch Uncles</a>.</p>
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					<div class="elementor-text-editor elementor-clearfix"><p><span style="font-weight: 400">After months of trials and painstaking efforts, the </span><a href="https://dutchuncles.in/discover/what-is-brewing-in-the-indian-vaccine-market/" target="_blank" rel="noopener">COVID vaccine</a><span style="font-weight: 400"> race has finally come to an end. Amongst several players in the vaccine development including </span><span style="font-weight: 400">Zydus-Cadila, Hyderabad-based Biological E, Pune-based Genova, The Sputnik V vaccine candidate by Dr Reddy&#8217;s Lab and Gamaleya National Centre in Russia and another vaccine by Serum Institute of India and American company Novavax,</span> <span style="font-weight: 400">India&#8217;s drug regulation has given the green light to Covaxin, locally-made by pharma company Bharat Biotech and Covishield (Oxford-AstraZeneca vaccine).</span></p><p><span style="font-weight: 400">On January 1, 2021, the Central Drugs Standard Control Organization (CDSCO) reviewed the application of front-runner vaccine developers and granted emergency use authorization for the Serum Institute of India (SII) to go ahead with Covishield. The vaccination process began on January 6. Covishield was the first vaccine approved for public use while Pfzier and Bharat Biotech vaccines were in review. The CDSCO also looked into India’s Covaxin, co-developed by Bharat Bharat Biotech and Indian Council of Medical Research (ICMR).</span></p><p><span style="font-weight: 400">Bharat Biotech International Limited, an Indian biotechnology company founded in 1996 that has previously made 16 successful vaccines and exported them to 123 countries. </span><span style="font-weight: 400">It is headquartered in Hyderabad, India conducts research and development in drugs, vaccines, bio-therapeutics, pharmaceuticals, etc. </span></p><p><span style="font-weight: 400">Bharat biotech developed </span><span style="font-weight: 400">an eco-friendly recombinant and strain derived Rotavirus vaccine named ROTAVAC, India’s first and largest efficacy trial. They were also the pioneers in the development of vaccines for viral diseases like Chikungunya and Zika. </span><span style="font-weight: 400"> it is also the first company from the developing nations to carry out human trial challenges. Bharat Biotech used a sample of the coronavirus which was isolated by India&#8217;s National Institute of Virology.</span></p><p><span style="font-weight: 400">AstraZeneca plc is a British-Swedish multinational pharmaceutical and biopharmaceutical company founded in 1999. Headquartered in Cambridge, England, it produces products for major diseases including cancer, cardiovascular, gastrointestinal, infection, respiratory and inflammation.</span></p><p><span style="font-weight: 400">It is amongst the world&#8217;s largest pharmaceutical companies, and has acquired several acquisitions over the past decade. In 2002, its drug Iressa was approved in Japan as monotherapy for non-small cell lung cancer. In 2014 the company received approval for Olaparib in the treatment of women with advanced ovarian cancer with a BRCA genetic mutation. In 2017, it was the eleventh largest drug company in the world based on sales and ranked seventh based on Research and Development investment. With the onset of the pandemic, they donated PPE, including 9 million face masks, to help international health organizations mitigating the COVID-19.</span></p><p><span style="font-weight: 400">The Oxford-AstraZeneca COVID-19 vaccine is a medically tested safe vaccine that has no major side effects as reported during human trials. It has shown 62% efficacy when trial participants were given two full doses. </span></p><p><a style="background-color: #ffffff" href="https://dutchuncles.in/discover/who-is-adar-c-poonawalla/" target="_blank" rel="noopener">Adar Poonawalla</a><span style="font-weight: 400">, Chief Executive Officer, Serum Institute of India reports that they have already manufactured 5 crore doses of the vaccine and are building a stock with at-risk manufacturing and stockpiling license from the DCGI. They aim to produce 30 crore doses by July 2021. </span></p><p><span style="font-weight: 400">AstraZeneca also had a licensing agreement with Serum to supply one billion doses for low-and-middle-income countries, with a commitment to provide 400 million before the end of 2020. Some of the first doses were shipped to Bhutan, Maldives, Bangladesh, Nepal, Myanmar and Seychelles. Till now, only Covishield has been exported as gifts or commercial agreements.</span></p><p><span style="font-weight: 400">In its initial phase of the drive, India plans to vaccinate almost 30 crore people including one crore healthcare workers, 2 crore frontline and essential workers and 27 crores elderly above 50 years with health issues, etc. With eight COVID-19 vaccine candidates in different stages of the trial, many could be ready for being authorized for use soon.</span></p></div>
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		<p>The post <a rel="nofollow" href="https://dutchuncles.in/discover/covid-vaccine-know-more-about-bharat-biotech-and-oxford-astrazeneca/">What you need to know about Bharat Biotech and Oxford/AstraZeneca?</a> appeared first on <a rel="nofollow" href="https://dutchuncles.in">Dutch Uncles</a>.</p>
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