RANK 12
318 crore |
Syngene
International
|
Director
|
Mr Peter Bains
|
Business |
Custom
research and manufacturing of biopharmaceuticals |
Start-up
Year: 1994
|
Biocon
Park, Plot No. 2-3, Bomasandra IV phase, Jigini link road,
Bangalore-560099
|
Tel:
+91-80-28082808
|
Fax:
+91-80-28083150
|
Website:
www.syngeneintl.com |
Syngene's highly competitive discovery
platform and the growth of long term R&D collaboration with Bristol
Myers Squibb has yielded in the firm's growth
Syngene International, a subsidiary of Biocon,
is an internationally reputed custom research company with
multi-disciplinary skills in synthetic chemistry and molecular biology.
The company has posted another strong year of financial performance,
delivering topline growth of 26 percent. The company reported sales
revenue of
![](http://www.biospectrumindia.com/images/content/2010/aug/INR-currency_symbol.jpg)
318 crore in FY 2010-11 as compared to
![](http://www.biospectrumindia.com/images/content/2010/aug/INR-currency_symbol.jpg)
252 crore in FY
2009-10.
These results are all the more encouraging for the company when set
against the background of macro market pressures such as reduction in
the global R&D expenditure and consolidation of market players.
Key drivers of this growth have been Syngene's highly competitive
platform in discovery chemistry, where they have strong customer
retention; accelerating new customer traction; and the growth of
Syngene's long term discovery and development collaboration with
Bristol Myers Squibb, where Syngene is contributing over 400
scientists.
Syngene's pioneering platform in biologics has supported discovery and
development in the fast growing monoclonal antibody and protein
therapeutics arena.
According to Mr Peter Bains, director, Syngene International, much of
the growth is coming from programs where its clients are utilizing
Syngene's discovery and development platforms together in discreet
integrated programs and where Syngene is able to make higher, value
contributions to its clients work.
Syngene conducts high value research in early stage drug discovery and
development for a diverse range of global clients. From early stage
discovery and process development to cGMP manufacturing, Syngene
provides customized R&D services to pharmaceutical and
biotechnology companies on a strong platform of confidentiality and
intellectual property protection.
Established in 1994, Syngene was India's CRO to receive special export
status from the Government of India. Over the past 16 years, the
company has successfully partnered with leading players in the global
pharma industry across a range of challenging programs.
During 2007, the company entered into a research partnership with
Bristol-Myers Squibb (BMS). With the help of this partnership, Syngene
is providing R&D services for discovery and early drug development
to BMS. In 2008, Syngene International partnered with Sapient
Discovery, a US-based biotech company, offering fully-integrated drug
discovery services.
“The changing dynamics of the global pharmaceutical industry makes a
compelling case for risk and cost mitigation strategies that rely on
outsourced R&D services. Data already indicates that 21 percent of
global R&D spends in 2009 were outsourced which was less than one
percent a decade ago. This trend augers well for Syngene, which sees
itself as a key player in this space with the potential of building
niche capabilities for global leadership,� says Ms Kiran Mazumdar-Shaw,
CMD of Biocon, the parent company.