Karnataka - Bangalore   

Biocon subsidiary, Swedish firm to develop virulence blockers

Special Correspondent

Bangalore: Syngene International Pvt. Ltd., a wholly-owned subsidiary of Biocon Limited and Swedish Innate Pharmaceuticals AB, have concluded a long-term research cooperation agreement to jointly develop, manufacture and market virulence blockers to counteract bacterial diarrhoeal disease.

Virulence blockers are a new class of drugs that could become an alternative to antibiotics. Clinical studies of therapeutic effect will be conducted over the next three years and a candidate drug will be developed. Virulence blockers disarm certain bacteria, rendering them incapable of causing disease, without affecting the body's normal bacterial flora.

"We are committed to developing virulence blockers as alternatives and complements to antibiotics. This effort is towards a new class of targets hitherto not exploited," said Goutam Das, chief operating officer, Syngene International Pvt. Ltd.

Can-Tax Saver Deposit

Canara Bank has launched Can-Tax Saver Deposit scheme to in line with the Union Government's aim of providing the public with yet another avenue of tax saving. Besides higher return on the deposit, under Can-Tax Saver Deposit scheme, the customer can get benefits of deduction from income up to Rs. 1 lakh under Section 80C of the IT Act. Minimum deposit under the scheme is Rs. 100 and in multiples of Rs. 100 thereafter.

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