Shilpa Medicare subsidiary partners with Orion Corporation to commercialize Recombinant Human Albumin in Europe
By Aman Shukla Published on May 23, 2025, 15:05 IST
Shilpa Medicare Limited has announced that its wholly owned subsidiary, Shilpa Biocare Private Limited, has entered into a strategic agreement with Orion Corporation, a pharmaceutical company based in Finland. The agreement grants Orion exclusive rights to distribute, market, and sell Shilpa's Recombinant Human Albumin in the European market.
The product, currently under development, is a biosimilar version of human albumin produced using a non-human expression system. This production approach aims to offer an alternative to plasma-derived albumin by eliminating risks related to human pathogens and improving scalability.
As part of the agreement, Shilpa Biocare is eligible to receive development and regulatory milestone payments from Orion. Shilpa has been investing in the development of Recombinant Human Albumin for approximately eight years and has established a large-scale fermentation facility to support its production.
Recombinant Human Albumin is used in a variety of therapeutic applications and plays a critical role in the manufacturing of vaccines and other biologics. The collaboration is expected to leverage Orion's experience in the European pharmaceutical market, including its regulatory and distribution capabilities.
The partnership reflects ongoing industry efforts to enhance the availability of biologics and biosimilars that meet safety and quality standards.
Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
San Francisco Chronicle
21 minutes ago
- San Francisco Chronicle
Russia skirts Western sanctions to ramp up its military footprint in Africa
DAKAR, Senegal (AP) — Even as it pounds Ukraine, Russia is expanding its military footprint in Africa, delivering sophisticated weaponry to sub-Saharan conflict zones where a Kremlin-controlled armed force is on the rise. Skirting sanctions imposed by Western nations, Moscow is using cargo ships to send tanks, armored vehicles, artillery and other high-value equipment to West Africa, The Associated Press has found. Relying on satellite imagery and radio signals, AP tracked a convoy of Russian-flagged cargo ships as they made a nearly one-month journey from the Baltic Sea. The ships carried howitzers, radio jamming equipment and other military hardware, according to military officials in Europe who closely monitored them. The deliveries could strengthen Russia's fledgling Africa Corps as Moscow competes with the United States, Europe and China for greater influence across the continent. The two-year-old Africa Corps, which has links to a covert branch of Russia's army, is ascendant at a time when U.S. and European troops have been withdrawing from the region, forced out by sub-Saharan nations turning to Russia for security. Mali, Burkina Faso and Niger have been battling fighters linked with al-Qaida and the Islamic State group for more than a decade. At first, mercenary groups with an arms-length relationship to the Kremlin entered the fray in Africa. But increasingly, Russia is deploying its military might, and intelligence services, more directly. 'We intend to expand our cooperation with African countries in all spheres, with an emphasis on economic cooperation and investments,' Kremlin spokesman Dmitry Peskov said. 'This cooperation includes sensitive areas linked to defense and security.' From the ports, Russian weapons are trucked to Mali Russia's 8,800-ton Baltic Leader and 5,800-ton Patria are among hundreds of ships that Western nations have sanctioned to choke off resources for Russia's war in Ukraine. The ships docked and unloaded in Conakry, Guinea, in late May, AP satellite images showed. Other ships made deliveries to the same port in January. They delivered tanks, armored vehicles and other hardware that was then trucked overland to neighboring Mali, according to European military officials and a Malian blogger's video of the long convoy. The military officials spoke to AP about Russian operations on condition of anonymity. The AP verified the blogger's video, geolocating it to the RN5 highway leading into Bamako, the Malian capital. After the latest delivery in Conakry, trucks carrying Russian-made armored vehicles, howitzers and other equipment were again spotted on the overland route to Mali. Malian broadcaster ORTM confirmed that the West African nation's army took delivery of new military equipment. AP analysis of its video and images filmed by the Malian blogger in the same spot as the January delivery identified a broad array of Russian-made hardware, including 152 mm artillery guns and other smaller canons. AP also identified a wheeled, BTR-80 armored troop carrier with radio-jamming equipment, as well as Spartak armored vehicles and other armored carriers, some mounted with guns. The shipment also included at least two semi-inflatable small boats, one with a Russian flag painted on its hull, as well as tanker trucks, some marked 'inflammable' in Russian on their sides. The military officials who spoke to AP said they believe Russia has earmarked the most potent equipment — notably the artillery and jamming equipment — for its Africa Corps, not Malian armed forces. Africa Corps appears to have been given air power, too, with satellites spotting at least one Su-24 fighter-bomber at a Bamako air base in recent months. Moscow's notorious secret unit For years, French forces supported counterinsurgency operations in Mali and neighboring Burkina Faso and Niger. But France pulled out its troops after coups in Mali in 2020 and 2021, in Burkina Faso in 2022 and Niger in 2023. Russian mercenaries stepped into the vacuum. Wagner Group, the most notable, deployed to Sudan in 2017 and expanded to other African countries, often in exchange for mining concessions. It earned a reputation for brutality, accused by Western countries and U.N. experts of human rights abuses, including in Central African Republic, Libya and Mali. Of 33 African countries in which Russian military contractors were active, the majority were Wagner-controlled, according to U.S. government-sponsored research by RAND. But after Wagner forces mutinied in Russia in 2023 and their leader, Yevgeny Prigozhin, was killed two months later in a suspicious plane crash, Moscow tightened its grip. Russian military operations in Africa were restructured, with the Kremlin taking greater control through Africa Corps. It is overseen by the commander of Unit 29155, one of the most notorious branches of Russia's shadowy GRU military intelligence service, according to the European Union. Unit 29155 has been accused of covertly attacking Western interests for years, including through sabotage and assassination attempts. The EU in December targeted Unit 29155 Maj. Gen. Andrey Averyanov with sanctions, alleging that he is in charge of Africa Corps operations. 'In many African countries, Russian forces provide security to military juntas that have overthrown legitimate democratic governments, gravely worsening the stability, security and democracy of the countries,' the EU sanctions ruling said. These operations are financed by exploiting the continent's natural resources, the ruling added. The Russian Ministry of Defense didn't immediately respond to questions about Averyanov's role in Africa Corps. Africa Corps recruitment Researchers and military officials say the flow of weapons from Russia appears to be speeding Africa Corps' ascendancy over Wagner, helping it win over mercenaries that have remained loyal to the group. Africa Corps is also is recruiting in Russia, offering payments of up to 2.1 million rubles ($26,500), and even plots of land, for signing a contract with the Ministry of Defense, plus more on deployment. Within days of the latest equipment delivery, Wagner announced its withdrawal from Mali, declaring 'mission accomplished" in a Telegram post. Africa Corps said in a separate post that it would remain. The changeover from Wagner to Africa Corps in Mali could be a forerunner for other similar transitions elsewhere on the continent, said Julia Stanyard, a researcher of Russian mercenary activity in Africa. 'Bringing in this sort of brand-new sophisticated weaponry, and new armored vehicles and that sort of thing, is quite a bit of a shift,' said Stanyard, of the Switzerland-based Global Initiative Against Transnational Organized Crime. Armed groups in Mali have inflicted heavy losses on Malian troops and Russian mercenaries. The al-Qaida linked group JNIM killed dozens of soldiers in an attack this month on a military base. Insurgents also killed dozens of Wagner mercenaries in northern Mali last July. Some of the latest hardware could have been shipped over specifically in response to such attacks, military officials said. They said the jamming equipment, for example, could help defend against booby traps detonated using phone signals. Russian escort's red flags The latest convoy attracted attention because a Russian Navy warship, the Boykiy, escorted the ships after they set off in April from Russia's Kaliningrad region on the Baltic. Last October, in what's considered a hostile act, the Boykiy's radar systems locked onto a French Navy maritime surveillance plane on patrol against suspected Russian efforts to sabotage underwater cables, according to military officials. The convoy included a third sanctioned Russian cargo ship, the Siyanie Severa. It continued onward as Baltic Leader and Patria unloaded in Conakry, docking in Bata, Equatorial Guinea. Satellite imagery from May 29 shows trucks lined up on the dock as the ship unloaded. The AP could not verify whether the cargo included weapons or the ultimate destination for the shipment, though Wagner has maintained a strong presence in the nearby Central African Republic.
Business Upturn
34 minutes ago
- Business Upturn
OneSource Specialty Pharma shares jump 3% after USFDA grants VAI classification for its Bangalore facility
By Aman Shukla Published on June 10, 2025, 09:22 IST Shares of OneSource Specialty Pharma Ltd jumped 3% in morning trade on June 10 after the company announced that its flagship facility in Bangalore received a 'Voluntary Action Indicated' (VAI) classification from the U.S. Food and Drug Administration (USFDA). As of 9:21 AM, the shares were trading 3.61% higter at Rs 2,002.70. The classification follows a routine USFDA inspection conducted from March 20 to March 28, 2025. At the end of the inspection, the agency issued a Form 483 with four observations. The company responded with a comprehensive corrective action plan. After reviewing the response, the USFDA designated the outcome as VAI, indicating that while issues were noted, they were not serious enough to trigger regulatory or enforcement action. The VAI status also confirms that the inspection is now officially closed. The company did not disclose the specific details of the observations, but emphasized that the facility remains integral to its core manufacturing and development operations. A VAI classification is generally seen as a positive regulatory outcome, especially compared to more severe classifications like 'Official Action Indicated' (OAI). Investors reacted favorably to the news, pushing the stock higher. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Business Upturn
34 minutes ago
- Business Upturn
Nibe shares jump 4% after securing Technology Transfer License from DRDO
By Aman Shukla Published on June 10, 2025, 09:18 IST Nibe Ltd shares surged 4% on Tuesday after the company signed a Licensing Agreement with DRDO's Research & Development Establishment (Engineers), Pune. The agreement grants Nibe exclusive manufacturing and sales rights for the cutting-edge 'Modular Bridging System' developed by DRDO. As of 9:18 AM, the shares were trading 6.21% higher at Rs 1,786.20. The state-of-the-art system is designed for rapid deployment of mobile bridges ranging from 14 to 46 meters, capable of supporting tracked and wheeled military vehicles. This technology plays a critical role in enabling fast and secure mobility for the Indian Armed Forces in challenging terrains. As part of the deal, Nibe has been granted a 10-year license to manufacture and supply the Modular Bridging System within specified licensing regions. The company will have exclusive rights to supply the product to the Indian Armed Forces and other government agencies. This development aligns with the Government of India's 'Make in India' and 'Atmanirbhar Bharat' initiatives, highlighting Nibe's growing role in the defence manufacturing space. The company reaffirmed its commitment to high standards of quality and precision to support national security infrastructure. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
