Financial Daily from THE HINDU group of publications
Tuesday, Jan 20, 2004

Cross Currency

Group Sites

Corporate - Announcements
Industry & Economy - Health

Human trials on Orchid's new anti-inflammatory drug in June

Our Bureau

Chennai , Jan. 19

A DRUG developed by Orchid Chemicals to combat inflammation is likely to be put through clinical trials on humans in Europe by June this year, said Mr K. Raghavendra Rao, Managing Director.

Mr Rao said the anti-inflammatory drug was developed by Orchid's team of scientists and was being tested on animals in India. The animal testing phase is meant to measure the toxicity of the drug.

Orchid already has a new drug in the human trials stage. An anti-diabetes drug developed originally by Orchid's US-based research partner, Bexel Pharmaceuticals, is going through a round of human trials in Europe. The current phase of trials (first phase) there would end in April this year.

Drugs discovered by Indian companies have often been sent overseas for human trials.

Industry hands said low credibility attached to trial data generated in India made it necessary to send the drugs abroad for trials.

Mr Rao said the company had decided to carry out human trials in Europe and not US because it is less expensive. He added the current European human trials on the anti-diabetes drug would cost about $1.5 million. Had the trials been held in the US, he estimated the cost could have been $2.5 million.

Mr Rao said the company hoped to find a partner to carry on the trials once the anti-diabetic drug successfully cleared early stages of phase II trials (meant to test the efficacy of the drug as against toxicity tests in the earlier phase). The high cost of drug development has forced Indian companies to look for partners during human trials.

The association of American pharmaceutical companies, PhRMA, had estimated the cost of developing a new drug to be about $802 million in 2000. Clinical trials run for about 8 to 12 years and the high level of failures bloat the overall cost of drug development. PhRMA estimated that only one compound out of 250 that entered pre-clinical tests (on animals) finished as an approved drug.

More Stories on : Announcements | Health | Pharmaceuticals

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Human trials on Orchid's new anti-inflammatory drug in June

Suven Life allots preferential shares
Lotte makes open offer for 20 pc Parrys stake
Norms eased for external commercial borrowings
Changes in ECB guidelines `a step towards full convertibility'
SC gives go-ahead to Essar Oil project
Finolex Cables Q3 net up 52 pc
Haldia Petro lenders' meet on Jan 22
Birla Sun holding in Heritage Foods up
Visaka setting up Rs 18-cr asbestos unit
Chemfab Alkalies to put up Rs 30-cr desalination plant
`Amend norms on enlisting company secretary services'
Power Trading Corpn to float IPO for raising Rs 59 cr
ICI Paints upbeat on southern markets
Ashok Leyland plans Rs 390-cr investment — May make a foray into China, Pakistan
IBP to tap new areas to sustain industrial explosive business
S.M. Datta at EID Parry helm

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2004, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line