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  • Hilleman Lab to invest...

Hilleman Lab to invest Rs 300 crore to develop vaccines

Meghna A SinghaniaWritten by Meghna A Singhania Published On 2015-10-29T12:54:54+05:30  |  Updated On 29 Oct 2015 12:54 PM IST
Hilleman Lab to invest Rs 300 crore to develop vaccines
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Mumbai: Hilleman Laboratories today said it will invest around Rs 300 crore in the next 4-5 years to develop low-cost vaccines to treat diseases like cholera and meningitis.

The company is a 50:50 joint venture between MSD Pharmaceuticals and UK-based Wellcome Trust.

"We are spending around Rs 300 crore over the next 4-5 years to develop low-cost vaccines. We are developing vaccines to treat rotavirus, cholera and meningitis," Hilleman lab CEO Davinder Gill told here.

"For research, we are looking for partners namely pharma companies, vaccine speciality companies and Government agencies to collaborate and fund the project. We had received foundational grants from MSD Pharmaceuticals and Wellcome Trust, but now we wants to be financially independent," he said.

MSD Pharmaceuticals and Wellcome Trust invested around Rs 700 crore nearly five years ago in the company which is now valued at around Rs 900 crore, he added.

MSD Pharmaceuticals (also known as Merck Sharp & Dohme or MSD in many parts of the world) is an affiliate of Merck & Co Inc.

"Normally, there is a large capital investment required for creating vaccines. We, however, have taken an approach that will allow the vaccines to be created at a lesser cost thus providing a boost to manufacturers, who can use synthetic platform technology," Gill said.

The company is developing a synthetic vaccine to fight meningitis in Asian, African and Latin American countries.

"We are developing a vaccine for rotavirus, which would be heat-resistant and easy to carry. We have already started clinical trials and it will be ready in 3-4 years," Gill said.

As per the development plan, Medicine in Need, a not- for-profit research organisation, will make available the company its formulation technology, while MSD would provide components of its existing rotavirus vaccine, he added. AP RSY MKJ
Meghna A Singhania
Meghna A Singhania

Meghna A Singhania is the founder and Editor-in-Chief at Medical Dialogues. An Economics graduate from Delhi University and a post graduate from London School of Economics and Political Science, her key research interest lies in health economics, and policy making in health and medical sector in the country. She is a member of the Association of Healthcare Journalists. She can be contacted at meghna@medicaldialogues.in. Contact no. 011-43720751

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