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      Kalam calls for cost effective drugs

      Posted AtNewstodaynet.com

      President A P J Abdul Kalam called on the pharmaceuticals industry to develop cost effective drugs which are affordable to masses at large.

      'Drugs manufactured in India are cheaper when compared to world market but still it remain unaffordable for our country Men,' he said at a visit to the Formulation Complex of Orchid Chemicals and Pharmaceuticals Limited here, yesterday. Complimenting the scientists of the company for developing anti-Diabetes molecule, he asked them to work hard to convert the molecule into a successful drug. But, he said, most of the companies went on to market the molecule, rather than developing it into a commercial drug. 'I am looking forward to a India developed, produced and marketed drug,' the President said.

      Kalam called for convergence of information technology, biotechnology and nano technology to evolve new formulations for discovery of drugs. 'To eradicate liver ailments, controlling cardio vascular diseases and diabetes, and preventing AIDS, we need a 'creative leadership' where the leader should change his role from commanding officer to that of a coach,' he said.

      K Raghavendra Rao, managing director of the company said, 'The eleven-year-old Orchid is a globally recognised, integrated pharmaceutical company with core competencies in the development and manufacture of active pharma ingredients and finished dosage forms as well as in drug discovery.'

      He said from the very inception, the company has been investing aggressively for establishing modern research and manufacturing facilities aimed at global markets, thus emerging as a world-class pharmaceutical company covering the entire value chain from 'discovery to delivery'.

      Orchid at its R & D centres, and along with its US subsidiary, is actively involved in the discovery of new drugs. The company's anti-diabetes molecule which has advanced into human clinical is unique for its efficacy and safety, Rao said.

      Till date 22 Abbreviated New Drug Applications (ANDAs) have been filed from this formulation complex at Sriperumbadur, of which seven have been approved by US FDA. For the fiscal year 2005, the company has achieved a turnover of Rs 690 crore. Orchid is investing six per cent of its turnover in R&D.

      December 02, 2005


       

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