India's Largest Database on New Projects
GVK BIO to collaborate with PDPs
17 May 2011: GVK Biosciences has been selected as a preferred provider to a consortium of 14 global Product Development Partners (PDPs) for clinical services in Asia.
The company will collaborate with the consortium as a niche service provider for clinical monitoring, logistics support and safety monitoring apart from overall project management. The PDPs, funded in-part by the Bill and Melinda Gates Foundation, are not-for-profit entities focused on developing new interventions for diseases that are often neglected by mainstream pharmaceutical and bio-tech companies, such as tuberculosis, malaria, kala-azar, HIV/AIDS, childhood pneumonia, and diarrhoeal diseases.
Collectively the 14 PDPs anticipate funding 85 clinical trials in the developing world over the next two years and India features as a key developing world country.
Source: Hindu Business Line