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Industry Watch Industry Watch • Alliance between AGT Biosciences and Starpharma p.1392 • First Australian Biotech Company to List on HKSE p.1394 • Breakthrough in Transdermal Drug Discovery Technology p.1396 • Acrux Licenses MDTS Technology to Eli Lilly got Animal Health Products p.1398 • Biota Secures SARS Testing Agreement with US Government Research Agencies p.1400 • SysArris in Bio Partnering Europe 2003 p.1402 • Shantha Bio to Launch Streptokinase by Year-end p.1403 • Lupin Receives US FDA Approval to Launch Ceftriaxone p.1404 • MerLion Pharma Collaborates with Schering-Plough in Drug Discovery Research p.1405 • Quest Pharmaceutical Sets up Taiwanese Subsidiary p.1406 • BenQ to Invest in Nanjing’s Medical Facilities p.1406 APBN • Vol. 7 • No. 22 • 2003 1391 www.asiabiotech.com Industry Watch Australia ALLIANCE AGT BETWEEN BIOSCIENCES AND A STARPHARMA GT Biosciences Limited and Starpharma Pooled Development Limited has recently announced a collaboration in the development of drug therapies for Type 2 diabetes. Both are established Victorian-based biotechnology companies that will bring complementary skills to the project. AGT Biosciences will provide detailed understanding of the biology of the disease and the limitations of current treatments in addition to research strengths in biological validation of potential new therapeutic drugs. They also have strong links with major pharmaceutical companies in the area of diabetes and obesity. Starpharma, on the other hand, brings to the table their medicinal chemistry expertise, as well drug development and regulatory experience. Type 2 diabetes is a disease that affects 1.5 million Australians and cost national health system AUD3 billion (US$1.85 billion) annually. Diabetes: a bloating problem with affluence Diabetes is rapidly becoming one of the world’s major public health problems. The World Health Organization has predicted that the number of adults with diabetes in the world will rise from 135 million in 1995 to 300 million in the year 2025; a steep increase. In the Asia-Pacific region alone, the figure is forecasted at 136 million. A minority of patients suffers from Type 1 diabetes, which is caused by pancreatic beta-cell failure. However, far more common is the Type 2 diabetes, characterized by tissue resistance of insulin that cannot be overcome by beta-cell hypersecretion. Diabetes is among the top 10 causes of death in Westernized societies, and once assumed to be an affluent problem confined to North America and Europe, there is now a rising incidence of diabetes in the Asia Pacific region as well. In fact, a study carried out by member of the Asia Pacific Cohort Studies Collaboration (APCSC) has confirmed for the first time that populations of Asia and the Pacific is as much as risk of diabetes-related death as the populations of North America and Europe. As obesity and physical inactivity increases, so does the rate of diabetes, bringing a growing risk of death and disability, particularly from heart attacks and strokes. Compared to people without diabetes, diabetics in the region were found to have twice the risk of death from cardiovascular disease, a 50% increase in the risk of early non-cardiovascular death and a two-thirds increase in the risk of death from all causes. A positive association between obesity and the risk of developing Type 2 diabetes has been repeatedly observed in other cross sectional and prospective studies. Adult weight gain, the degree of obesity and the duration of obesity all independently predict the risk of Type 2 diabetes, thus it is not surprising that (Type 2) diabetes has been known as a disease of the affluent. The study was conducted by 81 investigators from nine regions, from New Zealand and Australia to Taiwan and Japan, and funded by the National Health and Medical Research Council of Australia and the Health Research Council of New Zealand. 1392 APBN • Vol. 7 • No. 22• 2003 Industry Watch About About An Australian biotechnology company is an Australian Stock Exchange (ASX: AGT) listed drug discovery company that uses leading edge gene discovery and validation technologies to identify novel therapeutic targets for prevalent human diseases. Their research strengths lies in genomics, functional genomics and biological validation of potential new therapeutics, particularly in diabetes and obesity. Starpharma Pooled Development Ltd, an ASX listed company, was established in 1996 to develop polyvalent nanoscale molecules called dendrimers, which had been under development by the Biomolecular Research Institute (BRI) in Melbourne, Australia, since 1992. In addition to the commercialization of their own research results, they also provide services to biotech and pharmaceutical partners, offering their eXpress technology platform to accelerate the validation of genes and proteins as therapeutic leads. This fee-for-service has attracted significant interest from biotechnology companies in the US, Europe and Asia-Pacific. AGT Biosciences’ diabetes and obesity gene discovery program has been highly successful, with over 65 novel genes and proteins in various stages of patent protection. They have also strong networks with the international pharmaceutical industry, including collaborations with the French pharmaceutical company Merck-Santé and the Japanese company Kyokuto Pharmaceutical Industrial. The CEO of AGT Biosciences, Dr. Greg Collier, said that the collaboration with Starpharma enhanced AGT Biosciences’ existing down stream drug development activities to develop specific drug candidates against Type 2 diabetes. The BRI first investigated dendrimers as protein mimics for pharmaceutical applications, before licensing the technology to Starpharma Pooled Development Ltd’s subsidiary company, Starpharma Ltd (“Starpharma”). Today, Starpharma Pooled Development Ltd has parallel investments to develop both pharmaceutical and nonpharmaceutical applications of dendrimer nanotechnology. The CEO of Starpharma, Dr. John Raff, said that Starpharma is collaborating with AGT Biosciences to assemble the full range of skills and the critical size required for an internationally competitive drug development program. The collaboration with AGT Biosciences is another example of Starpharma’s strategy of partnering with developers of worldleading technologies to complement their own. Contact Details: Starpharma Contact Person: Dr. John Raff Address: PO Box 6535, St Kilda Rd Central, VIC 8008, Australia Tel: +61 3 8532 2701 Fax: +61 3 9510 5955 Email: [email protected] URL: www.starpharma.com Contact Details: AGT Biosciences Contact Person: Dr. Grey Collier (CEO) Address: 1 Pigdon’s Road, Geelong VIC 3217, Australia Tel: +61 3 5227 2752 Fax: +61 3 5227 1322 Email: [email protected] URL: www.agtbiosciences.com APBN • Vol. 7 • No. 22 • 2003 1393 Industry Watch www.asiabiotech.com First Australian Biotech Company to List on HKSE V ital Biotech became the first Australian biotechnology company to be successfully listed (Stock Code 1164) on the Hong Kong Stock Exchange Main (HKSE) Board in early August 2003. The Victorian biotech company was established in 1998 in recognition of the market potential of biopharmaceutical products in China. Vital Biotech markets Osteoform Capsules and in five years, the calcium-based product has become the number one product in China for the prevention and treatment of osteoporosis, with sales of one million bottles a month. The decision to list the company on the HKSE was influenced by the importance of their activities in China and market capitalization levels (HK$600 million or US$77.5 million) that would place it within the top 10 of biotechnology companies in Australia. Vital Biotech had a turnover of HK$168 million (US$21.7 million) in 2002, and a profit of HK$41 million (US$5.3 million) from their sales in China. Other products marketed by the company in China includes Opin, a novel interferon pessary for chronic erosive cervicitis and genital herpes, and Spray-On Bandage. Vital Biotech, the commercial arm of the company, has two R&D centers: one in Melbourne, Australia (Vitapharm Reaearch) and the other in Chengdu, China. The Melbourne subsidiary, Vitapharm Research, provides downstream value-added biotechnology processing. It focuses on pharmaceutical development of drug delivery systems and biopharmaceutical products and their international commercialization. Two platform technologies had been developed: a protein stabilization and delivery (PSD) through a novel micro-bioencapsulation process; and a skin drug delivery system (SDDS), which is based on polymer membranes for a spray-on skin patch. The two technologies, PSD and SDDS, have resulted in the commercial products Opin and Spray-on Bandage respectively. Contact Details: Australia Address: Business Development, Vitapharm Research 20 Kingsley Close, Rowville, Victoria, Australia, 3178 Tel: +61 3 9764 1555 Fax: +61 3 9764 1554 Email: [email protected] URL: www.vitapharm.com.au Hong Kong China Address: 18/F CRE Building 303 Henessy Road, Wanchai, Hong Kong Tel: +86 021 6886 8092 Fax: +86 021 6886 8814 Email: [email protected] Shanghai China Address: RM 12B1, Jiangsu Building, 778 Dongfang Road, Shanghai, P.R. China Tel: +86 021 6886 8092 Fax: +86 021 6886 8814 Email: [email protected] 1394 APBN • Vol. 7 • No. 22• 2003 Industry Watch www.asiabiotech.com BREAKTHROUGH in V ital Health Sciences Ltd (VHS), a Melbourne biotechnology research company, has demonstrated that morphine can be delivered through the skin using its patented technology. This has widespread application as a superior drug delivery method for many other pharmaceutical compounds. This success builds on previous research at Monash University, where estradiol phosphate was found to have nearly doubled the rate of transdermal adsorption as estradiol. It was also noted that the amount of estradiol absorbed when mixed with Vitol IEP was much greater than any known commercial product. Previously, the VHS technology had been tested successfully on estrogen, testosterone and atropine. Morphine is the drug of choice for the relief of severe pain, especially palliative care of cancer patients, and Australia is one of the largest producers of morphine. VHS’s research manager, Dr. Esra Ogru said morphine is normally given orally by tablets or through injections. “Both these methods are usually distressing to long term users. They cause many side effects such as constipation, vomiting, nausea and shortness of breath. Additionally, these methods for dispensing morphine lead to fluctuation in pain relief as the dose cannot be given on a constant basis. He added, “Many of these shortcomings can be overcome by delivering morphine through the skin. It will reduce the side effects, be more convenient, reduce the length of many patients’ hospitalization and improve quality of life. Most importantly, as morphine is capable of being administered through a patch using VHS’s patented technology, the amount of morphine given to patients can be kept at a steady level thereby giving constant pain relief to sufferers.” VHS’s (commercial) director Harry Rosen said that the Monash study is a substantial breakthrough given the current difficulty in delivering morphine through the skin. This is because drugs with high melting points, such as morphine (254oC), do not penetrate the stratum corneum (outer layer of the skin) well. 1396 APBN • Vol. 7 • No. 22• 2003 Industry Watch Transdermal Drug Delivery Technology Transdermal Administration Transdermal administration of drugs can be used as an alternative to oral delivery. Major advantages of transdermal administration include compliance, consistency of blood levels and reduced toxicity. Transdermal patches have the capacity to allow for a constant delivery of small doses of a drug so that a constant and steady level is maintained in the bloodstream. Oral administration of drugs causes peaks and troughs of drug concentrations in the body. The risk in the oral administration of many drugs is that the peak may lead to side effects and the trough may lead to a breakthrough of the condition being treated. Transdermal delivery of drugs is also useful for delivering drugs that require sustained blood levels. However, the skin acts as a natural barrier to substances, and delivery of drug molecules across the skin is normally inefficient and often ineffective. Approaches developed to address these limitations include physical disruption of the stratum corneum with electrical, ultrasound or microneedles techniques, or less invasive techniques using chemicals. Of the former, only microneedles show promise, and even then, they have limited application possibilities. Patches, gels and creams, and sprays (such as the metered-dose transdermal spray or MDTS®) appear to be the favored direction in which transdermal drug-delivery technology research is headed. Current drug delivery theory assumes that transportation of drugs across human cell membrane in the intestinal wall and through the skin is passive. In other words, the drug simply diffuses across the cell membrane. In VHS’s research, they initially conjectured and then demonstrated through its clinical trials, that certain lipophilic compounds when phosphorylated, can exploit the body’s natural active transport system, and can thus pass through the intestinal membranes or the skin. In many instances the body will actually add a phosphate to a molecule in order to store it or move it about the body. Contact Details: Vital Health Sciences Ltd Contact Person: Dr. Esra Ogru (Research Manager) Tel: +61 0402 080 846 URL: www.vitalhs.com APBN • Vol. 7 • No. 22 • 2003 1397 Industry Watch www.asiabiotech.com Acrux Licenses MDTS Technology to Eli Lilly for Animal Health Products Melbourne A crux DDS Pty Ltd, a wholly-owned subsidiary of Acrux Limited, and Eli Lilly and Company, through its division Elanco Animal Health, have signed a global license, development and commercialization agreement for animal health indications using MDTS, Acrux’s proprietary transdermal drug delivery technology Acrux will receive technology access fees and possible milestone fees through product launch. Under the agreement, Elanco will conduct and/or fund related product development activities. Additionally, Acrux will receive royalties from future sales of products arising out of the collaboration. “We are very pleased to be able to work with a leading innovator in animal healthcare to develop and commercialize valuable products for the companion and production animal businesses,” said Igor Gonda, Managing Director and CEO of Acrux. He continued, “After Elanco conducted an evaluation exploring the use of Acrux’s technology, they decided to pursue development for a range of animal healthcare therapeutics. We believe that, by partnering with Elanco, we will be able to offer attractive alternatives to oral delivery and injections for animals.” What is MDTS technology? MDTS stands for Metered Dose Transdermal System, Acrux’s proprietary spray system for transdermal drug delivery. It is a small spray device that offers a novel means of administering drugs via the skin as an alternative to oral or injected dosing. MDTS is used in conjunction with: ACROSS penetration enhancers — a common sunscreen which assist the passage of drugs across the skin; and the Patchless Patch delivery method, a drug formulation containing ACROSS enhancers which is used to create a reservoir of drug in the skin from an aerosol or liquid spray. How is MDTS used? A solution of an existing drug and Across enhancers is added to a small vial fitted to the MDTS applicator. The MDTS applicator is gently placed against the skin and a simple depression of a button on the device causes the delivery of an accurate dose of the drug to the area of skin covered by the applicator. The drug formulation disappears from the surface of the skin in a minute or so and a single administration typically provides medication for a day. 1398 APBN • Vol. 7 • No. 22• 2003 Acrux has a number of products in development including those with its partners for the management of: severe pain; disorders affecting the central nervous system such as Alzheimer’s and Parkinson’s diseases, nausea and anxiety; hormone therapy; female androgen insufficiency; urinary incontinence; and aging skin. Applications of MDTS-based treatments in veterinary science Most of the disorders of biological systems that cause disease in humans have a parallel in the animal world, which is why testing in animal models is usually an early step in the development of a new drug destined for human application. Traditionally, the dosing of companion and production (or agricultural) animals with existing formulations, particularly those designed for oral administration, has been associated with inherent difficulties. For drugs that are normally administered to animals orally or by injection, the successful adaptation of Acrux’s MDTSrelated technologies will overcome the problems of stressful application to animals. For drugs that are currently applied by traditional transdermal methods, Acrux’s technology will improve the applicability of such treatments. About Elanco Animal Health Elanco Animal Health, based in Indianapolis, Indiana, US, is one of the world’s leading animal health companies. Elanco discovers, develops and markets innovative technologies for use in animal production, care, disease prevention and treatment. Elanco is a global animal health company with facilities located to serve the global marketplace. About Acrux Limited Acrux Limited’s group of companies is engaged in the development of proprietary transdermal and cosmeceutic products using technology licensed from Monash University, Melbourne, Australia. The Acrux product portfolio also includes treatments for hormonal deficiencies, pain, anxiety, Alzheimer’s and Parkinson’s disease, nausea and urinary incontinence using its proprietary ACROSS® enhancers, MDTS® applicators and Patchless Patch™ delivery method. In addition to the projects funded internally, Acrux has a research and development collaboration with Pharmacia (recently acquired by Pfizer Inc.) and it has also sub-licensed its technology for anti-psoriatics and local anesthetics to Connetics Australia Pty. Ltd., a subsidiary of the US company Connetics. Contact Details: Acrux Limited Elanco Address: Acrux Limited, 103-113 Stanley Street, West Melbourne , VIC 3003, Australia Address: 16 Giffnock Avenue, Macquarie Park, NSW 2113, Australia Tel: +61 3 8379 0100 Tel: +61 2 9878 7777 Fax: +61 3 8379 0101 Fax: +61 2 9878 7720 Email: [email protected] URL: www.elanco.com URL: www.acrux.com.au APBN • Vol. 7 • No. 22 • 2003 1399 Industry Watch Applications of MDTS-based treatments in human medicine Industry Watch www.asiabiotech.com Biota Secures SARS Testing Agreement with B iota Holdings Limited (ASX:BTA) announced today that it had executed an agreement with two US government agencies — the National Institute of Allergy and Infectious Diseases (NIAID) and the US Army Medical Research Institute of Infectious Diseases (USAMRIID) — to test Biota’s antiviral compounds for activity against SARS. Under the agreement, which runs for three years, Biota will send selected compounds to USAMRIID, or in some cases to companies contracted by NIAID or USAMRIID, to undertake testing for activity against clinical isolates of the SARS virus. Because SARS is a serious, contagious viral disease, only a small number of facilities worldwide are adequately equipped for handling and testing of the virus. In addition to SARS, under the agreement Biota’s compounds will be evaluated also as potential treatments for other serious viral infections, including Smallpox. Biota CEO Peter Molloy said, “We have been working toward this agreement for several months. Now we can start assessing our existing compounds for possible activity against SARS.” Biota is Australia’s leading antiviral drug discovery company and has a suite of potential viral inhibitors assembled over many years of antiviral research, many of which will be tested under the agreement. Initially, the Company plans to send approximately 40 selected representative compounds for evaluation. “If any of these prove to be active, our plan would be to modify them structurally with a goal to enhance their activity and then resubmit them for further testing,” said Dr. Simon Tucker, head of Biota’s research group in Australia. “Of course, we may well find that none of them in this first set display any useful activity.” In addition to the testing of existing compounds in the United States, Biota will be conducting research in Australia into potential new drugs for SARS. “Our SARS drug discovery program is at a very early stage, but our aim is to try to design potential drugs by targeting key proteins of the virus,” Dr. Tucker added. This is the same ‘Structure Based Drug Design’ approach Biota used to discover RelenzaT and which underpins the Company’s common cold and RSV (Respiratory Syncytial Virus) drug discovery programs. 1400 APBN • Vol. 7 • No. 22• 2003 About Biota Biota has its headquarters in Melbourne and is one of Australia’s leading drug discovery biotech companies, with a track record of success in viral respiratory diseases. Biota’s first breakthrough was the discovery of neuraminidase inhibitors, leading to the worldwide launch of Relenza by GlaxoSmithKline in 1999. Relenza remains the only Australian drug to be taken all the way from discovery to registration and marketing. Biota’s other viral respiratory disease programs include FLUNEb (long-acting neuraminidase inhibitors), the FLU OIA®c diagnostic assay, RSV (Respiratory Syncytial Virus responsible for some lower respiratory infections), and HRV (Human Rhinovirus, a key virus responsible for the common cold). The HRV program was supported by an AusIndustry R&D Start grant that concluded in 2001, and in May 2003, Biota announced a second AUD2.7 million Start grant in support of its RSV development program. Also in May 2003, the Company announced an important licensing agreement with Japanese pharmaceutical giant Sankyo, which is expected to accelerate FLUNET partnering activities. Biota is also currently seeking to expand sales of the FLU OIA diagnostic into Asia and Europe. Contact Details: Biota Holdings Contact Person: Tim Duncan, Hinton & Associates Tel: +61 3 9600 1979 / 9529 2311 Email: [email protected] URL: www.biota.com.au a TM Relenza is a registered trademark of the GlaxoSmithKline group of Companies. b Inc TM FLUNET is a registered trademark of Biota Scientific Management Pty Ltd. c FLU OIA® is a registered trademark of Thermo BioStar. APBN • Vol. 7 • No. 22 • 2003 1401 Industry Watch US Government Research Agencies www.asiabiotech.com Industry Watch India SysArris in Bio Partnering Europe 2003 S ysArris is introducing its new platform for maximizing High Throughput Screening (HTS) at the 11th Annual Bio Partnering Europe conference (12–14 Oct, 2003) in London. A leading genomics and chemoinformatics service provider that provides comprehensive solutions to the life science community, SysArris actively participates in various events and conferences worldwide like the BioTechnica 2003, at Hanover, Germany and the Bio Partnering Europe at London, UK. At BioTechnica (18–20 Oct, 2003), SysArris showcased its siRNA design tool ‘PinDrop’. The company is not new to Bio Partnering as it has been participating in this event for the past two years in North America as well as Europe. At the inaugural Bio Partnering North America conference in February 2003, SysArris was amongst the few select open house presenters. SysArris has made its presence felt worldwide with offices located in Stamford Connecticut, USA, and Munich, Germany. Maximizing HTS Recently, SysArris has been working on a new platform for Virtual Screening that would enable Pharma companies to complement the ADME and Toxicity stages of the drug life cycle. The platform would be a unified approach to screening, validation, secondary screening and lead generation. The tool, based on Artificial Intelligence, would be customizable and include compound and assay management modules. It would help track and maintain current HTS projects, and also aid in comparing and analyzing pre and post HTS data with virtual screening data. About SysArris Headquartered in Bangalore, India SysArris has been providing bioinformatics and offshore software development services to pharma & biotech companies and research organizations in the US and Europe for the last nine years. It specializes in offering consulting and custom development services with a focus on Genomics, Clinical Genomics, Chemoinformatics, and IT outsourcing. SysArris aims at serving its clients as an extension of their informatics team. Contact Details: Sysarris Software Pvt Ltd Contact Person: C.V. Mukundan, General Manager, Marketing Address: No 120 A, Elephant Rock Road, Jayanagar-III Block, Bangalore-560 011, India Tel: +91 80 663 6785 / 665 5052 / 665 5165 Fax: +91 80 665 0374 Email: [email protected] 1402 APBN • Vol. 7 • No. 22• 2003 Industry Watch Shantha Bio to Launch Streptokinase by Year-end H yderabad-based Shantha Biotechnics plans to launch its brand of the clot-buster drug Streptokinase by the end of this year. The company is expecting regulatory clearances for streptokinase shortly, after which it will commence manufacture of the product. Streptokinase is the primary drug for dissolving blood clots. It is used in case of acute heart attacks and other conditions like deep vein thrombosis, arterial occlusions and pulmonary embolism. According to sources from the company, the company plans to launch the product at “a very competitive price”. This launch could trigger off a price war for a drug that currently retails at anywhere between Rs800 (US$18) to over Rs3,500 (US$78). Recently, Bharat Biotech, another Hyderabad-based company obtained a manufacturing and marketing license for recombinant streptokinase. Bharat Biotech also plans to launch a more economically priced product compared to the currently imported ones. Although the companies have not revealed details of their pricing strategy, consumers can expect to get the product at a much lower price with the launch of these two brands. Streptokinase might be the third biological product to witness a price war in the domestic market. Recently, insulin met with a similar fate with the entry of products from Indian players. Earlier, Hepatitis-B vaccines also saw significant price cuts with the entry of Shantha Biotech’s indigenously developed vaccine — Shanvac. The streptokinase product will be Shantha Biotech’s third product. The company launched its oncology product, human interferon alpha, five years after its Hepatitis-B vaccine entered the market. Company officials claim that there are a slew of products that will be launched during the next year. These include erythropoeitin, which is expected to be launched early next year. The company is also working on other interferons, which are still in early stages of development. Contact Details: Shanta Biotechnics Address: 3rd Floor, Serene Chambers, Road No.7, Banjara Hills, Hyderabad, 500 034, India Tel: +91 40 2354 3010 Fax: +91 40 2354 8476 Email: [email protected] URL: www.shanthabiotech.com APBN • Vol. 7 • No. 22 • 2003 1403 Industry Watch www.asiabiotech.com L upin Receives US FDA Approval to aunch Ceftriaxone M umbai-based pharma company Lupin is in advanced stages of negotiations with various companies in the US for the distribution of ceftriaxone, an injectable antibiotic. The antibiotic is the generic equivalent of Rocephin, which is marketed by Roche. Lupin plans to launch the product in the US after its patent expires in July 2005. The market size of the product is estimated to be US$655 million. Lupin Chairman Dr. D. B. Gupta said that the company plans to use three different channels for distributing and marketing. “We are looking at marketing and distribution to hospitals, direct to doctors and to the trade and we may tie up with different companies for each of these.” “We are the only company to have filed an (ANDA) abbreviated new drug application for this product and we might not have any competition for this product because the entry barriers are high,” Dr. Gupta said. The company’s ceftriaxone sterile vials for injection has been approved by the US FDA recently. Ceftriaxone is a third generation cephalosporin antibiotic and is used for urinary tract infections, lower respiratory tract infections, meningitis, skin infections, surgical prophylaxis, intra-abdominal infections and pelvic inflammatory disease. Currently, the company has a tie-up with Watson, an American generics company, which is now marketing, selling and distributing Lupin’s cefuroxime axetil. Lupin has also received US FDA approval for another ANDA for cefotaxime vials. It has tied up with American Pharma Partners for the product. The company is also expecting approval of cefixime tablets and suspension. Lupin will be launching the product under the brand name Suprax. Contact Details: Lupin Limited Address: Tel: Fax: URL: 1404 159 CST Road, Kalina, Santacruz (E), Mumbai 400 098, India +91-22-5693-1011 +91-22-2654-0484 www.lupinworld.com/about.htm APBN • Vol. 7 • No. 22• 2003 Industry Watch Singapore MerLion Pharma Collaborates with Schering-Plough in Drug Discovery Research M erLion Pharmaceuticals Pte. Ltd. (MerLion Pharma), a Singapore-based drug discovery company, has recently announced a three-year research collaboration with Schering-Plough Research Institute (SPRI), the pharmaceutical research and development arm of Schering-Plough Corporation. Under terms of the agreement, SPRI will provide a broad range of high-throughput assays for drug targets that MerLion Pharma will screen against its extensive collection of natural product samples. SPRI will be responsible for the progression of lead compounds through development and will have worldwide rights to any products resulting from the collaboration. MerLion will be entitled to milestone payments from SPRI as well as royalties on sales of any products resulting from the collaboration. MerLion will retain rights to discoveries that SPRI does not select for further development. “We look forward to a productive research collaboration, building on SPRI’s drug discovery technologies and MerLion’s comprehensive natural product library,” said Dr. Tony Buss, CEO of MerLion Pharma. “The unique chemical diversity found in our natural product library represents a key component of the collaboration.” About SPRI Schering-Plough Corporation of Kenilworth, N. J., US, is a research-based company engaged in the discovery, development, manufacturing and marketing of pharmaceutical products worldwide. About MerLion Pharma MerLion Pharmaceuticals Pte. Ltd. (MerLion Pharma) is a privately held Singapore-based company focusing on the discovery and development of new drug candidates from natural sources. The company’s assets and capabilities include an outstanding natural product sample collection, advanced high-throughput screening technology, assay development and medicinal chemistry capabilities. MerLion Pharma collaborates with leading pharmaceutical companies and research institutes to identify and develop drug leads in a wide range of therapeutic areas. In addition to SPRI the company currently has collaboration agreements with Abbott Laboratories, Athelas SA, British Biotech, Fujisawa Pharmaceutical Co. Ltd., Genome Therapeutics, Johns Hopkins (Singapore) Pte. Ltd., KuDOS Pharmaceuticals, Merck and Co., the National Cancer Center (Singapore) and NovImmune SA. Contact Details: MerLion Pharmaceuticals Pte Ltd Contact Person: Dr. Tony Buss (President & CEO) Address: 59A Science Park Drive, The Fleming, Singapore Science Park, Singapore 118240 Email: [email protected] URL: www.merlionpharma.com APBN • Vol. 7 • No. 22 • 2003 1405 www.asiabiotech.com N e w s Quest Pharmaceutical Sets up Taiwanese Subsidiary Quest Pharmaceutical Services, a drug metabolism and pharmacokinetics research laboratory based in the US, announced plans to establish a Taiwanese subsidiary to provide clinical test services. Located in the Nangang Biotechnology Industry Park in Taipei, the new subsidiary will provide services to pharmaceutical producers such as GlaxoSmithKline and AstraZeneca, and will focus first on the toxicology experiment, drug metabolism and pharmacokinetics markets. The new company would seek research partnerships with Taiwan’s Development Center for Biotechnology. B r i e f Industry Watch Taiwan Founded by Benjamin Chien, Quest Pharmaceutical has enjoyed rapid growth and is expected to reach revenues of up to US$15.5 million this year — with companies like Pfizer, Bristol-Myers Squibb and Schering-Plough likely to join the firm’s service list. GlaxoSmithKline is currently the company’s main customer — contributing to about 10% of Quest’s revenue — and the second largest is AstraZeneca, with a strategic alliance recently set up between Quest and West Pharmaceuticals as well that brought a new customer to the firm, Eli Lilly. The company is optimistic about its future business in Taiwan and Asia, despite the failure of several larger contract research organizations to achieve the desired results. Contact Details: Quest Pharmaceutical Services Address: Delaware Technology Park, Three Innovation Way, Suite 240 Newark, Delaware, 19711 Tel: +1 302 369 5601 Fax: +1 302 369 5602 Email: [email protected] URL: www.questpharm.com/index1.htm BenQ to Invest in Nanjing’s Medical Facilities With plans to pour investments of up to US$10 million into a medical facility in Nanjing, China, the Taiwanese electronics company BenQ hopes to find partners to jointly build the facility, as regulations in China forbid foreign companies to have complete ownership of medical facilities on the mainland. To be completed in three years after the company obtains official approval, the medical center will be set up by BenQ’s Malaysian subsidiary — with the company planning to remit the US$10 million investment in separate installments. BenQ spokesman You Ke-yung said that the company “have been promoting the BenQ brand in mainland China and hope to raise the image of the company by investing in the country’s medical industry”. BenQ’s investment should come as good news for Nanjing’s native population of 5–6 million, as the company will be seeking local professionals to work for the new facility. The investment was BenQ’s first substantive move into the biotechnology industry, as the firm plans to propose designs for biotech-enabled devices such as a speedometer handset intended for power walkers. BenQ is considerating establishing a research and development center in Nanjing, adding to similar facilities already set up in Taiwan, the US and Suzhou. You added that the company is currently seeking approval for setting up a cultural foundation in Taiwan as well, to fulfill its corporate citizen role of giving back to the community. Contact Details: BenQ Corporation Tel: +886 0800 027 427 Email: web [email protected] URL: www.benq.com 1406 APBN • Vol. 7 • No. 22• 2003