Business Daily from THE HINDU group of publications Wednesday, Aug 29, 2007 ePaper |
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Alliances & Joint Ventures Ipca, CDRI pact for malaria drug
Mumbai, Aug. 28 Ipca Laboratories Ltd has entered into a collaborative-cum-licence agreement with Central Drug Research Institute (CDRI) for the further development of its compound 99/411, a promising synthetic substitute for malarial drugs based on Artemisinin. Artemisinin based combination therapy has been recommended by the World Health Organisation for the treatment of P. falciparum malaria. A synthetic substitute of artemisinin will be a breakthrough in cost effective management of f alciparum malaria and multi-drug resistant falciparum malaria in clinical practice, a note from the company said. CDRI-Lucknow is under the Council of Scientific and Industrial Research and is engaged in areas like anti-malarial, tuberculosis and reproductive health along with lifestyle and age related disorders. The compound under licensing is being developed in an oral form to meet new global challenges of the malaria incidence covering 300-400 million patients every year including the Indian population of around 3 million, the company said. The company spends four per cent of its turnover on research. – Our Bureau
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