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At the Makali Himalaya Drug
Company facility here, R&D is screening hundreds and thousands
of herbs. Seventy scientists are working on cell lines for tropical
diseases like malaria. Toxicity studies on cell lines followed by
safety studies in humans and finally clinical trials will be conducted
to find the right cure. The Rs 300 crore Himalaya Drug Company is
simultaneously working on the third phase clinical trials for Respicare,
a medicine for upper respiratory tract disorders. Respicare which
is available in the US is now being brought to India, subject to
various approvals.
Dr. S.K. Mitra, executive director research
and technical services, said, "We are a hardcore pharma company.
We will name Respicare differently in India, but it will be difficult
to give it a timeline. Concurrently we are exploring the possibility
of working on viruses in our virology department."
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New wonderdrugs
- Dealing
with prostrate enlargement
- Menopausal
syndrome with estrogen
- Hair and
skin care products contribute 25% of turnover
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The pharma company has transnational ambitions.
The 73-year-old partnership firm has a unique management style.
Chairman Manal's vision along with the four partners is to satisfy
the consumer through soft healthcare offerings. The clearcut credo
being that Himalaya should provide validated and researched solutions
for problems of daily life. As Ravi Prasad, President and CEO
said. "Himalaya is looking for its place in the sun. While
FMCG is down 1.5 per cent on year and pharma is up 8 percent annually.
Himalaya is showing 25 per cent yearly growth. We are now looking
at a 30 to 35 per cent growth from here on."
Why is Prasad so bullish? According to him
the herbal ayurvedic market is worth $62 billion while the domestic
market is valued at around Rs. 5,000 crore. As such, Himalaya has
evolved itself to subsume the Ayurvedic Concepts brand as well.
The new positioning is top to toe herbal wellness being offered
by a contemporary herbal company. Not only is the wellness internal,
but it deals with topical health as well. Taking the trusted household
name which treats disorders forward to providing all round wellness.
Prasad reckons that whatever product is turned
up by Himalaya has to be not just pharma grade, but its efficacy
and safety has to be supported empirically. To take the message
to the next level, brand Himalaya is opening 60 new stores using
the Franchise model in addition to the existing 25 stores.
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