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TAKE solutions ties up with Korean Pharma major

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CIOL Bureau
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CHENNAI, INDIA: TAKE Solutions Ltd, a provider Supply Chain Management (SCM) and Life Sciences products, today announced that it has entered into a major deal with the leading South Korean Pharma major, IL – Yang Pharm Co Ltd. TAKE Solutions would be providing IND (Investigational New Drug) submission services to the Pharma giant.

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The purpose of the IND Submission is to gain FDA (Food and Drug Administration) non-objection to studying the investigational agent in humans, said a press release.

The IND submission must include, sufficient pre-clinical data, including toxicity data; details of the chemistry, manufacturing and controls to provide adequate quality control information for the production of the agent and to describe the mechanism of action of the agent; background and rationale for intended clinical use and proposed protocol for Phase I human use.

The time taken to prepare and submit a well-designed, well-executed IND submission cannot be underestimated.

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From the time a company has a genuine clinical candidate, it can typically take at least a two-year time frame to gather sufficient information to file an IND and submit it to the FDA.

Companies that devote methodical, systematic attention from day one move far more efficiently toward clinical trials than companies that delay.

L Ramesh, vice president, sales, Life Sciences APAC, TAKE Solutions said, “Our reworked strategy towards focusing on the Asia Pacific region has received a major boost with IL - Yang Pharma, a 50-year-old company, who have been exporting Pharma Products to over 30 countries including US and Europe.”

He added that as a part of the deal, they would also represent them in the US FDA as their local agent, which further underlines our global credentials and expertise in the Life Sciences space. It is also a tangible proof of the commercial viability and success of their technology solutions, which are designed, keeping in mind the needs of their clients.

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