The net turnover of Panacea Biotec (PBT), a research-based health
management company, grew by 25 percent at $63 million (
284 crore) during the quarter ended
December 31, 2010, as compared to $51 million (
228 crore) for the corresponding period
of previous fiscal. The pharma formulations segment grew by 12 percent
with a net turnover of $16 million (
71 crore) as compared to $14 million (
63 crore) during the corresponding period
of previous financial year, supported by 80 percent growth in
export in this quarter. The vaccine segment grew by 29 percent
with a net turnover of $47 million (
212 crore) as compared to $36 million (
164 crore) of previous financial year.
Avasthagen launches AvestaDHA
Avesthagen, a life science company from Bangalore, announced the
completion of its first-in-class vegetarian DHA omega 3 essential fatty
acid. The project for the development of AvestaDHA - a vegetarian
source of DHA (docohexanoic acid) omega 3 essential fatty acid was
based on an innovative approach using naturally occurring microalgae.
A novel, Schizochytrium linacinum strain SC-1 was developed by
Avesthagen for producing Vegetarian DHA through fermentation. The
patented technology has been scaled up and validated for
Panacea Biotec Launches PacliALL
Panacea Biotec launched an indigenously developed Albumin bound
Paclitaxel particles formulation – PacliALL. PacliALL offers the
advantage of improved safety over conventional formulations of
Paclitaxel and is meant to be used as a chemotherapeutic agent for the
treatment of Breast Cancer. PacliALL would be made available at a price
point which is approximately 50 percent lower than competitive products
in the domestic and global markets. PacliALL has been developed by
Panacea Biotec’s state of the art Global Research and Development
(GRAND) Centre, Mumbai.
Takara Bio ties up with DSS imagetech
Japan-based Takara Bio has entered into a joint venture with
India-based DSS Imagetech for manufacturing and marketing research
reagents in India. A spin-off from the DSS Life Sciences Division, the
new company, DSS Takara Bio, will come into effect from April 1, 2011.
As part of the agreement, Takara Bio will hold 51 percent of the share
and DSS Imagetech will hold 49 percent share. With the capital of
4.5 crore) and 25 employees, the DSS
Takara Bio will engage in the manufacturing and sales of research
reagents and kits. The joint venture aims at enhancing manufacturing
capability to offer competitive research reagent and kits suitable for
the regional market needs.
Intercell starts phase II/III study
Intercell, an Austria-based company involved in producing vaccines, and
its partner Biological E, an India-based pioneer in preventive
medicine, commenced on a pediatric phase II/III study for the vaccine
to protect children from Japanese Encephalitis (JE).
The vaccine will be manufactured in India by Biological E based on
Intercell’s technology. This randomized and controlled study will be
the first pivotal phase II/III study in an endemic region towards
licensure of the pediatric JE vaccine. The study will enroll healthy
children aged between one and three years across multiple sites in
Jubilant shows 32% drop in Q3 revenue
Jubilant Life Sciences, an integrated life sciences company, registered
a 32 percent drop in services revenue in the third quarter of FY2011,
as services revenue stood at $36.7 million (
167 crore) as compared to $54 million (
246 crore) in same quarter last year. The
last year’s sales in contract manufacturing business, included one-time
revenue from H1N1 opportunity of $12 million (
In Q3 FY2011, company’s EBITDA was at $29 million (
134 crore) with margins at 15.4 percent
driven by 23 percent EBITDA margins from products business. Net Profit
was at $10 million (
44 crore) for the Q3 FY2011.
Stemade launches dental stem cell
After introducing dental stem cell banks in Mumbai, New Delhi and Pune;
Stemade Biotech, India’s first private dental stem cell bank, launched
its new dental stem cell bank in Bangalore. The concept of dental stem
cell banking is the first-of-its-kind technology licensed in India by
Stemade’s international partner, Institut Clinident, a biotech company
in France. Stemade has been licensed with the patent from Institut
Clinident of France for dental stem cell banking in Asian markets.
Dental stem cell banking is the first of Stemade’s many ventures that
makes its breaktrough in the Indian healthcare market.
Credent to enter Ghana market
Credent Technologies, a Mumbai-based agribiotech company has been
invited by the Afigya Kwabre District Assembly in the Ashanti region of
Ghana to assist the Ghanian farmers and explore the Ghanian market. The
company aims to increase production in Ghana and also to reduce
the health risks associated with chemical fertilizers. Promoting the
use of crop-friendly products, the company will help the farmers
understand about the zero residue products, which helps in agricultural
sustainability and environmental impact reduction.
The company offers farm products that are made with 36 herbs like neem,
pipli and black pepper. These are safer, more effective, less invasive
and more economical than the conventional crop-care products.
Agilent Technologies acquires A2
Agilent Technologies, the premier measurement company, has completed
the acquisition of specific assets of US-based A2 Technologies.
Financial details related to the acquisition were not disclosed.
The acquisition expands Agilent’s spectroscopy business. Substantially
all of A2 Technologies’ intellectual property, technology and
spectroscopy product portfolio are now part of Agilent’s Spectroscopy
Solutions Division within its Chemical Analysis Group. A2 Technologies
focuses on fourier transform infrared (FT-IR) technology for lab and
field use. The company designed, developed and manufactured FT-IR
spectrometers for routine analysis and out-of-lab applications in the
petrochemical, environmental, aerospace, art conservation, academia and
geosciences markets. Unique, patented technologies acquired from A2
provide high-performance analytical capabilities in a compact form.
Thermo Fisher signs pacts to sell
Thermo Fisher Scientific, the global biosupplier company, has signed
definitive agreements to sell its Athena Diagnostics and Lancaster
Laboratories businesses for a sum of $940 million in cash. The company
reached an agreement to sell Athena Diagnostics to Quest Diagnostics
for $740 million.
Athena Diagnostics, based in the US, is a leading reference laboratory
that provides comprehensive diagnostic testing for neurological and
other diseases, with an emphasis on gene-based tests.
The company also reached an agreement to sell Lancaster Laboratories to
Eurofins Scientific for $200 million, subject to a post-closing
Lancaster Laboratories is a contract-testing laboratory that provides
comprehensive analytical services for pharmaceutical, biopharmaceutical
and environmental sciences customers.
GE Healthcare gets certification for
GE Healthcare has announced that two of its new electronic medical
record (EMR) solutions have been certified for ‘meaningful use’.
Centricity Practice Solution 10 and Centricity Patient Online 12 are
enhancements to existing EMR solutions from GE Healthcare that will
help customers achieve ‘meaningful use’ and go beyond, meeting the
needs of clinicians and patients with elegant design, intuitive
work-flows and easy-to-use features.
Centricity Practice Solution 10 is the evolution of GE
Healthcare´s fully-integrated EMR and practice management system
for physician practices. Centricity Patient Online 12 is a new release
of the company´s established Patient Portal technology, at
HIMSS11. Centricity Patient Online creates a single channel of
communications that extends the provider work-flow to the
patient´s home to help reduce costs, enhance quality, and
increase access to care.
Agilent introduces SureSelect RNA
Agilent Technologies has introduced SureSelect RNA Capture Kits. It is
the first commercial RNA target enrichment system enabling geneticists
to focus on specific genomic loci or transcripts of research interest.
The RNA capture kits make it possible to precisely measure expression
levels of genes of interest and detect allelic-specific expression,
splicing events and gene fusions.
Researchers can use the new RNA capture kits to combine targeted genome
and transcriptome data in a single experiment for ‘integrated biology’
insight into the sample. This is accomplished by creating custom
SureSelect designs that can enrich up to 6.8 Mb of DNA and RNA for the
same set of genes. Agilent’s eArray design tool lets users customize
the kits to their exact experimental needs. Agilent has also introduced
SureSelect Human Kinome kits for RNA target enrichment.