Bioinformatics Bioinformatics sector grosses Rs120 crore
Bioinformatics
Bioinformatics sector grosses Rs120 crore:
The Bioinformatics sector in India is estimated to have grown
to Rs 120 crore in 2005-06 compared to the previous year's figure of Rs 100
crore. Though the figure may not be so big, the industry in 2005 has showed
positive overtones. For example, it is estimated that Strand Lifesciences, which
was one of the first few to focus in the bioinformatics space, has notched Rs 10
crore in revenues and is on its way to be a profitable company. Further IT
companies have also stepped up their focus on the life sciences vertical.
Companies like Infosys, Cognizant Technologies, HCL, MphasiS, and TCS have been
made significant strides in this space.
MphasiS Technologies offers software solutions in the areas
of healthcare and life sciences technology vertical. In life sciences, its
expertise spans across designing software, developing device drivers, embedded
solutions, instrument control software for analytical instrumentation,
biological data management, data and image analysis, agro sciences and in
ensuring compliance to 21 CFR Part 11, GAMP, and CLSI. Its revenues from this
vertical stood at Rs 35.7 crore in 2005-06.HCL Technologies, another leading IT
major, which has strong focus in biopharmaceuticals and CRO space in the life
sciences sector, doubled its revenues to Rs 15.4 crore in 2005-06.This vertical
is called the"Global LifeScience and Healthcare Practice". It has
tie-ups with institutes and companies spanning different countries-Tokushina
University, Japan, IIT Delhi,and Synchron, a CRO.TCS made a major announcement
last year that it has tied up with Congenia, a biotechnology start-up promoted
by Italy's Genextra Spa group to provide advanced fragment-based lead
optimization solutions for drug discovery. This is the first of its kind for an
IT company. TCS is also putting in place a complete suite of offerings in the
life sciences segment, spanning genomics and proteomics, database integration,
drug discovery, and preventive healthcare. It has also developed
"Bio-Suite". The Indian IT services companies today offer a range of
solutions. They are looking at customized and cutting-edge solutions in clinical
trials and US FDA compliance requirementstoR&Dprocess enhancements.Cognizant
offers solutions for the life science industry too. It has associated with IMS
and provides solutions like application management for legacy systems,
e-Business, data portals, ERP implementation, upgrade, and maintenance services,
prescriber behavior analysis and insight, longitudinal prescription data
management systems, clinical trial solutions, and 21CFR11 assessment solutions.
Standalone bioinformatic companies like Strand Life Sciences,
Ocimum Biosolutions, Helix Genomics and Molecular Connections have about 5-8
products in their kitty. Ocimum Biosolutions, which has competencies biomedical
literature.Molecular Connections has licensed NetPro to global players like Lion
Bioscience Research Inc and GSK. Strand Life Sciences is focused as in silico
technologies innovation company. It focuses on early target discovery through
pre-clinical development services, cheminformatics modeling platforms like
Admetis and proprietary in silico predictive models for small molecule drug
properties like ADME and cardiotoxicity, and partners with discovery contract
research companies to combine in silico and wet labs to offer services starting
from compound library design to lead generation.Another major trend has been
BioSuppliers like Waters now strongly focusing on the informatics products and
solutions. In fact India is now being targeted as a resource center for products
too. Aris Global, a global leader in the area of pharma safety software, has
software development center in Bangalore that houses over 370 employees.
Mascon Life Sciences, a division of Mascon Global Ltd, aims
to make its center a world-renowned center for research and development in
computational biology. Mascon has developed a broad spectrum of seven-eight
software tools, applicable in wide range of activities from genome mapping to
molecular modeling. IBM Life Sciences, which is helping clients manage explosion
of data, accelerate discovery and development, and respond to compliance and
security mandates, has a center of excellence at IIT Delhi. Sun Microsystems has
set up a dedicated Center of Excellence (CoE) for bioinformatics with the Centre
for DNA Fingerprinting and Diagnostics in Hyderabad to address this vertical.
Clearly, there has been an increased focus by the IT and bioinformatics
companies in this space.
Page(s) 1 |