However, in the last one week, his phone has remained switched off…. he was bombarded by calls from the healthcare industry across the globe and he was not accessible, even through emails.
The reason—The Mumbai-based mid sized pharma company has decided to take on global pharma MNCs by challenging patents of their costly cancer drugs in India.
Also Read
About 20 days ago, BDR had filed its first compulsory licence application in India for Sprycel (Dasatinib), the cancer drug owned by Bristol Myers Squibb (BMS).
According to Shah, the 3-year long suffering experienced by his father, who was a cancer patient, opened his eyes. "I have realised the stark reality in India, where lakhs of patients are struggling as they cannot afford the expensive medicines.”
Shah said, "though we have been in pharmaceutical industry in India in last 9 years, I felt the need to strengthen our presence in oncology after that incident." The Rs 1000-crore company has four divisions mainly- oncology, neurology, gynecology and critical care.
BDR believes that the company can provide Dasitinib at around Rs 8,000 for a month's treatment against BMS' price of Rs 1.7 lakh/ month in India.
Apart from Dasatinib, BDR plans to file CL application for 4 more drugs. According to people in the know, BDR will file CL for Trastuzumab (or Herceptin, used for breast cancer), Ixabepilone (or Ixempra, used for chemotherapy in breast cancer treatment). However, Shah refused to disclose the details.
Meantime, the government is planning to issue compulsory licences to three more patented cancer drugs in India such as Trastuzumab, Ixabepilone and Dasatinib. "We are expecting government decision in next 2-3 weeks," added Shah.
The licence enabled Natco to sell the drug at a price of about Rs 8,880 for a pack of 120 tablets (one month's therapy) as against Rs 2.8 lakh, the cost which Bayer sells Nexavar.
According to sections 84 of the Indian Patents Act 1970, Compulsory License (CL) can be issued in India if the patented drug is unavailable, unaffordable, or not supplied properly.
With CL, domestic players can manufacture and market the generic versions with paying a royalty to the patent holding company.
BDR is also in process of launching its new drug in area of chemo & radiation therapy in India and emerging markets.
Third phase of clinical trials will be conducted in 3rd quarter of 2013. "The drugs available in India for chemotherapy are highly toxic in nature. We are working on a drug which will be less toxic," Shah added.
According to him, the drug is expected to be launched in 2015 and BDR is looking for a co-marketing strategy for other emerging markets.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
)