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M/s Shreya Life Sciences, Mumbai, signs a licencing agreement ...
Officials from M/s Shreya Life Sciences, Mumbai, signed a licencing agreement to commercialise two anti-malarial lead molecules developed and patented (listed below) by NIO's scientists - Drs P.S. Parameswaran and A. Chatterji along with their colleagues from other organisations at 16:00 hrs on Wednesday, 12 January 2005.
The total cost of this agreement is Rs.1,75,00,000.00 (Rupees One hundred seventy five lakhs). This is the first commercialisation of the patents obtained by NIO in recent past.
Congratulations to the inventors and all those involved in the activity of its commercialisation.
Patents that fetched Rs.175 lakhs :
1) 0409NF2003 US 60/512,778 21/10/2003 Use of selected amino acid-zinc complexes as anti-malarials (P. Malhotra, P.V.N. Dasaradhi, A. Mohammed, M.J. Hossain, S. Mukherji, V. Manivel, K.V.S. Rao, G.C. Mishra all of ICGEB & NCCS) , P.S. Parameswaran, A. Chatterji. 2) 0411NF2003 US 60/512,906 20/10/2003 Use of phosphono derivatives of selected aliphatic acids for anti-malarial activity (P. Malhotra, P.V.N Dasaradhi, A. Mohammed, M.J. Hossain, S. Mukherji, V. Manivel, K.V.S. Rao, all of ICGEB & NCCS), P.S. Parameswaran, A. Chatterji.
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