Dr B Sahu
, chief executive officer and president,
Innovassynth Technologies, Maharashtra
Dr B Sahu has
been the chief executive officer and president of Innovassynth
Technologies since 2002. A graduate in science, with
post-graduation, Dr Sahu completed a PhD in management. He has over 30
years of experience in various industries. He has been involved in
starting a software company as well
Innovassynth has been involved in the contract research industry since
2002. Our strategy is to have a knowledge-based, R&D-driven,
chemical/biotech service company. The whole idea of categorizing
Innovassynth as a service company is to focus on cost, quality, timely
delivery and right communication with the clients, which are the
milestones of success of any CRO.
Despite significant increase in R&D investment, the number of new
molecular entities (NMEA) and biological license applications (BLAS)
filed in the US and Europe, has decreased over several years. This has
led to cost-cutting for R&D, and cut-off time for drug development.
Hence both India and China have become a major center of focus.
Innovassynth is involved in developing building blocks for RNA and DNA
with eight drug discovery companies and three pharma companies, in the
US and Europe. Also, Innovassynth is involved in developing special
molecules, scale up and producing large quantities.
The best opportunity for India is to work in high-end chemistry. While
working in this new area of technology, innovation is a must. Fostering
the culture of innovation is a great challenge. This calls for
flexibility, risk taking behavior, informal work culture and freedom to
express new ideas and encouragement for experimentation. Most of the
conventional Indian organizations are not equipped with this
Determination and perseverance of top management is critical for
achieving success in CRO industry. Since the business is very dynamic,
dealing with international clients, and winning them over is not that
easy. Even if the client works with you once, it is very essential to
maintain a good relationship, and produce ideas/results exceeding their
expectations, to ensure long-term bonding.
Transparency in communication and effective communication with the
clients are the key milestones for trust building. The clients must be
updated on their projects, online. In addition, they should have direct
access even with the junior-most scientists working on the project. It
calls for developing great maturity of scientists to respond and
communicate with the international clientele.
Time, cost and quality are the essence of this business. Hence supply
chain is also a major function, where getting raw materials in time,
and shipping the finished product to various countries following
international norms are the key factors in addition to quick
development of molecules, scale up and its manufacturing. IPR,
confidentiality and quality management system are also a must.
We, at Innovassynth during the past eight years, have cultivated and
won over more than 45 international clients. Our work focus with some
of them is on leading-edge chemistry. Many times, we have worked with a
concept and broad ideas, and have delivered the product ahead of
In fact, in India, there is a great business opportunity to work in
high-end technological areas and compete in the global market.