SRM inks pact with Arvind Remedies for medical formulation
In a first of its kind in India, SRM University today signed a Memorandum of Understanding (MoU) with Arvind Remedies Limited for transfer of US Patent Rights for an anti-Diabetic Ayurvedic formulation.
The MoU was signed at the University campus at suburban Kattankulathur in the presence of SRM Varsity Chancellor Dr T R Pachamuthu, Registrar Dr N Sethuraman.
Dr B Arvind Shah, Managing Director of Arvind Remedies, signed the MoU on behalf of his company.
The MoU envisaged transfer of US patent rights, a first of its kind in India for an anti-diabetic auyrvedic formulation, from SRM University to ARL.
Under the MoU, plant based anti-diabetic formulation developed by Inter-Disciplinary of School of Indian System of Medicine (ISISM), SRM University, with the guidance of ISISM Study Director Dr G P Dubey would be produced as tablets and launched as a therapeutic drug by ARL.
Dr Pachamuthu congratulated the faculty of ISISM for their contribution in the product development and said this was an example of SRM's contribution to translational medicine.
(Posted on 24-05-2014)