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Bio-tech firm Biocon Ltd today said its Chairperson and Managing Director Kiran Mazumdar- Shaw, will be conferred the 2014 Othmer Gold Medal, the top award of US-based Chemical Heritage Foundation. The Philadelphia-based Foundation is a collections-based non-profit organisation that preserves the history and heritage of chemistry, chemical engineering, and related sciences and technologies. Acknowledging Shaw's outstanding contribution to the Indian Biotech sector, Carsten Reinhardt, President and CEO, Chemical Heritage Foundation said, she was the first woman to become a brew master in India. "Then she used her knowledge of fermentation to become one of the greatest entrepreneurs in the history of her nation." In addition to her great success in business, she is among the world's leading philanthropists and devoted much of her personal fortune to providing healthcare to the poorest people and to many other philanthropic projects, he said. Mazumdar-Shaw will be the 20th recipient of the Othmer Gold Medal and the third woman to receive CHF's most coveted award, Biocon said in a statement.
It will be presented to her in May in Philadelphia. CHF established the Othmer Gold Medal in 1997 to honour outstanding individuals who have made multifaceted contributions to chemical and scientific heritage through outstanding activity in such areas as innovation, entrepreneurship, research, education, public understanding, legislation, or philanthropy.