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Glenn Saldanha takes over as president of Indian Pharmaceutical Alliance

Our Bureau, Mumbai
Monday, October 16, 2017, 18:30 Hrs  [IST]

Glenn Saldanha, chairman & managing director of Glenmark Pharmaceuticals Limited took over as president of Indian Pharmaceutical Alliance for 2017-19. Rajesh Jain, joint managing director of Panacea Biotec Limited became the vice president.

Saldanha joined Glenmark in 1998 as director and took over as managing director & CEO in 2001. During his tenure, he transformed Glenmark into a truly global organization with revenue in excess of Rs. 9,000 crore (US$ 1.4 billion) and offices in more than 40 countries worldwide. Under his leadership, Glenmark has evolved from an Indian branded generics business, into a research-driven and innovation-led organization.

Jain is a recipient of India Innovation Award in 2016 and 2015 (top 50) by Clarivate Analytics (Formerly Thomson Reuters) and co-chair, Confederation of Indian Industry (CII), National Committee on Biotechnology for 2017-18 and past chairman for 2011-12 & 2012-13. He is a member-research council of CSIR–Central Drug Research Institute (CSIR-CDRI), Lucknow. He is also a board member for Innovation and Incubation Foundation - Delhi.

The Indian Pharmaceutical Alliance, initially formed by eight national companies in November 1999 has now 20 research based national pharmaceutical companies in its fold. Collectively, the Indian Pharmaceutical Alliance members account for almost 85 per cent of the private sector investment in pharmaceutical research and development, contribute 80 per cent of the country’s exports of drugs and pharmaceuticals, service over 46 per cent of the domestic market, and account for 46% of total sales of essential medicines.

The Indian Pharmaceutical Alliance in a short span of 17 years has emerged as a credible alternative capable of caring for all stakeholders in the pharmaceutical industry. It has grasped the emerging scenario and has worked with the government to steer the local industry to new heights and be counted in the world.

 

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