Business Daily from THE HINDU group of publications
Saturday, Apr 26, 2008
ePaper | Mobile/PDA Version | Audio


News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

Corporate - Outlook
Merck to launch diabetic drug Januvia soon

Our Bureau

Bangalore, April 25 Pharma major Merck & Co, Inc is improving its operations, visibility and market presence in India and is focusing on the launch of Januvia, its drug for insulin-independent diabetics, according to Dr Richard Tillyer, Senior Vice-President, Head of Worldwide Preclinical Development at Merck & Co, Inc.

The US-based company opened office in Delhi in 2005 as Merck Sharp & Dohme Pharmaceuticals P Ltd (MSD), and has 400 personnel. “We do intend to have a major impact here. We are gearing up to launch Januvia here in India soon,” Dr Tillyer said, during the inauguration of the three-day Bangalore Bio here. Merck is also a global partner for the event.

Sold globally as the patented Januvia, Merck’s blood glucose lowering drug sitagliptin phosphate is said to have made revenue of over $660 million worldwide in 2007.

The MSD-India team would grow to 800 people by the end of the year, up from two just two years back, Dr Tyllyer said. Merck was adopting a partnership strategy in India to develop and market the next wave of drugs and vaccines.

One such is already under way with the Tata group-promoted Advinus Therapeutics.

The MSD-India Web site says its medical and clinical research division will co-ordinate research projects with clinical investigators in leading hospitals and universities.

More milestones

Meanwhile, research partner Advinus said it has received two more milestones – one each in two programmes - with Merck & Co.

The second milestone for one programme was reached within four months of the first, announced in November 2007.

Advinus and Merck began their tie-up in November 2006 to develop clinically validated drug candidates in metabolic diseases. Merck has the option of taking forward the most promising drug candidates into late-stage clinical trials.

Advinus receives milestone payments that could potentially touch $74.5 million a target and on the sales of any products that emerge from the collaboration.

Mr Rajiv Malik, Senior Vice-President and Head of Operations, said, “Together, we have met or surpassed all the expectations that were set out between the partners”.

More Stories on : Outlook | Pharmaceuticals | Health

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



Stories in this Section
SAIL to hold prices at pre-raw material surcharge levels


Ranbaxy gets US nod for respiratory allergy drug
SRF posts Rs 139-cr PAT; to pay 20% final
Cosmo Films to pay 50% dividend
Gayatri Projects gets 6 orders
Iris Manufacturing hives off design unit as subsidiary
Bharat Refractories merger with SAIL approved
Nod for Shaw Wallace merger with United Spirits
NMDC going solo on Chhattisgarh steel project
Jindal Steel gets exploration licence from Bolivia
Avesthagen inks pact to co-develp novel vaccines
Reliance Power closes above Rs 400 mark
Mahindra-Renault plans to export Logan
United Spirits to improve distilling capacity
Cobra Beer arm seeks FIPB nod for change in status
Merck to launch diabetic drug Januvia soon
BMW aims to sell 2,000 vehicles this year
Eastern Silks shifts focus to domestic market
Pennar Ind upbeat on growth prospects
Hassan-Mangalore rail company breaks even


Smartbuy



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

Copyright © 2008, 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