Monthly Archives: September 2015

Nominated as Advisory Panel Member of Finance Ministry

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Mysuru :

The Ministry of Finance, Department of Economic Affairs (Currency and Coinage Division), New Delhi, has nominated Star of Mysore columnist Prof. A.V. Narasimha Murthy (AVN), former Head, Department of Ancient History and Archaeology, University of Mysore, as a member of its newly-constituted Advisory Committee.

The Committee will advise the government on various matters including the shape, size, weight, metal, face value of the money, cost of production of the coins, etc.

Prof. AVN is an expert in ancient Indian coinage and has written many books on the subject. He was the Chairman of the Numismatic Society of India (Varanasi) and General Secretary of South Indian Numismatic Society (Chennai) and has been honoured with many awards for his contribution to Indian coinage.

Currently the Chairman of BVB, Mysuru, Prof. AVN was recently honoured with the title Karnataka Puratatva Ratna by Chief Minister Siddharamaiah.

source: http://www.starofmysore.com / Star of Mysore / Home> General News / Tuesday – September 15th, 2015

Strategic crude oil caverns await their day in the sun

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Mangaluru, the only port city in Karnataka, is already in the world map for its educational institutions, medical colleges, birthplaces of five banks (including four nationalised banks), the only refinery in Karnataka, and for the lone urea manufacturing facility in Karnataka — among many other firsts.

Now, as the work on the underground rock caverns for strategic storage of oil is almost complete, coastal districts Dakshina Kannada and Udupi are in the news again.

While oil major Royal Dutch Shell is said to be in talks to lease India’s new strategic oil caverns at Permude (near Mangaluru in Dakshina Kannada district) and Padur (in Udupi district), the authority concerned — Indian Strategic Petroleum Reserves (ISPRL), a wholly owned subsidiary under Oil Industry Development Board (OIDB) of the Union Ministry of Petroleum — is taking all steps to speed up the work on both the projects to meet the December 2015 deadline.

In fact, out of the three underground rock caverns in India, one is in Visakhapatnam (9.75 million barrels capacity, which is ready for commissioning), while the other two are in Permude (11 million barrels) and Padur (16.12 million barrels). In all, 36.87 million barrels of crude (five million tonnes). The three facilities will be able to store crude for 12 days in case of emergency.

As on date, if all refineries in India are put together, they will be able to store crude oil for only three days of consumption. Hence, when the three facilities are commissioned, India will be able to store crude for 15 days of consumption, much less compared with developed nations which store crude oil for up to 90 days of consumption in their underground caverns.

At both the sites, underground work is almost over. What remains are electrification and laying of pipelines. Awaiting completion are pipeline work extending to nearly 4 km (of the 12 km) from shore to Permude, and 34 km (of the total 36 km) from Permude to Padur. The existing, 17-km-long  pipeline from mid-sea mooring system to seashore, presently being used by Mangalore Refineries and Petrochemicals (MRPL), will be used for shipment of crude oil to ISPRL caverns as well.

The beginning

It may be recalled that the government of India proposed to construct the underground cavern storage at Mangaluru based on the detailed feasibility report prepared by Engineers India (EIL) along with Geostock Engineers, France. SKE&C, part of the $138.7-billion South Korean SK Group, with vast experience in the construction of such caverns, tied up with Karam Chand Thapar (KCT) for the execution of the project worth Rs 403.5 crore.

In case of Padur, there are two underground rock cavern divisions, each with 8.6 million barrel capacity worth Rs 375 crore each. While one is being constructed by SKE&C-KCT, the other is being constructed by Hindustan Construction Company (HCC). Work on both cavern divisions is complete and has been sealed a few months ago.

While the work on the underground rock cavern in Mangaluru began in April 2009, the work on the Padur caverns began in May 2010.

tnam, Mangaluru, and Padur are Rs 1,178.35 crore, Rs 1,227 crore and Rs 1,693 crore respectively, and the total cost of all three projects is Rs 4,098.35 crore.

The compensation bug

When contacted, Karnataka Industrial Area Development Board (KIADB) Special Land Acquisition Officer Dase Gowda said that nearly 1,250 notices have been issued to provide compensation for owners of the land through which the 48-km-long pipelines would pass through.

Though 1,250 notices have been issued, the affected persons/families are only 600 (400 in DK from 17 villages, and 200 in Udupi from seven villages) as notices have been issued to all the persons whose name appears on RTC (rights, tenancy, and crop inspection) documents in the proposed land through which the pipeline passes. Interestingly, only 40 persons/families have availed the compensation in DK and 12 persons/families in Udupi district so far, amounting to Rs 55 lakh (out of the Rs 2.5 crore released in the first phase).

“While many could not claim compensation due to lack of documents, improper documents, or lack of documents on inheritance, others want more compensation,” Gowda said. He claimed that the compensation provided in the case of ISPRL pipeline is 10-fold of what is usually paid in such cases. This was done to expedite the pipeline work, he said.

“Under Right of Use (RoU), landowners are free to grow any crop, including paddy, ragi, vegetables, or do any other activity except construct permanent structures (homes) and plant saplings which could grow into huge trees. Though only 10 per cent of market value is given as compensation for RoU, it has been now raised 10-fold. Despite this, many are not coming forward, perhaps due to misguidance by a few leaders,” he rued.

To another query, Gowda said that if the persons concerned fail to accept the compensation, the only other option was to deposit the amount in court as it is a national project. Owners can move court whenever they want settlement, he said.

When contacted over phone, ISPRL Chief Executive Officer Rajan K Pillai said the special purpose vehicle (SPV) is trying its best to complete the project by December 2015. When pointed out that as on date, hardly 10 per cent of persons/families have availed the compensation and work on the pipeline could be started only after that, he said he is trying his best. “We have given the deadline to the contractor and we hope to complete the project by December 2015,” he said. Sources in the district administration, however, said that the completion of the pipeline may be delayed by a few more months, though nothing is impossible.

Once all the work is completed, attention would turn to filling up these three caverns with 36.87 million barrels of crude oil. By some estimates, it will cost more than Rs 25,000 crore. Considering the fact that oil prices are ruling low at present, the speedy completion of the project and quick purchase of crude oil would save a tidy sum for the exchequer.

source: http://www.deccanherald.com / Deccan Herald / Home> Supplements> Economy & Business / by Ronald Anil Fernandes / DHNS – September 14th, 2015

SJCE students win prize at PACE Forum, Brazil

 From left: Prof. V. Basavaraj, SJCE- PACE Coordinator and Dr. K. Chandrashekara, SJCE - CIC Project Mentor, along with the students of SJCE, seen receiving the award from Dr. Delia J. Valles Rosales (extreme left), Professor & PACE- CIC Coordinator, New Mexico State University
From left: Prof. V. Basavaraj, SJCE- PACE Coordinator and Dr. K. Chandrashekara, SJCE – CIC Project Mentor, along with the students of SJCE, seen receiving the award from Dr. Delia J. Valles Rosales (extreme left), Professor & PACE- CIC Coordinator, New Mexico State University

Mysuru :

The “iREACTOR” project by the students of Sri Jayachamarajendra College of Engineering (SJCE), Mysuru, won the II prize in Pace Global Annual Forum held in Sao Paulo, Brazil. It was a Collaborative Innovative Challenge competition in University of São Paulo, Brazil.

The students involved in this project were Aniketh Mohan Rao, Abhiram Madenur Venkatesha, Suraj Handithavalli Purushothama and Vadiraja Mysore Nagendra. This project was guided by Dr. K. Chandrashekara and mentored by Prof. V. Basavaraj.

“A Comparative FEM Analysis of Tribological and strength characteristics of composites of PF and ER matrices reinforced with GF and other filler materials with commercially available Brake pads” won the III prize for outstanding poster preparation and presentation. The students involved in this project were M.N. Vadiraja and Mohan Kumar. This project was guided by Dr. K. Chandrashekara and mentored by Prof. V. Basavaraj.

In addition, 1 CIC project, 2 CIC poster presentations and 2 Technical paper poster presentations were presented by SJCE in the Global Forum, which consisted of 65 globally recognised PACE institutions from all around the world, five of which are located in India. A total of 5 students participated in the Siemens NX Basic certification training programme in the Forum and Srikanth of I&P and Mohammad Anshad of Mechanical Engineering cleared the NX Certification exam and they were awarded the Basic NX trainer certificates by Siemens PLM software, USA.

Further, the students of SJCE who participated in RSMS (Reconfigurable Shared use Mobility System) project as TEAM 6 with other Universities — PES University, Bangalore, MSRUAS, Bangalore, Wuhan University of Technology, China, Michigan Technological University, USA and ITAM, Mexico — prepared a prototype model of RSMS which is a four -wheeler vehicle with the provision of reconfigurable and shared use mobility system.

SJCE students Srinidhi Bukkapatanam, Nikhil Somashekar Murthy, Vijayeendra Rao Harnall Padmanabh, Suraj Handithavalli Purushothama and Srikanth Nanjundaswamy participated in this project. RSMS project was sponsored fully by General Motors and PACE consortium. This project was guided by Prof. V.Basavaraj and Dr.R.Srinidhi and mentored by Dr. V. Ramesh.

SJCE PACE Coordinator Prof. V. Basavaraj along with project mentor Dr.K. Chandrashekara with 13 students of SJCE attended the PACE Global Forum and received these awards.

This is the 5th consecutive time that SJCE has excelled at the Forum.

source: http://www.starofmysore.com / Star of Mysore / Home> General News / Monday – September 14th, 2015

Dr.R. Balasubramaniam’s book ‘I, THE CITIZEN’ released in USA

The author Dr. R. Balasubramaniam is flanked by Joe Grasso, Associate Dean, Cornell University’s School of Industrial and Labor Relations and Gary Fields, a Professor at Cornell University, during the book launch in the US.
The author Dr. R. Balasubramaniam is flanked by Joe Grasso, Associate Dean, Cornell University’s School of Industrial and Labor Relations and Gary Fields, a Professor at Cornell University, during the book launch in the US.

Mysuru :

The book ‘I, the Citizen,’ authored by Dr. R. Balasubramaniam, Founder of Swami Vivekananda Youth Movement (SVYM), Mysuru, was released at Cornell University, United States of America (USA) on Sept.9 by Joe Grasso, Associate Dean for Administration, Finance and Corporate Relations at Cornell University’s School of Industrial and Labor Relations and Gary Fields, a Professor at Cornell University.

The release event at the US was organised by The ILR International Programs Office and The ILR Global Affairs Club, Cornell University, Ithaca, New York.

The book, published by Grassroots Research And Advocacy Movement, Mysuru, a policy research and advocacy institute, is a milestone in a journey of reflection that began about seven years ago when the author, Dr. Balu started writing about his experiences in the development sector.

It is an experience where the author has donned the hat of a development activist, leadership trainer, policy advocate, civil society campaigner, anti-corruption investigator, academician and a researcher at various points in time.

This volume strings together the author’s experiences and perspectives over a period of three decades and has at its core, his first-hand engagement with people at the grassroots, especially forest-based indigenous people from South India’s rural hinterland, among many others.

Starting with an attempt to understand development and its various aspects, the book takes the reader through interpretations of development initiatives at the grassroots and what good governance means to ordinary people.

The book unravels the power of citizen engagement through the author’s experiences of leading civil society campaigns against corruption and towards strengthening democratic participation of people. The author also deals with the philosophical underpinnings of public policies, drawing from his on-the-ground experience as well as engagement with those in the higher echelons of policy-making and implementation.

The last section of the book provides glimpses into milestones of a development movement, which Dr. Balu founded and led, milestones that are responsible for a continued faith in citizen engagement despite the hindering forces.

The book fittingly ends with an epilogue where exemplars and realities of citizen engagement are dealt with. Throughout the book, the author throws questions at the reader, rather than providing solutions or answers, with obvious intention of fostering the discourse on perspectives of development and citizen engagement.

The power of the book lies in the versatility of the ways in which it can be used — to read, to draw inspiration, as reference or to teach from; it is a book that should be put down multiple times — to reflect, to question and to engage.

As Justice M.N. Venkatachaliah, former Chief Justice of India, observes in his foreword to the book, “In essence, ‘We, the People…’ the words at the beginning of the Preamble to the Constitution of India is not different from “I, the Citizen.”

Both call for reflection and action from all of us to make sure that democracy evolves into something better than it already is and India as a nation can be a testimony to the world about how democracy and development can indeed be compatible.

source: http://www.starofmysore.com / Star of Mysore / Home> General News / Sunday – September 13th, 2015

She is still the Minugu Taare

The sway that the late actor Kalpana – who had won the title ‘Minugu Taare’ (twinking star) – held over Kannada film enthusiasts has not quite disappeared 36 years after her death.

Known for playing complex and tragic roles, she died under mysterious circumstances. She ruled the Kannada film industry for nearly 10 years spanning the 1960s and 1970s.

V. Sridhar, a teacher at a school in Mysuru who was born six years after her death, has brought out a 1,114-page volume chronicling her life and work spanning 79 films. It has details of the characters she played and opinions of various directors, co-artistes and writers.

He started working on the book at 21 and completed it when he turned 27. “Even after working for so long, I have not completely understand persona of Kalpana, as she was a complex person,” he says.

Rajata Rangada Dhruvatare by Mr. Sridhar was released in Bengaluru on Saturday at a function organised by Karnataka Chalanachitra Academy.

source: http://www.thehindu.com / The Hindu / Home> News> Cities> Bengaluru / by Muralidhara Khajane / Bengaluru – September 13th, 2015

The successful book store you haven’t heard of

It’s not all bad news for those who love to browse through aisles of books

Sapna Book House, Gandhinagar, is a gateway to 1980s’ Bangalore. Photo: Hemant Mishra/Mint
Sapna Book House, Gandhinagar, is a gateway to 1980s’ Bangalore. Photo: Hemant Mishra/Mint

In the Mumbai of the late 1950s-early 1960s, a Gujarati porter worked at the Victoria Terminus railway station for almost a decade. He quit to marry and moved to Bengaluru to work as a peon at a pocket book distribution company. Over the years he rose through the ranks and was made store manager when the company set up shop in Chennai in the mid-1960s. By this time he was entrenched in the book trade and interacting directly with distributors. In 1967, encouraged by his wife, he broke away and started selling books out of a small paan shop in Gandhinagar, Bengaluru. That was his entry into the book-store business.

Nijesh Shah, who is narrating this tale about his grandparents, says their dream was always to educate the next generation because they were not educated. The book store was named Sapna for that dream and because they once ate an amazing meal after a particularly tiring day at a Chennai restaurant called Swapna.

Long before Barnes and Noble realized it would have to sell more than just books, Sapna Book House—now India’s biggest book chain by revenue and space—had started stocking everything under the sun. Alongside books of course.

At its 40,000 sq. ft store in Gandhinagar, the gateway to 1980s’ Bangalore, the National Film Development Corporation of India’s Cinemas of India DVDs jostle with party supplies, water bottles, plastic globes, Kannada music, Learn to Speak a language DVDs, Philips headphones, shiny clutches, photo frames, ugly vases, torches, stationery, baby products, chocolate, textbooks for every possible exam, idols and anything else you can think of (they recently stopped selling cosmetic jewellery).

New releases from John Green, Amitav Ghosh, Harper Lee, Alex Rutherford, Anuja Chauhan and Ravinder Singh are all in attendance. They have Avirook Sen’s Aarushi, Raghu Karnad’s Farthest Field and The Complete Tales Of Peter Rabbit. You may not find a single Philip Roth novel and they don’t stock “long tail” authors like Shakespeare (they are available on order) but they do have the recently released Natural Born Heroes by Christopher McDougall and all the Tintin comics you could possibly want.

This is a typical mix across 14 book stores or 350,000 sq. ft of retail space in Karnataka and Tamil Nadu (three more stores will open in Karnataka soon). If you live outside these two states you probably haven’t even heard of Sapna Book House, though it has been around for a while, only starting to add a store or two every year in the last decade. You’ll soon spot stores in Pune, the birthplace of Crossword.

Don’t be hasty in mistaking Sapna Book House for a book store run by people who know nothing about books. The chain’s merchandise manager, an ex-India Book House employee, clearly has a theory (probably accurate) about what most urban Indians read.

Nijesh Shah, a third generation member of the family that runs Sapna, says they see the chaos in the publishing world as an opportunity. “We look at a book store as a community-building exercise. It’s about being with your family in one place. That will never go out of style.”

I know it’s not on any literary pilgrim’s Bengaluru Book Stores itinerary. You won’t find that unbeatable mix of old and new that you are guaranteed at Blossom Book House or the smaller Bookworm down the road. Select, which celebrated 60 years last month, was where scientist C.V. Raman apparently shopped. India’s oldest book store, Higginbotham’s, is represented here too.

The city also has its share of glorious new indie readaways, all opened in the last few years. Atta Galatta, which started as a regional language book store, has evolved into a literary living room; after success at Mumbai’s Prithvi Theatre, Paperback set up shop at the Ranga Shankara theatre; and Lightroom will always be my favourite children’s book store. Aashti Mudnani, who founded it two and a half years ago, says social media has affected sales in recent months. “It’s really changed things for us. People used to come for reccos but increasingly they are getting that information off the Internet,” she says.

Incidentally, I know you wept tears of blood when Delhi’s Fact & Fiction announced its impending closure but indie book stores have seen a revival around the world. In the US, for example, registered indie members of the American Booksellers Association increased from 1,651 in 2009 to 2,094 in 2014.

Now don’t wrinkle your nose because I’m discussing Sapna alongside your favourite book haunts. This “book mall” will certainly be in the reckoning if there’s ever an award for most successful book store in post-independence India.

When Sapna set up a publishing unit in 1980, it also entered the education business. “We would take the curriculum from universities, pursue professors to write guides for us and then sample out titles to students free of cost,” says Shah.

The business grew dramatically, and in 1985 they moved from an 800 sq. ft store to a 10,000 sq. ft store in Gandhinagar. “Everyone mocked us. People came to see what this giant book store was selling and they found only books,” says Shah. The Gandhinagar store expanded fourfold by 2005.

There are lots of reasons Sapna is successful. It has large-format stores; its education business accounts for 80% of online sales and takes up 20% of in-store space; and it has an online presence in addition to its stores.

The Sapna Group dabbles in everything from self-publishing to distribution to e-books and audio books; it has a very successful Kannada language publishing unit and also produces Tamil titles. The company even exports children’s and educational books to Ghana and Nigeria and is working with the Ghanaian government on the school curriculum.

Newer stores have play zones for Wii buyers; and by the end of this year you will be able to explore the 15 million titles available through a digital kiosk in stores.

“There’s nothing unique in the model. It’s a very heavily textbook-oriented store. A general book buyer will not really go there to look for books,” says Hemu Ramaiah, who founded the Landmark chain of book stores in 1987 and sold it to the Tatas in 2005. Ramaiah still believes there’s room for a huge book-store model, one whose owners are not scared to hold inventory. “In-depth inventory is completely missing from any book store in India today. It’s a huge tragedy. Everybody who’s a good reader is being let down,” she says.

In their heyday, some of the large- format Landmark stores were known to do an annual business of Rs.50 crore on their mix of books, music, films and stationery. A decade on, Landmark seems almost certainly on the verge of shutdown. “I feel sad that they couldn’t take the idea forward,” says Ramaiah.

Who knows when someone will set up this giant dream book store where we can lose ourselves in the racks every Sunday. Until then we have Sapna Book House.

Priya Ramani will share what’s making her feel angsty/agreeable every fortnight. She tweets at @priyaramani and posts on Instagram as babyjaanramani.

source: http://www.livemint.com / Live Mint / Home> Leisure> Cranky Customer / by Priya Ramani / Saturday – September 12th, 2015

Mysore Fashion Week : A visual treat for Fashionistas in city

MysoreFashionBF12sept2015

The fashion aficionados in the city got to witness some of the best designers in the country showcasing their designs at Season 2 of Mysore Fashion Week which was held at Country Inn & Suites in city from Sept. 4 to 6. The event attracted people from all age groups who thronged the venue to catch a glimpse of some imposing designers.

Mysore Fashion Week, presented by C. Krishniah Chetty & Sons, was the brainchild of city-based fashion designer Jayanthi Ballal who along with her colleagues worked hard to come out with the event which has now put our city among the cities known for fashion extravaganza.

Following the success of season 1, Jayanthi had been working for the past six months for season 2 holding meetings with the sponsors, partners, fashion designers and others involved.

Speaking to Star of Mysore, Jayanthi Ballal said that organising fashion week needs a lot of hard work and dedication. “Everything, right from the ramp, models, music has to be perfect. People working in the backstage are the most important. The entire fashion week is dependent on them,” added Jayanthi.

The season 2 of Mysore Fashion Week witnessed a total of 40 models, including 13 super models from Mumbai, walking the ramp for various designers during the three-day extravaganza. Among the super model was also Gazi (Rouhalllah Quazim) who is popularly known as Raymond Gazi.

“Gazi just flew down to Mysuru for Mysore Fashion Week. During our interaction over phone, he said that Mysore Fashion Week-1 had been lucky for him that fetched him the famous Raymond Ad and he just wanted to walk the ramp again in Mysuru,” adds Jayanthi.

This season witnessed celebrity show-stoppers such as Amala Paul, Sanjana, Parul Yadav, Vidyut Jamwal and others. The show also featured fashion designers including Yogesh Choudary from Delhi, Mona Shroff from Hong Kong, Reshma Kunhi, Pinky Kachhela and others. The highlight of the three-day event was the grand finale by Jayanthi Ballal, who showcased a traditional collection as a tribute to Mysuru’s heritage. Bollywood actress Soha Ali Khan, the show-stopper for Jayanthi Ballal, flaunted a gorgeous red Kanjeevaram saree which had the embroidery of the Dasara procession. Speaking about the saree, Jayanthi Ballal said that it took around 25 days for her to complete the embroidery works and added that every designer loved the works of the fellow designers which is special.

She also added that the season 3 of the Mysuru Fashion Week would be much bigger and better.

We also hope that Mysuru gets a place in the fashion world with bigger fashion week next year.

source: http://www.starofmysore.com / Star of Mysore /Home> General News / Saturday – September 12th, 2015

‘We want to solve unmet medical needs’

Stempeutics Research is India’s leading regenerative medicine (stem cell) company. B N Manohar, its MD and CEO, recently sat down with Deccan Herald’s Georgy S Thomas to explain how regenerative medicines give hope to people who have no other options. Excerpts:

ManoharBF12sept2015

What are stem cells?

The human body is made up of three categories of cells: germ cells, somatic cells, and stem cells. Somatic cells, which have two copies of each chromosome, make up most of the human body. There are 220 types of somatic cells. Germ line cells are any line of cells that give rise to eggs and sperm. The rudimentary stem cells normally transform into somatic cells. But for some reason, some stem cells are still found as leftovers in adults. They have the ability to regenerate other cells. Also, stems cells can be allogenic, which means your stem cell can go to anyone in the world; whereas your blood cannot be of use to others without a match.

When was your company formed?

In 2006.

Who are the promoters?

Manipal Group, initially. Subsequently, in 2009, we entered into a strategic alliance with Cipla. Manipal  Group is well known in education and healthcare. What we are doing is novel product development. So we felt the need to have a good pharma partner. Cipla owns 49 per cent equity, and Manipal Group is the 51-per cent majority partner.

How much capital have you raised?

So far around Rs 200 crore. Every quarter, I raise funds from the promoters in proportion to their equity stake.

What are your revenues?

Zero. Today we are still a pre-revenue company and we are likely to generate revenues in this financial year. So far we have been spending money to develop this product for about eight years.

What is the difference between biotech and stem cell technology?

Traditional medicines are derived from chemicals. Biotechnology makes use of biology: you have vaccines, then gene therapy, cell therapy, and tissue engineering. That’s how the whole  field is advancing. Ours is a part of biotech, but in a niche area.

Which is the biggest stem cell firm?

There are different biotech and pharma companies entering the stem cell area. The biggest pure-play stem cell company is probably Australia’s Mesoblast. It is not making much of revenues (AUD 23.75 million) yet, but the market value of the listed company is more than a billion AUD, probably in recognition of its potential.

Do you have any competitors in India?

In India, there is Reliance Life Sciences. But it is not focused like us in bringing out a New Biological Entity or NBE. Our NBE is MSC or mesenchymal stromo cell.

How many drugs are you working on?

We are working on only one drug called Stempeucel. Unlike chemicals, stem cells are multipotent. Like the embryonic stem cell which can turn into any of 220 different somatic cells, our MSC derived from bone marrow is pluripotent, meaning it can do multiple jobs in our body.

Which stage is this drug in?

Stempeucel has completed pre-clinical safety tests in animals, and Phase-1 and Phase-2 trials in more than 200 humans. We have now moved the drug controller general of India (DCGI) to directly go into production and marketing by skipping Phase-3. DCGI is actively considering it.

In pre-clinical trials, we had to prove the drug’s safety and efficacy. The safety trials were done at National Institute of Nutrition (NIN), Hyderabad, and Syngene, Bengaluru. While we were doing this, being the first to attempt an NBE in India, we chose to work with DCGI to form a regulatory framework.

Is there a regulatory framework now­­­­­?

It is there now. Over a period of 7-8 years we worked with the DCGI to create the framework.The guidelines have been published and feedback has been received from the public. Now Parliament will have to amend the Drugs and Cosmetics Act to bring in the changes.

What disease is Stempeucel targeting?

We are focusing on a condition called CLI or critical limb ischemia.

What is it?

Like a heart attack, it is known as leg attack. The arteries get blocked, you will have severe pain and will not be able to walk. Even when you sit, there will be severe pain and any ulcers won’t heal because there is no proper blood flow. Ultimately, it may lead to amputation. More than 10 million people suffer from CLI in India.

Is Stempeucel an injection?

Yes. We give around 40 injections around the leg in a one-time administration, and also around the ulcer.

How many milligrams?

Each one is 0.5 ml, and 2 ml around the ulcer. We have measured at the six-month interval and seen dramatic results. So based on this we went to the government to fast-track the approval process. Something similar to the orphan drug designation (ODD) and ATMP (advanced therapy medicinal product) processes in Europe. Incidentally, we have received both ATMP and ODD approvals.

It seems you have received some patents too. What are they all about?

The patents are for our novel process in making the NBE. We have applied in 18 countries and has so far received patents in seven countries — the US, Australia, China, New Zealand, Singapore, Japan, and South Africa.

How much will a Stempeucel vial cost?

We are yet to finalise the price. For instance, one 100-million cell vial of stem cell drug Prochymal by US company Osiris costs about $15,000. Our goal is to reduce the price to between $2,000 and $3,000.

How many employees are there in your organisation?

Currently 39. The mix is seven PhD biotechnologists, 30 scientists, two medical doctors.

Do you need a fresh infusion of funds?

We are looking for a strategic partner. After receiving ODD and ATMP approvals, we have been asked to do a pivotal trial in Europe. It costs up to $30 million to do even a simple clinical trial there. So we need a bigger partner, preferably a pharma.

What is your five-year goal?

Ultimately, our goal is to provide solutions for major unmet medical needs. For that, we have to be financially strong as well. We hope to become a $100-million company in five years.

source: http://www.deccanherald.com / Deccan Herald / Home> Supplements> Economy & Business / by Georgy S Thomas / DHNS – September 07th, 2015

Pathologists working out global plan in city

Leading plant pathologists and bio-technologists of the world have assembled in Bengaluru for consultations on evolving a global action plan for a strong bio-security system. About 200 scientists from 20 countries have put their heads together at a four-day international symposium on Phytophthora being organised by the Kasargod-based Central Plantation Crops Research Institute (CPCRI) at the Indian Institute of Horticultural Research here from September 9 to 12.

CPCRI Director P. Chowdappa told The Hindu that the proposed action plan would have measures to prevent the spread of plant diseases from continent to continent and country to country.

source: http://www.thehindu.com / The Hindu / Home> News> Cities> Bengaluru / by Special Correspondent / Bengaluru – September 11th, 2015

V Commonwealth Games : Dhruthi bags grand Double

Mysuru girl Dhruthi T. Venugopal and Sasi Kumar Mukund seen in the winner’s podium with the Indian flag after they clinched the Mixed Doubles title in the V Commonwealth Games 2015 tennis event held at Samoa Islands on Thursday.
Mysuru girl Dhruthi T. Venugopal and Sasi Kumar Mukund seen in the winner’s podium with the Indian flag after they clinched the Mixed Doubles title in the V Commonwealth Games 2015 tennis event held at Samoa Islands on Thursday.

Samoa :

Mysuru girl Dhruthi T. Venugopal, representing India in the V Commonwealth Youth Games 2015 at Samoa Islands, won a grand double by clinching the girls singles and mixed doubles titles on the concluding day of the tennis championships on yesterday.

Top-seed Dhruthi won the girls singles title beating Lesedi Jacobs of Namibia 6-3, 6-0 to win the gold. Dhruthi completed a fine double when she teaming up with India’s Sasi Kumar Mukund won the mixed doubles title with a 7-6 (4), 6-3 win over the Scottish pair of Louie-Ada Mccelland and Ewen Lumsden in the final.

Sasi Kumar Mukund continued his fine run as he also won the youth boys singles gold with a 6-1, 6-2 win over Ewen Lumsden of Scotland in the final.

Incidentally, Dhruthi had beaten Violet Apisah (Png) 6-2, 0-6, 6-2 in the youth girls singles semi-finals. In the quarter-finals, Dhruthi got the better of Joely Lomas of Wales 6-1, 6-3 to progress further.

Daughter of Venugopal and Vanamala Venugopal, residents of Mysuru, Dhruthi is a product of the Mysuru Tennis Club. Presently, she trains under former India Davis-Cupper Nandan Bal at Pune.

India made a clean sweep in the tennis event by winning three golds in three events they participated.

source: http://www.starofmysore.com / Star of Mysore / Home> Sports News / Friday – September11th, 2015