GSK credits STEER for Horlicks technology after year-long IP battle

STEER which was founded in 1993 by Padmanabhan has 5 global offices and 10 satellite offices, serving over 39 countries. It employs over 500 engineers, scientists and technicians across the globe

Bengaluru-headquartered STEER Engineering, said on Tuesday that it had reached an out-of-court settlement with UK pharma giant GlaxoSmithKline Group (GSK) with regard to the use of “STEER’s revolutionary technology” to produce Horlicks, a malted milk drink seen as a staple for the children of upwardly mobile families in the country. STEER is the creator of advanced materials platform technologies that effectively transform and functionalise materials in the fields of plastics, pharmaceuticals, food and nutraceuticals, biomaterials and biorefining.

Following the settlement, GSK has issued a public statement acknowledging STEER’s contribution in creating step-change technology to produce Horlicks. GSK said, “Using STEER’s