Ambala-based drug manufacturer McNeil & Argus Pharmaceuticals is all set to target East African countries for marketing anti-retroviral drugs in the form of tablets and capsules. |
The company is in the process of setting up a pharma plant at Nairobi in Kenya, in association with Kenpride Pharmaceuticals of that country. |
Chairman and Managing Director G D Chibber said the process of registration with Kenyan authorities was on and he "visualises a $4-5 million market in East African countries". |
Chibber said the company was one of the six firms manufacturing 15 types of anti-retroviral drugs needed for AIDS patients. |
He said the African countries were facing an AIDS pandemic, adding that as per a WHO report, worldwide there were 42 million people infected with HIV virus. |
Chibber said recently a high-level delegation led by the High Commissioner of Kenya, H Muthuma Kathurima, had visited the plant. |
Expressing satisfaction at the proposed venture, Kathurima said, "I am happy to see rare molecules being produced for the treatment of AIDS. Developing and under-developed countries in Africa will benefit from this." |
Chibber said the company had supplied medicines to Fiji and Uruguay through a company called Franco Ratfia and he saw a market worth over $4 million in Brazil and other Latin American countries. |
He said there was strong progress on the Vietnam front too. |
With the factory sprawling over 5 acres (one acre is 4,840 square yards) of landscaped area, Chibber said the unit was awarded the WHO-GMP certificate in 1998 and it was manufacturing life-saving drugs as per WHO stipulations. |
He said the 25-year-old company was a leading supplier of medicines to the Central Government Health Scheme, the Directorate-General of Health Services, and other autonomous government bodies. |
Without taking bank loans, Chibber said the firm was manufacturing over 200 drugs which included anti-biotics, steroids, anti-TB drugs, anti-depressants, anti-diabetic medicines, and vitamin supplements. |
He was awarded for being the highest individual income tax payee in 1995-96. |
He said his sister concern Guruson India exported rice worth $2.3 million to Ukraine last year. |