|
Chennai:
It is like supporting products with a a life extension
programme. After focusing on specialist doctors, drug
major Glenmark Pharmaceuticals Limited has decided to
target general practitioners / family physicians, for
which it has carved a new division, Milieus, for this
purpose.
According
to A S Mohanty, director, domestic formulations, "With
India binding itself to WTO''s product patent regime, the
prospects of reengineering new molecules has vanished."
The option before Indian pharma companies is to extend
the usage of their existing product basket.
Many
of the older generation drugs are efficient. But pharma
companies had their own reasons for launching newer ones
while withdrawing the older drugs, he said. Glenmark has
identified around 15 products used for treating infections,
cough, cold, inflammation and other ailments to be promoted
amongst general practitioners. According to him, the initial
results are encouraging.
Meanwhile,
the company is gearing itself for conducting the phase
II clinical trials for its new asthma molecule GRC 3886.
The company has already entered into an agreement with
the US-based Forest Laboratories, and Japan''s Teijin Pharma
Ltd for developing and marketing this drug in North America
and Japan respectively. The Indian company is now on the
look out for buyers in Europe.
According
to the contract terms with Forest Laboratories, Glenmark
would receive a total of $190 million based on milestones
achieved by it. The company has received around $20 million
till date. The Japanese company would pay upto $53 million,
again based on milestones achieved by Glenmark.
The
other drug under development is for type II diabetes.
Glenmark has applied to UK authorities for conducting
phase I clinical trials for this drug.
|