Indian Pharma MNC Piramal Investing in German Molecular Imaging Technology
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Indian Pharma MNC Piramal Investing in German Molecular Imaging Technology

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3 Pages
English

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Indian Pharma MNC Piramal Investing in German Molecular Imaging Technology PR Newswire BERLIN, August 30, 2012 BERLIN, August 30, 2012 /PRNewswire/ -- Innovative medical research in Germany In April 2012, Indian MNC Piramal took over Bayer HealthCare's molecular-imaging pipeline and has since then been continuing research and development work on the acquired PET radiopharmaceuticals in its labs in Berlin. Speaking at a press conference Mr. Ajay Piramal, Chairman of Piramal Group commented on the strategy saying, "Molecular imaging is one of the key technologies paving the way to individualized medicine. Our acquisition of a powerful pipeline in this field hence, is an important milestone on the road to an innovative pharmaceutical portfolio for us." According to Christoph von Knobelsdorff, Permanent Secretary at the Berlin Senate's Department of Economics, Technology and Research, Piramal Imaging's decision to come to Berlin is a real gain for the city as a business location, underlining its reputation as a center of knowledge-based economy. "Piramal has made a good choice with Berlin. The healthcare industry in the capital region is highly innovative and offers above-average growth potential. The density of the scientific and research institutions here is unique throughout Europe. Our policy aims to create intense links between business, research and science.

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Indian Pharma MNC Piramal Investing in German Molecular Imaging Technology
PR Newswire BERLIN, August 30, 2012
BERLIN,August 30, 2012/PRNewswire/ --Innovative medical research in Germany InApril 2012, Indian MNC Piramal took over Bayer HealthCare's molecular-imaging pipeline and has since then been continuing research and development work on the acquired PET radiopharmaceuticals in its labs inBerlin. Speaking at a press conferenceMr. Ajay Piramal, Chairman of Piramal Group commented on the strategy saying, "Molecular imaging is one of the key technologies paving the way to individualized medicine. Our acquisition of a powerful pipeline in this field hence, is an important milestone on the road to an innovative pharmaceutical portfolio for us."
According toChristoph von Knobelsdorff, Permanent Secretary at theBerlinSenate's Department of Economics, Technology and Research, Piramal Imaging's decision to come toBerlinis a real gain for the city as a business location, underlining its reputation as a center of knowledge-based economy. "Piramal has made a good choice withBerlin. The healthcare industry in the capital region is highly innovative and offers above-average growth potential. The density of the scientific and research institutions here is unique throughoutEurope. Our policy aims to create intense links between business, research and science." "The field of molecular imaging is made attractive by the availability of excellent technical equipment and the vicinity of renowned academic institutions, such as Charité University Hospital and the Max Delbrück Center for Molecular Medicine. This is a good environment for interdisciplinary exchange between academia and industry," confirmsProfessor Günter Stock,President of theBerlin-BrandenburgAcademyof Sciencesand spokesperson of the network HealthCapital Berlin-Brandenburg. Researching novel agents to improve medical diagnostics has been a long tradition inBerlin. This is where the first commercially available X-ray contrast agent was developed - as early as 1931. Then in the late 1980sBerlin researchers developed the first contrast agent for magnetic resonance imaging (MRI), revolutionizing medical imaging.
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About florbetaben
18 Florbetaben is anF-labeled tracer for use in positron emission tomography (PET), which specifically binds to beta-amyloid deposits in the brain, a key pathological hallmark of Alzheimer's disease. Florbetaben may in future contribute to the early detection of Alzheimer's disease and facilitate specific treatment. A Phase III trial previously presented at the annual meeting of the American Academy of Neurology showed that PET imaging with florbetaben reliably detects beta-amyloid with great accuracy in the brains of living patients. The visual assessment procedure proposed for routine clinical practice demonstrated 100% sensitivity and 92% specificity.
About Alzheimer's disease
Alzheimer's disease is a progressive neurodegenerative disease which mostly affects people over the age of 60 and is the most common cause of dementia. In 2009 estimates suggested that more than 36 million people worldwide were suffering from Alzheimer's. By 2050 this number could reach more than 115 million. At present there is no cure for the disease, but treatments for symptoms, combined with the right services and support, can improve the quality of life for the millions of people living with Alzheimer's.
About the Piramal Group
The Piramal Group, led by Ajay G. Piramal is one ofIndia'sforemost business conglomerates. Driven by the core values of Knowledge Action Care, the Piramal Group has interests in a myriad of industries that encompass healthcare, drug discovery & research, diagnostics, glass, real estate and financial services. The Piramal Group steadfastly pursues inclusive growth while adhering to ethical and value driven practices. The Group's turnover exceeded $ 900 millionin FY2011.
About Piramal Enterprises Ltd.
Piramal Enterprises is one ofIndia'slargest diversified companies, with a presence in pharmaceutical, financial services and information management sectors. Piramal Enterprises had consolidated revenues of$ 450 millionin FY2012. In the pharmaceutical space, PEL is one of leading custom manufacturing player globally, has presence in the global critical care segment with a portfolio of inhalation and injectable anesthetics and its OTC business is ranked no. 7 inIndia. PEL is also engaged in drug discovery & research and has strong pipeline of development products. In the financial services space, PEL has a real estate focused PE fund - Indiareit and a NBFC that is focused on lending to real estate and education sector. Recently, PEL has also entered the global information management industry through acquisition of a US based company ‒ Decision Resources Group.
About Piramal Imaging GmbH
Piramal Imaging GmbH is a 100% daughter of Piramal SA and was recently created through the acquisition of worldwide rights for a molecular imaging research and development portfolio of Bayer AG by Piramal Enterprises. The portfolio includes the rights to florbetaben, a highly specialized molecule used in PET imaging to detect beta-amyloid in the brain, a widely recognized marker for Alzheimer's disease. Only recently, florbetaben has successfully completed a phase III clinical trials. By developing novel PET tracers for molecular imaging, Piramal is focusing on a key future field of modern medicine. For more information, please visit http://www.piramalhealthcare.com For media enquiries, please contact: PIRAMAL GROUP Akansha Pradhan/ Riddhi Goradia Corporate Communications Piramal Group Contact: +91-22-33514082 akansha.pradhan@piramal.com riddhi.goradia@piramal.com
PIRAMAL IMAGING Dr. Ludger Dinkelborg Managing Director Piramal Imaging GmbH Tel: +49-30-461-1246-01 Fax: +49-30-461-124-629 ludger.dinkelborg@piramal.com