Updated on 5 May 2014
She also said that IN-105 oral insulin, jointly developed between Biocon and Bristol-Myers Squibb (BMS), has its trials currently going on in the US. She attributed the shifting of clinical trials to the US to the uncertain clinical trials regulations existing in India.
"This was due to India's clinical trials moratorium. So whatever trials were planned in India had to be shifted to the US. Hence there was a lot of reduction in the clinical trials spend. Oral insulin trials were also moved to the US. Hence, the year ahead will see a lot of spend on R&D," observed Dr Kiran.
There is a lot of shake-up and changing landscape being witnessed in the global pharmaceutical industry, revealed Dr Kiran.
"Most global pharmaceutical companies are focusing much on marketing, and are beginning to outsource their research. We are on track on listing Syngene. We are waiting for the general elections to get over now. We want to make sure that the market conditions are favorable, and then start initiating the listing process. The listing may be completed by this FY," she added.
Regarding Biocon's partnerships and collaborations, she commented, "Biocon's partnership with Quark Pharma is an agreement to develop SiRNA. We will co-develop, manufacture and commercialize QPI-1007, a novel SiRNA drug candidate for Indian and other markets." Biocon's partnership with Advaxis aims to develop novel cancer immunotherapy, she revealed.