Financial Daily from THE HINDU group of publications
Friday, May 12, 2006
Financial Daily from THE HINDU group of publications Friday, May 12, 2006 |
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Industry & Economy
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Science & Technology States - Andhra Pradesh IICT plans scan, storage facility for plant molecules Our Bureau
New initiative The Rs 24-crore facility would save time and effort for drug developers by screening hundreds of compounds at one go.
Hyderabad , May 11 The Indian Institute of Chemical Technology (IICT) will set up a facility to systematically scan the abundant plant wealth of the country and identify the biologically active molecules in them. The facility would greatly benefit drug developers in the private sector. They would get all biologically active compounds isolated from Indian medicinal plants under one roof, for further use. Talking to reporters here on Thursday, Dr J.S. Yadav, Director of IICT, said the Rs 24-crore National Facility for Combinatorial Natural Products would have state-of-the-art equipment for drug development from plant products. Dr Yadav said the institute was ready to forge tie-ups with entrepreneurs. The country's first-of-its-kind facility would save time and effort for drug developers by screening hundreds of compounds at one go. It was being developed with financial assistance from the Department of Science and Technology (DST) and CSIR (Council for Scientific and Industrial Research). The facility will also house a bank that can preserve up to a million compounds. It would have automatic storage and retrieval facilities using advanced robotic technologies. The IICT is also setting up a national facility for analysis of herbo metallic products using X-Ray Fluorescence Spectrometry (XRF). This would help determine the nature and extent of metals present in herbal products and preparations. Dr Yadav said this would go a long way in establishing good manufacturing practices in herbal-based preparations.
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