Gland Pharma – Has a Slot of its Own and Inching Along Well
Pharmaceutical industry in India is earning encomiums from people across every nook and corner of the world. So much that it has pushed the software segment into wayside and as on date remains the hottest business segment around. The beauty of this segment is that Indian medical products are just one-fifth of the rates prevailing in the world markets. This has proved to be a clincher since they have turned to be a goldmine and a valuable foreign exchange earner. Some of the Indian medical products have given its western equivalents a run for their money and certainly made a wake up call. In addition to this, they have proved to be a boon for the Indian consumers too. One such Indian drug major, which has won good acclaim, is Gland Pharma. The company has been around for quite a while, as years gone by has got along better and looks ahead confidently. Started way back in the year 1978, 22 years have elapsed and yet this company has managed to stick along and that too well, very well. The gland has stretched, elongated and diversified into newer areas while consolidating the existing ones. And all the diversification has spawned the production of newer products to roll out from the factory. The products deal with some of the most vital parts of a human system. We will come to that later, meanwhile let’s get a feel of the more vital factors and make out as to what made this company a pretty well known pharmaceutical giant. It may be a dwarf to its opposite illustrious counterpart Dr Reddys Labs (the company’s office is opposite to Gland Pharma’s office), nevertheless has a name all its own and also a place all its own. We are going to the nitty gritty of the same and find out as to why it is so- History
The company took off as an exclusive facility for Small Volume Parenterals (SVPs) and today stands apart as a company which has churned out nearly 500 million vials / ampoules. For all the gains and pains it can today proudly boast of being a ISO 9002 certified company. The battles and trials have been worth every penny, they have turned into an ocean of excellence and satisfaction, with many a happy client. The production facility just seems to have got better and as on date the company can feel a tinge of pride to being one of the largest and most experienced contract manufacturer for a number of multinational companies. Gland Pharma to put it very correctly is a full service contract manufacturer, which possesses excellent facilities and state-of-the-art manufacturing equipment. Joint Tie-up with Vetter Group, GermanyIn the present day and future scenario world having mutual tie-ups with one another will be the norm and as such knowledge known has to be shared and dissipated. This will be for the betterment of both the partners. The company has a tie-up with the fabled Vetter group of Germany. The German company has a history of 50 years of International Contract Manufacturer of speciality products. Of this, 13 years happens to be in cGMP needs which also comprise those of FDA. All of this has made the German company a top quality and trusted partner with an impeccable record in international markets. The tie-up has resulted in the spawning of a state-of-the-art-facility for SVPs manufacture, which includes pre-filled syringes. The product syringes is said to be the first of its kind in India and took shape in the year 1996. ProductsHeparin formulation has brought a fair name to the company and has spread its reach in the country. The company is rated as a pioneer in this, has sold the same to the premier institutions in the country. In addition, the good run extends to date and seems to only get better. The other products of the company that have proved to be a focus point are:
The other product is Indeparin, which saw a good rise in the years gone by and looks poised to go further up. How the Company Has Gone By and Revved Up its ProfileThe further consolidation of existing products and giving a fillip to the new ones is by no means an easy one. The company has wisely realised this and brought about a radical and professional shift in its marketing touch up. How the same has been done and done so successfully can be made out from the following- it has structured its team and focussed on therapeutic areas. The company has as on now two divisions in its marketing wing: Institution Division, Speciality Division. The other notable pointer is that it has successfully able to do is introduce better and much more effective customer focus approach. Towards this end, it has taken the following steps –
Research and Development Spins Around Much BetterThe Government of India has put its approval seal on the company’s Research and Development unit. This affirms the company’s commitment towards R&D activity. The unit is in the able hands of Dr Nadamuni and they have given a spurt to their recognition by coming up with products like SYNJECT, SOYESTRO, CUTENOX and so on. To bring that extra gloss to the achievement, it should be stated that these products were the first of its kind in India and that too by an Indian company. All of these products possess huge markets. The company knows the worth of Research and Development activity and has invested towards the same in much higher quantities. To put it in brief:
Looking Beyond the National BoundariesThe lure of the global market is powerful and the same has to be done in order to survive in the present globalise set up. The company realises this wisely, created a division called International Business Division in August 2000. The team is, headed by a General Manager, well versed in the business of Pharmaceutical exports. The notable achievements of the company can be listed as follows:
The company also exports its products to Venezuela, Syria, Slovakia, Philippines, and Nepal In addition to this; the company is also into the exploration of establishing a joint venture set up with a South African company. The same is in the form of LVPs plant in the cosmopolitan city of Durban. The other notable and significant point is submission of drug master file (DMF) to USFDA and agreement arrival with a North American company for filing ANDA towards manufacture of their products in Gland Pharma’s facility. Exploration Into Newer AreasThe beauty of any kind of business lies in manifold opportunities which lie ahead, lots of them exist and this is where corporate companies or for that matter any business entity have to show their skill to stay ahead and survive. The opportunities have to be translated into something more tangible, lest it becomes difficult for any business entity to survive. Gland Pharma senses this, looks ahead for further growth options, and thereby swell up its profit making abilities.
With a fine history behind it and well settled as on date, this company has all the attributes of an entity, which is looking ahead confidently and positively. Contact InformationChairman: Mr P V N Raju Managing Director: Dr Ravi Penmesta Contact Person: Mr CSN Murthy, Head (Business Development), E Mail: csn@glandpharma.com Address: 6-3-862, Ameerpet, Hyderabad – 500016 Telephone: 6621010, 3402415, 3402157 Fax: +91-40-3402229 E Mail: gland@hd1.vsnl.net.inWebsite: http://glandpharma.com Plant Address: Plant I: 6-3-862, Ameerpet, Hyderabad – 500016, Plant II: D.P.Pally, Dundigal (Post), Hyderabad – 500043
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