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Total Number of Subscribers: 1635 |
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Date: 14th March 2010 |
Compiled by: M Sathya Kumar |
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The company founded in 1996 by Dr. Ella
& Mrs. Suchitra K. Ella. It has since grown to become one of the largest
manufacturers of Recombinant, Viral, Bacterial, Combination Vaccines and Bio
Pharmaceuticals in Genesis of Bharat Biotech I was in the I then had the options of either doing a
job or do something of my own. I tried doing a job; but soon enough found out
that the company was setup for reasons that were against my principle –
so I quit the job. My background back then was yeast molecular biology. When
I just started Bharat Biotech, we had a clear focus that we have to address
the problems of this continent and work on areas neglected by multinational
companies. We always believed our competitors are the infectious diseases,
not any company or country.
I think I’m one of the first
scientists to become an entrepreneur. When a scientist becomes an
entrepreneur, he suddenly makes three-four enemies. First enemy is the
academicians, who always feel that their innovations and ideas should be
above yours. The second is the Financial Institutions. And if you are US
returned, they think that you have lost a job there. And then there are the
people in regulatory body generally think that scientists cannot do business
after coming back from the States. What part of the business do you spend
most of your time on? I just practice control where my strength
is - biological knowledge. I spend 90 percent of time R&D and problem
solving. Every day I get one idea and I can’t sleep without exploring
those ideas; that’s my weakness. The second priority is product
development. I always ask people not to follow the multinational companies.
If somebody is producing by ‘x’ method, do not limit your mind by
blindly following the ‘x’ method. Being a new company we could
always take high risk & we can always develop alternatives, better
strategies, more efficient, and more innovative products. As for day to day
issues and business operations, I don’t get into that. I have people
for that. What is the overall business outlook in
the biotech space in today’s condition? Like in every other space, in
today’s condition, the fellow who wants and deserves funding
doesn’t get money while the fellow who doesn’t deserve gets the
money. However, when it comes to Department of Biotechnology, you should
appreciate Dr Bhan. He has tremendously shifted the focus from academic
thinking to also thinking about it as a part of the industry. Earlier all the
academic institutes thought research is their domain and their focus, and not
of industries’ interest. Today I think Dr Paul has shifted the
game. Both eyes are important in this country - private sector and public
sector. That brings now pressure to the industry to bring up the research
level / capability to highest standard. For people like us, being honest, our
competitions are not people from institutes like IIT. They are not our
competitors because for me there are some focused areas which academies
institutes cannot do research upon. They just can’t do it. How easy or difficult is it to bring out
products in an ecosystem that involves the government, academicians,
researchers, etc? It is difficult. Earlier we had only one
drug control department and only two companies, Bharat Biotech and Shanta
Biotech, operating in this space. This single window soon became multi
windows and in the process of the transformation, we created more windows.
After drug controller came in 3-4 committees, that started controlling
bio-technology which was not required. Everybody wants power, and wants to
control and regulate which is not good. Rather than that they should look at
it holistically - what is right for the country and what eco system is right
for the country. That intellectual debate is not happening. We are a multi
product company now. Delays in things are ok since we can take them back. But
my worry is if a new entrepreneur is starting, he is going to suffer. That is
what bothers me. What is the level of patience that is required in getting the
ROI? I would say if your blood pressure does
not up after two years, it would mean that you are in trouble. Your blood
pressure will indicate whether you are going to succeed or not. If it goes up
it means you are getting paranoid and you are trying to make it happen.
That’s patience. You need to have high patience and you have to have
increased blood pressure to achieve things. Is there a gap between what is being done
in the country and what should be done? The model we want to follow in
biotechnology is a big gap. If we follow the biogeneric model, then I think
we will be following the footsteps of the generic model of pharma. Soon
enough, companies are going to be sick in this country and companies will be
acquired. Today a lot of pharma companies are facing the problem of being in
a space where companies are killing each other through the predatory prices
and other ways. Besides this, in a biogeneric model, we have competition from
There’s a model where many countries
believe in exporting to U.S. & European markets. For them The solution is actually a question: Can
Indian companies make innovative molecules that can be launched globally? I
think we can. If you want to stand out finally, let us tighten the belt and
do something in this regards. Your biggest success I think the success was the when we
produced Hepatitis B vaccine. The vaccine which was then sold at Rs. 800 a
dose, today is not even for Rs. 20 a dose. It’s just because of
competition & innovation that the price has gone down. And I think the
competition brings innovation also. The second important thing we did was the
Rotavirus Vaccine Programme. We are now bringing the global attention to the
Foundation. It is for the first time that an Indian company is bringing the
vaccine to phase three trials. The next big thing in the biotech space The biogeneric manufacturers will become
contract manufacturers & contract manufacturers will kill all innovation.
No contract manufacturing has become innovative anywhere in the world. On the
other hand, our new generation entrepreneur will take risks and innovate -
for them sustainability is going to be a big task; and whoever can sustain,
will win the major race. So these two things will happen in parallel in the
future of this biotechnology of this country. One thing that aspiring entrepreneurs
should avoid… You are
being foolish, if you’re looking at this segment for short term
revenue. Never enter into this line of business thinking that you are going
to make money in less than 10 years. |
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