Mutual Funds Commodities Research Tax Planning IPO
Google
Web www.equitybulls.com
Union Budget
Budget 2010-2011 Home
Industry Expectations - Budget 2009-2010
Industry Reactions - Budget 2009-2010
Budget 2009-2010
Budget 2009-2010 Home
Industry Expectations - Budget 2009-2010
Industry Reactions - Budget 2009-2010
Interim Budget 2009-2010 Home
Industry Expectations - Interim Budget 2009
Budget 2008-2009
Railway Budget 2008-2009
Industry Expectations - Budget 2008
Union Budget 2008-2009
Highlights of Budget 2008-2009
Summary of Budget 2008-2009
Industry Reactions - Budget 2008
Contributor's Corner
Bonanza Portfolio
Hemant K Gupta
Krish Bhatt
S A A R T H I
Trinity Investments
Exchange Information
BSE 2009 Holidays
NSE 2009 Holidays
Investor Guide
Depository & Dematerialisation
Grievance Redressal
Investor Guide
SEBI
Trading of Securities
Transfer of Securities
Your Rights
IPOs
Current IPOs
Past IPOs
IPO Subscription
Mutual Funds
Gold Exchange Traded Fund
MF Unique Holding
Forthcoming Dividends
ELSS Schemes Comparison
Tax Plans
New Fund Offers
Research
Arbitrages
Equity
Market Whispers
Tax Planning
Home
Equity Linked Savings Scheme
Post Office MIS
9% GOI Senior Citizens Savings Scheme
8% Savings (Taxable) Bonds
Kisan Vikas Patra
National Savings Certificate
Public Provident Fund
Industry News

| More
Pharma Companies eye fast growing Nicotine Replacement Therapy Segment

New Delhi - Pharma majors including Elder, Sun, Pfizer, Cipla and GSK are setiing their eyes on onto the fast growing Rs 720 crore market for smoking cessation products or nicotine replacement therapy (NRT) products in the country.

World wide NRT is used for cessation of cancer-causing habit of tobacco chewing (esp. gutkha) and tobacco smoking (cigarettes and bidis). NRTs are engineered to work on the brain and the nervous system to curb nicotine dependence. NRT supplies controlled levels of nicotine that allow one to gradually reduce intake of tobacco.

Presently smoking cessation products come in a variety of delivery modes like transdermal patches, chewing gums, inhalers, nasal sprays and lozenges. Leading companies in India in this segment are Elder , Sun Pharmaceuticals, Pfizer, Cipla and GSK.

Recently Elder Pharmaceuticals Ltd has entered into an exclusive manufacturing tie-up with M/s Gelnova Laboratories of Navi Mumbai to introduce for the first time in world NRT products in pastille form. Pastilles are hard jelly like preparation in cube shape which is a mixture of glycerin and gelatin to which medicament is added. Pastilles release active substance in a finely distributed way that gets absorbed directly into the bloodstream.

Launched on World No Tobacco Day (31st May 2010) under the brand name of Elder NRT, the product is a joint collaborative effort of Elder Pharma's R & D division and Gelnova.

According to Mr Alok Saxena ,Director, Elder Pharmaceuticals Ltd "The acceptance of NRT products growing - slowly but steadily - in India. NRT is currently being promoted through medical practitioners, chest physicians and dentists .Elder has launched NRT Pastilles, with state-of-the art, patented technology in three strengths viz. NRT -1mg, NRT - 2mg and NRT- 4 mg. NRT Pastilles come in two flavors - Mint flavor for Tobacco smoker and Pan Masala flavor for Tobacco chewer.

NRT Pastilles are distinctly superior to conventional products as the primary material for pastilles comes from natural sources and use no preservatives and are sugar-free. NRT is also suited for persons on move as NRT Pastilles do not need water to be taken simultaneously. NRT Pastilles retain the flavor for longer time than conventional products. It takes around 30-40 minutes for the pastille to dissolve totally in the mouth.

Globally, US $ 1.6 billion worth of smoking cessation products were prescribed during 2009. Apprx. 6 million people die each year worldwide because of smoking and tobacco related diseases, according to the World Health Organization. One billion men and about 250 million women use tobacco every day around the world. In India, tobacco use causes nearly 40 percent of all health problems and 50 percent of all cancers. Nearly 17 percent of students in India, aged 15 and under, use some form of tobacco, mainly cigarettes, according to a survey conducted by the World Health Organization.

Adds Saxena, "We estimate the market size for NRT products to be about Rs 720 crore of which the prescription based segment should be worth about Rs 200 crore and the balance comprising of non-prescription, OTC (Over the Counter) products which are also sold through unorganized sales channels like paan shops etc."

Source: Equity Bulls

Posted On: 6/26/2010 12:10:04 AM

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Automobile August Sales Update - PINC Sector Report
Steel Sector - PINC Event Update
INDIAN TELECOM: 1QFY11 aggregate AGR up 4% QoQ; GSM incumbents strong; Tata Tele, PSUs lose market share
Wynn Telecom Signs an exclusive agreement with 160by2
Plant & Machinery Manufacturers oppose any Anti-dumping probe on Imports of Hot Rolled Flat Products
Infrastructure Investments pegged at Rs 6.3 Trillion for next Five Years
Capital goods makers up against anti dumping duty on stainless steel
Global corn scenario by Way2Wealth
NYCEDC inducts Pradeep Jain as new member of New York City Financial Services Advisory Committee
IFC Helps Andhra Pradesh State Expand Affordable Health Care Services
Nissan ramps up dealer network across India with 5 new delaerships
Petrotech Society unanimously elects Mr. Naresh Kumar as President for Fourth Consecutive Term
Equirus Capital joins the Clairfield international partnership
Govt opens debate on FDI in multi-brand retail - Step in the right direction
IFC Helps Mizuho Corporate Bank Mobilize Financing for Transmission Project in India
AppLabs Vice President Kalyana Rao will be plenary speaker of STEP AUTO Conference
Indian Businesses use Social Networks to win new business successfully
CII Logistics to organize Auto SCM 2010 on 14-15 July 2010, at Hotel Le Royal Meridien, Chennai
ETP International expands partnership with Lawson Software
Pharma Companies eye fast growing Nicotine Replacement Therapy Segment
Indian Government earns whopping Rs.67718.95 Crores from Auction for 3G Spectrum
Paras Buildtech starts construction of Paras Tierea
SapientNitro establishes footprint in Middle East, opens Dubai Office
Tata BP Solar expands capacity by 62% to serve growing Solar Market in India
Realty Plus announces Excellence Awards 2010 for Real Estate
Managed Services in Telecom: 4.2 Billion Dollar business opportunity
IMImobile launches data services for Ncell in Nepal
RE/MAX to deploy World's Leading Real Estate Technology Platform in India
IMImobile and IL&FS Education partner to launch "English Seekho" on Mobiles
The first ever 'Asia Competitiveness Forum' to be held in New Delhi on April 28 – 29, 2010
Luminous forays into mobile-phone market with launch of 'Wynncom' as flagship brand
BEE launches National Awareness Programme on Standards and Labeling for Air Conditioners
Weston launches 'FIREBALL99', Flatt Colour Television
Thrust to enhance digital technology to facilitate National Security
Bhartiya Samruddhi Finance Limited join hands with micro Home Solutions
Opus Software Solutions selected as a System Integration Partner for Western Union's Mobile Money Transfer Service
Genius Card Launched In Mumbai
19% salary hikes projected for Internet and Mobile Industry reveals IAMAI and Mafoi study
Lilliput Kidswear showcases Exclusive Spring - Summer Collection at the Kids' Fashion Show
Oceanic Consultants opens offices in Bengaluru and Mysore
Pratham Software stages successful show at INDIASOFT 2010
Aviva introduces unique online insurance calculator 'Aviva Educost'
Re-feel opens 100 stores
eBay India ties up with Adidas, Reebok & Puma for official IPL merchandise
SatNav Technologies launches "SatGuide" mascot for its range of GPS-based products
Servion Expands Operations in Thailand
Microfinance Institutions Network to ensure responsible lending
Sharp Decline in Domestic Sugar Prices - Sanjay Kaul, MD&CEO, NCMSL
Shining Consulting brings together top CEOs of India Inc for the world's first-ever CEO Painting Exhibition
Mayfield India Fund and SIDBIVenture invest Rs 50 crore in Fourcee Infrastructure Equipment Pvt. Ltd


  

Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2010