Arvind Remedies Ltd (ARL) a leading producer of branded and generic pharmaceutical products has signed a Memorandum of Understanding (MoU) with four institutions namely Banaras Hindu University, Adesh University, SRM University and Genome Foundation to the manufacture and market medicines from botanical source.
Under the agreement, Arvind Remedies and the institutions together have developed and patented medicines which are useful for the treatment and management of Neurodegeneration disorder (like alzheimer, parkinson) and Neuropsychiatric disorders (like depression). The said medicines have been patented in India, USA and Europe.
The agreement was signed by the four institutions in December 2012,to do the research from their respective fields and since then continuous research and developmental activiites were taking place.
On the occasion of the signing of the MoU Dr. Arvind B Shah, MD and CEO Arvind Remedies Ltd said "We are very excited about the MoU as it will help us to enhance our product portfolio and also improve our revenue in the near future."
Distinguished Professor G.P.Dubey said, "The modern medicines have side effects, but medicines from botanical source are not only economical but are free from side effects."
The event at BHU Varanasi was attended by Institutional officials like Dr. Lalji Singh, Managing Director of Genome Foundation and the Vice Chancellor of BHU, Prof. G.S. Yadav, Registrar of the University, Anand Shah, Vice President of Arvind Remedies Ltd., (Lt. Col.) G.P.I. Singh, Vice Chancellor of Adesh University, and Ponnawaiko, Vice Chancellor of SRM University, Tamil Nadu.
