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Nicholas Piramal's R&D efforts bear fruit - Views on News from Equitymaster
According to newspaper reports, Nicholas Piramal Limited is conducting advanced human trials on an anti-cancer and anti-infective drug. Patents have been filed in the US and India. The research and development (R&D) efforts have been jointly undertaken with Cytran Inc., US.
Nicholas Piramal Limited is one of the largest pharmaceutical companies in India, commanding a combined market share of 5%. The company has a strong presence in anti-bacterials, cardiovusculars, opthalmics, vitamins, biotek and antacids. It is the only Indian firm that is a part of the Massachusetts Institute of Technology's industrial liaison programme.
Indian pharmaceutical companies have been stepping up their R&D efforts in view of the Year 2005 deadline set by the WTO for the recognition of product patents in the country. Companies including Ranbaxy and Dr Reddy's have already achieved a significant measure of success in their efforts, with Cipla following closely. The companies have been developing products and also concentrating on their generic drugs business, which they expect, will continue to rake in profits due to the competitive advantages Indian firms enjoy. The success of its R&D efforts will propel Nicholas Piramal into this select group of Indian pharmaceutical companies.
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