Karnataka   

Manipal varsity honorary doctorate for Ajit Shetty

MAKING A POINT: Ajit S. Shetty speaking at Manipal University after receiving the honorary doctorate in Manipal on Sunday

Manipal: Manipal University, at its Special Convocation, conferred honorary doctorate on Chairman and Managing Director of Janssen Pharmaceutica N.V. Beerse of Belgium Ajit S. Shetty, here on Sunday.

Speaking after receiving the doctorate, Mr. Shetty said that in spite of major breakthroughs and advances in medicine and pharmacy, there were huge challenges in the field. These challenges would force the researchers to re-think on the model being followed and its relation with the industry, academia, Government, and healthcare providers. The first challenge was raising R&D costs as opposed to limited public health resources. The cost of introducing a drug to the market was over one billion dollars and it was pushing up the prices of medicines. But healthcare insurance budgets were under pressure, he said.

Printer friendly page  
Send this article to Friends by E-Mail

Stories in this Section

Karnataka and Kerala heading for major shortage of chemical fertilizers
ABVP against mandatory B.Ed. plan for college lecturers
A brave effort to keep the heritage alive
Students put up an adventurous show
Farmer ends life
A historical prison finds a new use
Protests continue
Serious issue
Water project: samiti threatens to foil Tamil Nadu’s plan
Manipal varsity honorary doctorate for Ajit Shetty
Power supply disruption
‘Provide stop near Herohalli cross’
Correction
Health camp
Elected
Heavy damage

Copyright © 2008, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu