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Biotechnology industry expected to grow into a three billion dollar industry by 2002

The biotech products market in India is expected to grow into a three billion dollar industry by 2002 according to a Rabo India finance report. The big leap is expected to triple the industry's size from its 1999 value of one billion dollars. Biogenerics, biopharmaceuticals, agriculture, food and nutrition sectors are all poised for the big leap, both nationally and internationally. ..The repor...

Biotechnology on the lead

Public health experts have stated that Biotechnology will provide the most effective defence against bioterrorism. ....The completion of the human genome project, and developments in understanding of diseases like anthrax and botulism, will help in developing tests and vaccines that will protect society against bioterrorist attacks - as well as natural epidemics.// The annual meeting of the Amer...

Panacea Biotech To Market Anthrax Vaccine

Panacea Biotech has bagged the registration, production and marketing rights of the anti-anthrax vaccine developed by the Centre for Biotechnology in the Jawaharlal Nehru University (JNU). It is expected that the vaccine would be in the market in 3-4 months. The Company has made a milestone payment to JNU for the exclusive rights. In addition, it will pay the university a royalty on sales. Howeve...

Commercialization of Biotech Discoveries, An Encouragement For Researchers

The Central government of India plans to come out with a legislation to pave the way for commercialisation of technologies discovery by Indian universities //and research institutions to create a strong domestic biotech industry. ..The proposed legislation would give Indian universities and institutions such as the Indian Council of Medical Research and CSIR the ability to stake claims on discov...

Biotech drug causing anemia-EPREX

EPREX, a version of the human recombinant "erythropoietin", a genetically engineered drug, has recently been found to cause a potentially life-threatening anaemia among patients who have been administered with this drug. This drug introduced in the late 1980s and is used to treat patients with kidney disease. //The disease, called Pure Red Cell Aphasia or PRCA usually occurs in vanishingly small...

Leading Biotech Companies Are Interested In Acquisition Of Smaller Companies

Leading biotech companies like Pfizer are increasingly interested in acquisition of smaller biotech companies whose products are in the early phase 2 clinical trials.// “Smaller companies are more willing to consider acquisition then they used to be,” notes Roger Longman, Managing Partner at Healthcare business information specialist for Windhover information. The possibilities of going public af...

Biologicals Transfer Proposal between US and Indian Biotechnology

An agreement in principle to enable the smooth transfer of microorganisms and biological materials from the US to India is an encouraging sign for Indian bioscience. But slow implementation of the country’s broader biotech // goals, including India’s grandiose scheme to become the global hub of contract research and clinical trials, may threaten its goal of becoming a major player. .. ..Discussio...

Finland and India to interact and cooperate in the filed of telemedicine and biotechnology

Meria heikela, Leader of Finpro’s global industry team said that Telemedicine and biotechnology are the two important potential areas of cooperation between Finland and India.// Ms. Heikela talked to a gathering of Industry representatives at an interaction organized by the Confederation of Indian Industry (CII). ....Heikela said that about 90% of medical equipment produced in Finland was export...

Vical Biotech and NIH jointly develops HIV vaccine

A new HIV vaccine is being jointly developed by Vical Pharmaceuticals and the National Institute of Health (NIH). The new HIV vaccine was developed by the scientistis in NIH and the Federal government is using the Vical Biotechs DNA delivery technology to inserting the HIV genes//. ..Vical Inc. is a Biotechnology company based in California, which has developed an accurate DNA delivery system, l...

Biotechnology Initiatives Planned In Hyderabad

An international institute of life sciences is to be launched in the Indian city of Hyderabad, establishing its position as the country’s biotechnology hub. // This will be a biotech incubation center meant for start-ups, and an animal resource facility which will come up to international standards, at the Genome Valley. ....Over 50 biotech firms, including several multinationals, have already...

Biotech Osiris to go public

Baltimore biotech, the company that is known for being the sole manufacturer of the stem cell product, has made its plans known, about its intention to go public//. The company is slated to sell out nearly $80 million in shares, as per the papers filed with the Securities and Exchange Commission. ....Stem cells have been under a lot of scrutiny, and debates have been raging about what this scienc...

Panacea Biotec In-Licenses FMD Vaccine

Panacea Biotec Ltd today said it has entered into an agreement with the National Research Development Corporation (NRDC) // for in-licensing of Foot and Mouth Disease (FMD) vaccine developed by the Indian Veterinary Research Institute. ....'As part of the agreement, we will produce and market the vaccine in the Indian market first. As and when we meet the requirements of the domestic market and i...

Western Region Tops in Indian Biotech Growth

In the race for supremacy in the Indian biotech sector, the western region has claimed the number one spot during the fiscal (2005-06) // by contributing 50 percent of the total revenues of $1.5 billion (Rs.65 billion) as against 37 percent by the southern region. ....Giving an account of the sunrise sector's performance, Karnataka Biotech Vision group chairperson Kiran Mazumdar-Shaw told the Ba...

Swedish Biotech Licenses HIV Drug to China for Development

The Swedish biotechnology company Medivir announced yesterday that it has licensed its experimental non-nucleoside// reverse transcriptase inhibitor (NNRTI), code-named MIV-160, to the Chinese company Guangdong Lantai Viewland Pharmaceutical for the China region. Medivir will retain the worldwide rights to the product. ....Guangdong Lantai Viewland Pharmaceutical will potentially develop MIV-16...

Pediatric Dengue Vaccine Initiative and Hawaii Biotech Partner Against Dengue Fever

The Pediatric Dengue Vaccine Initiative (PDVI), a program of the International Vaccine Institute (IVI), and Hawaii Biotech // , announced today their partnership to help develop and make a Dengue vaccine widely available for the global prevention of Dengue fever, the second most widespread tropical disease after malaria. ....Dengue fever is a mosquito-borne disease to which over 2 billion people...

US Biotech to Invest $400 Mn in Himachal Pradesh

Shimla: US-based Nanobiosym, a leading biotechnology firm, is keen to invest $400 million project in Himachal Pradesh to manufacture world-class equipment for a global market.// ....Anita Goel, founder and chief executive officer of Nanobiosym, submitted the project proposal to Chief Minister Virbhadra Singh over the weekend. ...."We have envisioned a project of over $400 million for Himachal to...

Bharat Biotech Launches Anti-Rabies Vaccine

Bharat Biotech International Ltd. (BBIL) Monday launched a new anti-rabies vaccine Rabirix that can be used both for prevention //as also for treatment in case of infection due to animal bite or contact with saliva of an infected animal. ....Rabirix has been indigenously developed by BBIL and "can be used for both prophylactic (vaccine-pre bite) and therapeutic (post bite) treatments", said Kris...

New Biotech Drugs to Aid in Renal Cell Carcinoma Treatment

Two biotech drugs produced by Bayer AG, Pfizer and Onyx pharmaceuticals are astounding doctors with their effects on decreasing the progression// of metastatic kidney cancer. .. The drugs, sunitinib (marketed under brand name Sutent) and sorafenib (brand name Nexavar) have been found to delay the progression of renal cell carcinoma by 3 to 6 months. ..Renal cell carcinoma is the most common...

Rhode Island Biotechnology Company Develops Tularemia Vaccine

EpiVax, Inc, a leader in genome-derived vaccines, announced today that it has developed a promising tularemia vaccine // candidate (TuliVaxTM) that confers protective immunity. Francisella tularensis is a bacterium considered to be one of the most dangerous potential bioterror agents. ..This vaccine project was funded by a BioDefense Small Business Innovation Research (SBIR) grant by the Nation...

FDA Cites Challenges of Generic Biotech

A top drug regulator told lawmakers Monday it could be a decade or more before science is available to safely approve generic versions of biotech drugs // in the way the agency approves knockoffs of traditional drugs. ..Food and Drug Administration deputy commissioner Janet Woodcock's testimony could benefit companies such as Amgen Inc. and Genentech Inc, which have never faced generic competiti...

United Biotech Launches New Oncology Division

India-based United Biotech is diversifying into the oncology segment starting with the launch of its new oncology division at an initial// investment of $3.4 million. .. ..The company has established a state-of-the-art division for oncology at its facility in Baddi, Himachal Pradesh (India). This new division is set up in collaboration with Blausiegel, a Brazilian company, for its entire range...

Law Emerging in US for Generic Versions of Biotech Medicine

The US might be a capitalist-friendly land. But there too strident voices are being raised in favor of consumers. As a result legislators are now moving// to ensure availability of lower-cost copies of biotechnology drugs that now cost tens or hundreds of thousands of dollars a year. ..Generics are now allowed only for traditional, chemical compounds whose patents have expired. You can't get the...

India’s Biotech Companies- Jumbos Waiting to Gro

A Canadian report has come out with news that would gladden the heart of investors of Indian biotechnology companies, as well as strike fear// in the minds of their western rivals. .. According to lead reporter Peter Singer of the McLaughlin-Rotman Center for Global Health in Toronto, Canada, “ India is innovating its way out of poverty and ill health". .. Accordingly, Indian firms, with low...

Biotechnology Will Dominate The 21st Century

Union Minister of State for Environment and Forests, Shri Namo Narayan Meena said biotechnology would dominate the 21st century just as information technology dominated the last century. ......Addressing the 10th meeting of the Consultative Committee of the Ministry of Environment and Forests, last night, he informed the meeting that the stay on Genetic Engineering Approval Committee has been v...
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