Satish Reddy, Chairman, Dr. Reddy's Laboratories Limited receiving Dr. K. Anji Reddy Memorial Fellowship for Affordable Biopharmaceuticals. (Photo By Arrangement)
HYDERABAD: The Institute of Chemical Technology (ICT) awarded the inaugural version of "Dr. K. Anji Reddy Memorial Fellowship for Affordable Biopharmaceuticals" to Satish Reddy, Chairman, Dr. Reddy’s Laboratories Limited, for his immense contribution to the Indian pharmaceutical industry.
The fellowship was delivered at ICT’s 4th edition of Biosimilar Workshop, held on Thursday in Goa. The fellowship has been envisaged to honour the life and dedication to the pharmaceutical field of Dr. K. Anji Reddy, an alumnus of ICT and founder of Dr. Reddy’s Laboratories Limited who was honoured with Padma Shri in 2001 and Padma Bhushan in 2011 by the Government of India for his excellence.
As the Chairman of Dr. Reddy’s, Mr. Satish Reddy has led the organization’s transition from a uni-focused manufacturer of APIs (active pharmaceutical ingredients) to a company that moved up the value-chain with a diverse product portfolio of Finished Dosage Formulations. He oversaw the expansion and establishing a strong footprint for Dr. Reddy’s finished dosage products in Russia, China and other emerging markets.
As an active member of major industry associations and governmental panels, he played a key role in shaping policies concerning the pharmaceutical sector that include India’s patent law, drug pricing and important amendments to the Drugs & Cosmetics Act. Keeping true to the legacy of the founder of the company, Dr. K. Anji Reddy, Mr. Satish Reddy drives the organization's Corporate Social Responsibility initiatives. The Dr. Reddy’s Foundation, of which he is Chairman, works to help the less privileged create sustainable livelihoods through appropriate vocational education.
Speaking on the occasion, Prof. Aniruddha Bhalchandra Pandit, Vice Chancellor, ICT said, "Initiating Dr. K. Anji Reddy Memorial Fellowship Award during this Biosimilar Workshop 2023 has been the highlight of the event mainly because it has recognised the contribution of Dr. K. Anji Reddy in starting the activity of providing Biosimilars through research and innovation for affordable medicines."
The Institute of Chemical Technology, popularly known as UDCT, was established on October 1, 1933, as the University Department of Chemical Technology of the University of Bombay (now Mumbai), with the noble intention of advancing India's knowledge reserves in chemical science and technology. Over the years, ICT has grown to become a premier (deemed) university, devoted to education, training, research and industrial collaborations in the areas of chemical engineering, chemical technology, applied chemistry, pharmacy, biotechnology and bio-processing. Based on its stellar performance over the years, the Government of Maharashtra granted it the Elite Status and Centre of Excellence in the State Assembly on April 20, 2012.
ICT’s flagship event the "Biosimilar Workshop" is one of the largest gatherings of Biopharmaceutical Researchers in India. In its 4th year, the BSW has been organised to promote participation of professionals from biotech, biopharma, academia, and start-ups to promote rigorous learning and networking opportunities to discover new prospects and good alliances. The scientific program includes a wide range of topics, from cell line development, process development, biomanufacturing, regulatory science, clinical trials, and industry 4.0. This event will provide an opportunity to meet experts, professionals, academicians, and researchers from all over the world further opening doors to new practices or revising existing practices based on the work presented in workshops, poster presentations, and inspired thought processes by the leadership of the industry.
Dignitaries present at the felicitation ceremony included Prof. M. M. Sharma, Former Director, UDCT; Prof. Aniruddha Bhalchandra Pandit, Vice Chancellor, ICT; Prof. Y. K. Gupta, President, AIIMS – Bhopal and Jammu; Prof. S. S. Bhagwat, Dean, Academic Programmes, ICT; Dr. K V Surendranath, Sr. Vice President, USP; Dr. Ratnesh Jain, UGC Assistant Professor, ICT and Dr. Prajakta Dandekar Jain, UGC Assistant Professor, ICT. The event was witnessed by faculty members, students & alumni of ICT and industry peers.