Category: India

Bharat Serums and Vaccines applies its product portfolio to Covid-19

Indian biopharma company appraises two existing products and new antibody for therapy.

Advent portfolio company Bharat Serums and Vaccines (BSV) has launched an effort to determine which of its medications could help patients infected with Covid-19.
Two currently marketed therapies – Utryp and Alveofact – may provide supportive therapy to patients with coronavirus disease.
UTryp (Ulinastatin) is a serine protease inhibitor that reduces the pro-inflammatory response as a result of sepsis, acute pancreatitis, trauma or surgery. Alveofact, a natural pulmonary surfactant, is typically used in patients with respiratory distress syndrome.
BSV is also looking at a novel therapeutic polyclonal antibody, which could be evaluated for its benefits to some Covid-19 patients. The company aims to speed up the evaluation and approval process to as little as six months by seeking approval from authorities to move ahead with clinical development.
In a parallel initiative, the company has been educating Indian doctors on some of the emerging Covid-19 therapies that are being developed around the world, leveraging global experts as knowledge partners.
Founded in 1971, BSV is one of India’s fastest-growing biopharmaceutical companies. The company researches, develops, manufactures and markets biological, pharmaceutical and biotech products. It has more than 900 employees and is headquartered in Mumbai.

Manjushree distributes food and hygiene products in India

Manjushree repurposes production lines to focus on sanitizer and donates food to migrant labourers.

Sanitizer bottles donated
Manjsuhree is India’s leading designer and manufacturer of plastic packaging. When the Coronavirus hit and the need for sanitizing products became apparent, the company immediately repurposed its production lines across the country to focus on the manufacture of the bottles needed for hand sanitizer. The company has also partnered with the local authorities in the areas in which it operates to supply sanitizer bottles to local communities. In Bommasandra alone, an area close to its main production facility, the company donated 10,000 bottles for distribution in the local area.
As well as helping in the drive to provide sanitizer bottles, the company has embarked on a countrywide series of Covid-19 initiatives which includes the distribution of more than 1,000kg of emergency food aid to deprived communities across its operations.
To help its local communities in other ways, a donation from Manjushree’s plants in Amritsar, Punjab and Pantnagar and Uttarakhand, has helped the Red Cross provide sanitisers, essential medical aid and N95 masks to care givers in local hospitals.
Manjushree is the Indian leader in the rigid plastic packaging space today, with a network of advanced design and production facilities across the Sub-Continent serving every fast-moving consumer goods (FMCG) vertical.

Advent teams up with Indian portfolio partners against Covid-19

Relief Fund pledges support to social initiatives and emergency programs driven by local companies.

Cooked meals provided nationwide
Advent has committed funds to a wide range of relief programs in India – both directly and through our portfolio companies.
A portion of the funds have been earmarked for organizations that provide economic aid and healthcare support for those affected by the outbreak. Both are critical in a nation where 80% of the workforce are casual workers on a daily wage, and where many medical workers still lack the appropriate protective gear.
The remainder of the budget has been allocated to Advent portfolio companies for their own initiatives. Prioritizing these was a deliberate decision in order to support the employees of our portfolio companies and their home communities. It enables funds to be distributed effectively at a very local level by leveraging our companies’ infrastructure and contacts in the communities in which they operate. Further detail can be found in the portfolio section of this website.
Charity Initiatives
Four organizations were selected to receive direct funding – including food charity Akshaya Patra. The organization is providing Covid-19 relief on a nationwide scale, supporting the needy with 10 million cooked meals and 500,000 grocery kits.
A further donation was allocated to the Delhi-based NGO Seeds India, which is running Covid relief efforts in ten states across India. The charity is distributing dry rations and hygiene kits and providing direct financial support for casual workers.
Purplle, an online cosmetics retailer, is receiving Advent funds to support the manufacture of protective masks, PPE kits and hand sanitizers for frontline workers. The company has partnered with leading Indian NGOs for last-mile delivery of the supplies to those who need them.
Arpan, India’s largest NGO dealing with the problem of child sexual abuse, also receives a grant. Since the start of the pandemic, it has extended its free counselling services to provide advice and support for those affected by Covid-19, and has supported 750 families with ration kits.

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