Speaking on 'IP rights ecosystem in India' at the 5th Annual Innovation and Intellectual Property Symposium organized by GE India Technology Center, Bangalore, in collaboration with the Associated Chambers of Commerce and Industry of India (ASSOCHAM), Chaitanya said that in India, over 75 percent of the patents are filed by foreign applicants and rest by the local applicants. Hence there is a need for large scale awareness campaigns, education on commercialization of IP and focus on patent protection.
The Himalaya Drug Company recently launched HiOwna-Jr., a prescription-based nutritional supplement for kids, that promotes physical and mental growth. Marking its entry into the $1.5 billion nutraceuticals market in India, this is first of Himalaya's products to be launched.
Bangalore-based Cellworks is a private, venture-backed biopharmaceutical therapeutic design and development company. Cellworks will use its proprietary predictive platform, which it pioneered in oncology and autoimmune disorders, to model drug MDR-TB and rationally identify 'synergistic combinations' that might have the highest efficacy and lowest possible toxic burden compared to all currently available combinations. AstraZeneca will then validate the top ten most effective combinations identified by Cellworks in-vitro in its laboratories, followed by validation using in-vivo model.