GSK and A*STAR to develop new medicines for emerging markets

GlaxoSmithKline (GSK) and A*STAR’s Institute of Chemical and Engineering Sciences (ICES) have signed a five-year strategic agreement to develop new evidence based formulations (EBFs) specifically for emerging markets. EBFs are medicines which are reformulated to provide additional patient benefit.

ICES has a long standing relationship with GSK since 2003, and the development of EBFs will further strengthen the relationship between both parties. The collaboration leverages on ICES’ strengths and expertise in synthesis, formulation and process development, as well as GSK’s vast experience in drug candidate selection, optimisation, and product development in novel formulations. The collaboration will enhance ICES’ technical expertise and know-how in drug product formulation, analytical techniques, development and scale up. It will develop a pool of local expertise in specialised formulation for pharmaceutical development in Singapore.

“Collaborating with GSK, a global leader in pharmaceuticals and healthcare provides an opportunity for us to further our research and deepen our capabilities in formulation science with skilled scientists and technical expertise. This venture will enable us to develop future scientists and laboratory analysts with the right skills to grow this industry in Singapore” said Dr Keith Carpenter, Executive Director, ICES.

The establishment of a joint partnership between ICES and GSK will position Singapore as a regional centre for drug development for the emerging markets1.

“This agreement with ICES is perfectly aligned with GSK’s strategic priority of growing a diversified global business, whilst bringing affordable, quality GSK medicines of value to more people who need them. Within GSK’s portfolio of off-patent products, EBFs are an important part of our growth strategy, and our hope is that together with ICES we will create a sustainable, scalable model to meet both specific market conditions and patient requirements,” commented Duncan McKay, Vice President, Emerging Markets & Asia Pacific R&D, GSK.

“We are pleased that GSK has chosen Singapore as a strategic partner to develop new evidenced-based drug formulations. This is a strong endorsement of Singapore’s scientific talent and capabilities. It also further reinforces Singapore’s offering as the base for companies to generate insights and develop new solutions and market access strategies for the fast growing emerging markets,” said Kevin Lai, Director, Biomedical Sciences, Singapore Economic Development Board.

Reference

1. Growth in emerging markets especially China, Brazil, India and Russia will account for nearly 40% of the global pharmaceutical market by 2016. – Roland Berger Strategy Consultants, “Global Pharmaceutical Industry Is In A Strategic Crisis – Business Models Must Be Adjusted”, January 2013