UAE, Japan pharma majors to set up manufacturing plant in Vizag
Hyderabad, April 26: Omnicare Drugs India Pvt Ltd, a 100 per cent subsidiary of the UAE's largest pharmaceutical manufacturer Neopharma LLC, and ASKA Pharmaceuticals Co, a top pharma brand in Japan, will jointly set up a manufacturing facility in Visakhapatnam.
The two companies on Thursday announced entering into an agreement to establish a joint venture (JV) in India for the purpose of manufacturing and marketing of pharmaceuticals to global market.
The focus of this state-of-the-art facility, which will come up by 2020 at the cost of Rs 350 crore, will be to manufacture oral solid dosage forms, oral liquids and topical preparations. It will have a peak capacity to manufacture 3 billion tablets a year, said a statement.
Neopharma and ASKA Pharma will be taking accreditation from all the major global health regulatory bodies.
The manufacturing plant under this JV agreement will be based at JN Pharma City in Andhra Pradesh's Visakhapatnam. The project will go on floor next month while the operations are likely to start by 2020.
The focus will be to manufacture products targeting chronic therapies in cardiovascular diseases, central nervous system and diabetes along with other drugs from key therapeutic classes targeting Japan and world market.
"The partnership will enable us to transfer skills and knowledge locally," said B.R. Shetty, Neopharma Founder and Chairman.
N. Suresh Kumar, Neopharma COO, said: "We are entering into a strategic relationship with ASKA Pharmaceuticals to accelerate growth in regulated markets of the US and the European Union and in the emerging markets Africa and Asia."
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Man sets fire to gas cylinder on truck in Kerala's Kottayam, held
Kottayam(Kerala) (PTI): A 33-year-old man climbed onto a parked truck carrying cooking gas cylinders and set fire to one of them near Thalayolaparambu in the small hours of Saturday, police said.
The incident occurred around 12.30 am, they said.
The fire and rescue personnel soon arrived at the scene and extinguished the fire, averting a major disaster.
According to police, the man is suspected to be under mental distress as he claimed that he was walking from Ernakulam to his home in Marangattupilly here when he saw the truck on the roadside.
An FIR under sections 329(3)(criminal trespass),324(2)(mischief),326(f)(mischief by injury, inundation, fire or explosive substance) of the Bharatiya Nyaya Sanhita was lodged against him.
Police said that the man was formally arrested, but will be released on station bail as the offences he is accused of are bailable.
"His family is here at the station and he will be released to them," the officer said.
In the FIR, police have said that the man opened the seal of one of the gas cylinders and set fire to it with the knowledge that his act was dangerous to those living in the area.
According to the company transporting the cooking gas cylinders, it suffered a loss of Rs 2,300 in the incident.
