Troikaa Pharmaceuticals Explained

Troikaa Pharmaceuticals Ltd.
Type:Private
Foundation:1983
Founder:Mr. Rajni V. Patel
Location City:Ahmedabad, Gujarat
Location Country:India
Area Served:Worldwide
Key People:
  • Dr. Ketan R. Patel (Chairman & managing director)
  • Mr. Milan R. Patel (Joint Managing Director)
Industry:Pharmaceuticals
Products:Pharmaceuticals, Branded and Generic drugs,
Num Employees:2300+ (2019)

Troikaa Pharmaceuticals is an Indian multinational pharmaceutical company headquartered in Ahmedabad city of Gujarat, India.[1] It is a public unlisted company and is classified as company limited by shares.[2] [3]

History

Troikaa Pharmaceuticals limited was established in 1983 in Ahmedabad, Gujarat by Rajni V. Patel, one of the few pharmacy graduates, of the first batch of L. M. College of Pharmacy, Ahmedabad in 1950. Ketan R. Patel is the current Chairman & Managing Director of the company. According to article, he was named as “India’s pain killer” for inventing world's first painless diclofenac injection, which helps alleviate acute pain and inflammation. Milan R. Patel is Joint Managing Director of the company.

In May 2020, Troikaa received US Patent for one of its products 'Dynapar QPS'.[4]

Operations

Troikaa has three manufacturing facilities in Gujarat and Uttarakhand certified by ISO 9001:2000 and WHO GMP (The World Health Organization for following Good Manufacturing Practices). Company has six marketing divisions & strength of more than 2300 employees. Company has presence in more than 70 countries.[5]

Troikaa secures its innovations related to Novel Drug Delivery systems through Patent co-operation treaty in more than 100 countries of the world.[6] [7]

Litigation

In 2016, Troikaa Pharmaceuticals filed petition in Delhi High Court seeking license cancellation of Diclofenac Sodium Injection 75 mg/ml, manufactured by Themis Medicare Pvt Ltd and marketed by Novartis India Ltd. under the brand name Voveran 1ml.[8] [9]

Troikaa Pharmaceuticals claimed that the diclofenac sodium 75 mg/ml injection contained Transcutol-P which caused damage to the kidneys. In July 2018, India's Drug Regulator canceled the license granted to M/S Themis Medicare for the sale of Diclofenac injection 75 mg/ml containing Transcutol-P.[10] [11]

In 2012, Troikaa Pharmaceuticals suits a patent infringement in Ahmedabad district court against Ahmedabad-based Lincoln Pharmaceuticals and Delhi-based Akums Drug & Pharmaceuticals Ltd, saying the two companies had infringed upon its patented high concentration, low viscosity diclofenac injection. The case was continued by Gujarat High Court and ordered to Akums Drugs not to infringe as per the patent specification and dismissed Lincoln Pharma's appeal.[12]

In 2008, Troikaa filed a suit for infringement of design against a company manufacturing D’ shaped tablets. The company had challenged that Troikaa's D-shaped tablet registration was invalid. The suit was transferred to the High Court of Gujarat and later in its first case under the Designs Act, the High Court decided in favor of the Troikaa.[13]

Awards & honors

Notes and References

  1. Web site: National Technology Day Celebration . pib.nic.in.
  2. News: Das . Sohini . Drug cos bet on NDDS for better price, market share . Business Standard India . 1 October 2014 . 19 October 2023 . 17 June 2019 . https://web.archive.org/web/20190617053805/https://www.business-standard.com/article/companies/drug-cos-bet-on-ndds-for-better-price-market-share-114100101320_1.html . live .
  3. Web site: Troikaa’s Dynapar QPS bags National Award . BPD . 10 June 2015 . 19 October 2023 . 17 June 2019 . https://web.archive.org/web/20190617053807/http://www.expressbpd.com/pharma/pharma-life/troikaas-dynapar-qps-bags-national-award-2/82613/ . live .
  4. Web site: Correspondent . Special . Troikaa Pharma receives U.S. patent for Dynapar QPS . The Hindu . en-IN . 21 May 2020 . 19 October 2023 . 12 June 2020 . https://web.archive.org/web/20200612103800/https://www.thehindu.com/business/troikaa-pharma-receives-us-patent-for-dynapar-qps/article31644286.ece . live .
  5. Web site: Reporter . B. S. . Troikaa Pharma gets patent approval for Dynapar AQ in CIS . Business Standard India . 13 September 2010 . 19 October 2023 . 17 May 2021 . https://web.archive.org/web/20210517102709/https://www.business-standard.com/article/companies/troikaa-pharma-gets-patent-approval-for-dynapar-aq-in-cis-110091300033_1.html . live .
  6. Web site: Reporter . B. S. . Troikaa Pharma commences work on Sanand plant; to make Dynapar . Business Standard India . 22 May 2015 . 19 October 2023 . 30 August 2019 . https://web.archive.org/web/20190830094152/https://www.business-standard.com/article/companies/troikaa-pharma-commences-work-on-sanand-plant-to-make-dynapar-115052201828_1.html . live .
  7. News: Reporter . B. S. . Troikaa gets Australian patent for Dynapar AQ . Business Standard India . 2 December 2009 . 19 October 2023 . 30 August 2019 . https://web.archive.org/web/20190830095648/https://www.business-standard.com/article/companies/troikaa-gets-australian-patent-for-dynapar-aq-109120200034_1.html . live .
  8. News: Raghavan . Prabha . Indian pharma company may sue drug controller over safety of Novartis painkiller . The Economic Times . 19 May 2016 . 19 October 2023 . 1 August 2017 . https://web.archive.org/web/20170801172444/http://economictimes.indiatimes.com/industry/healthcare/biotech/pharmaceuticals/indian-pharma-company-may-sue-drug-controller-over-safety-of-novartis-painkiller/articleshow/52347842.cms . live .
  9. News: Thacker . Teena . Drug regulator orders recall of Novartis’s painkiller diclofenac . livemint.com . 11 July 2018 . en . 19 October 2023 . 13 August 2022 . https://web.archive.org/web/20220813122633/https://www.livemint.com/Companies/Pq4oCrhPUFB2kdRbHsUrvK/Drug-regulator-orders-recall-of-Novartiss-painkiller-diclof.html . live .
  10. News: India . Press Trust of . Drug regulator cancels licence for Diclofenac sold by Novartis . Business Standard India . 12 July 2018 . 19 October 2023 . 17 June 2019 . https://web.archive.org/web/20190617053859/https://www.business-standard.com/article/pti-stories/drug-regulator-cancels-licence-for-diclofenac-sold-by-novartis-118071201086_1.html . live .
  11. Web site: 'Novartis, Themis use unsafe ingredient' - BUSINESS & ECONOMY - News News Syndication Content Syndication . dnasyndication.com . 2023-10-19 . 2023-10-20 . https://web.archive.org/web/20231020100111/https://dnasyndication.com/ . live .
  12. News: Dutta . Vishal . HC grants relief to Troikaa in patent case; restrains two firms from selling Dynapar injections . The Economic Times . 30 April 2012 . 19 October 2023 . 20 October 2023 . https://web.archive.org/web/20231020100111/https://economictimes.indiatimes.com/industry/healthcare/biotech/pharmaceuticals/hc-grants-relief-to-troikaa-in-patent-case-restrains-two-firms-from-selling-dynapar-injections/articleshow/12934339.cms?from=mdr . live .
  13. Web site: Reddy . Prashant . Gujarat High Court grants interim injunction in Designs Case . SpicyIP . 2023-10-19 . 2021-01-31 . https://web.archive.org/web/20210131132045/https://spicyip.com/2008/08/gujarat-high-court-grants-interim.html . live .
  14. Web site: Technology Development Board 20th Annual Report 2015-16 . tdb.gov.in . Govet of India . 2023-10-19 . 2022-07-09 . https://web.archive.org/web/20220709060901/http://tdb.gov.in/wp-content/uploads/2016/11/Annual-Report-2015-16.pdf . live .
  15. Web site: National Technology Day Celebration . pib.nic.in . 2023-10-19 . 2016-08-20 . https://web.archive.org/web/20160820033924/http://pib.nic.in/newsite/PrintRelease.aspx?relid=121547 . live .
  16. Web site: Troikaa bags recognition from Govt of India . BPD . 1 March 2018.
  17. News: Troikaa wins award for IP Excellence . . Zee Media . 12 Dec 2018 . Ahmedabad . 4.
  18. News: Troika receiving the IPA-ACG innovation in Solid Dosage form Award . July 2015 . Pharma Times . 7 July 2015 . Ahmedabad . 9.
  19. Web site: DSIR : Department of Scientific and Industrial Research . www.dsir.gov.in . 2023-10-19 . 2023-09-14 . https://web.archive.org/web/20230914142150/http://www.dsir.gov.in/#files/tpdup/irdpp/award08.htm . live .

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