Begin marketing the drug

IIPM MANAGEMENT INSTITUTE

Today, the company has 250 employees working on all aspects of drug discovery, identification, synthesis, and testing. One compound, Yondelis, which is derived from a tunicate named Ecteinascidia turbinata, is close to receiving approval for treatment of soft-tissue sarcomas. Yondelis is also being studied for the treatment of ovarian, breast, and prostate cancer. Four other compounds are in earlier testing phases. And according to Cuevas, a handful more a re promising, though she says it’s too early to be specific.

“If we pass the European authorities and begin marketing the drug, this will be an important moment,” says Cuevas. “It’s important for the company, because it will be the first pharmacological drug that PharmaMar puts out on the market. It’s important for the marine-science community, because it will be the first marine cancer drug on the market. And in general, it will show that this isn’t a crazy idea, as people thought when Dr. Fernández-Sousa started. It will demonstrate that the sea can be an important source for new drugs.”

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Source : IIPM Editorial, 2007

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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Goldman strikes gold at casinos!!!

IIPM PUBLICATION

Billionaire financer Carl Icahn has agreed to sell his four Nevada casinos – including Stratosphere – to Goldman Sachs Real Estate fund for $1.3 billion. The deal also includes 17 acres stretch on the Las Vegas strip. Surprising is the fact that Icahn has decided to sell-off the strip an year after it fetched a record revenue of $6.69 billion, which is an 11% increase on the revenues clocked in 2005. However, the final nod for the deal might come in another eight months as it still needs to be approved by the Nevada Gaming Commission and the Nevada State Gaming Control Board.

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Source : IIPM Editorial, 2007

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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Soft drinks are hitting hard this summer...

IIPM MANAGEMENT INSTITUTE

It’s that time of the year when even the health freaks can’t resist a sip of the cola. Precisely the reason why it marks the beginning of the cola wars year after year. With last year’s pesticide controversy behind them, the cola giants are at it once again and this time the action is at full blast! Here’s a sneak peek into all the fizz that’s been unleashed.

Despite being badly bruised after the World cup debacle (the most expensive Blue Billion campaign had to be pulled out), Pepsi has not completely given up on the game. Its latest Pepsi Gold ad has a bunch of kids promising to get the World Cup next time. “Pepsi is committed to the game of cricket, regardless of winning or losing,” says Rohit Ohri, MD, JWT. On the other hand, Coca-Cola has been maintaining a safe distance from cricket and is loyal to its ambassador. The giant has a new tagline – ‘Sabka Thanda Ek’ – which is everything but a ‘burp’ and miss! “The new campaign strengthens the universal appeal of the brand among consumers,” says Venkatesh Kini, VP-Marketing, Coca-Cola India.

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Source : IIPM Editorial, 2007

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

The famed rivalry between the Ambanis and the Ruias

IIPM PUBLICATION

It didn’t help that (true or false), the famed rivalry between the Ambanis and the Ruias prompted many analysts to suggest that the ‘upstart’ Ruias had bitten off more than they could chew by taking on the formidable Ambanis. The Reliance patriarch Dhirubhai Ambani had for long nursed a vision about his Group straddling India’s infrastructure sectors like a colossus. In the mid 1990s, the Ruias boldly (and brashly?) announced that even they would hop in a straddle infrastructure; and that even they would be no less as a colossus. More specifically, Ambani had already started building one of the most integrated petroleum and petrochemical operations in the world. The Essars announced their grand intentions of barging into petroleum refining as well as oil and gas exploration.

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Source : IIPM Editorial, 2007

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Baking The Base

IIPM MANAGEMENT INSTITUTE

Elaborates Manveer Choudhary, President, FHRAI, “Expansion requires massive penetration, but what is more important is to have a strong base in QSR business, which lies in having suppliers on a fixed term basis.” A classic case is that of McDonald’s. The company has developed a strong supply chain in just six years, which has been one of the cornerstones of its success. Vikram Bakshi, MD, Mc- Donald’s reveals, “These suppliers are today an integral part of the cold chain... we source almost 90% of our products from within India.” The chain has not just roped in the best Indian suppliers, it has also introduced them to its global buyers. This has enabled McDonald’s to buy products from it’s suppliers at comparatively lower prices.

Fixed Indian suppliers also ensure that the QSR is able to maintain quality parameters at a lower cost. The $1.44 billion pizza major Domino’s Pizza, with 60 Indian suppliers, has been able to cut production costs significantly. “Having a strong Indian supply chain does help a lot in cutting down costs and at the same time, what becomes important is to have strong logistics,” divulges Ajay Kaul, CEO – Indian subcontinent, Domino’s Pizza. Well, a strong delivery model has helped pizza players like Domino’s & Pizza Hut steal the show with a steady growth rate of 50%, but Big Mac missed out big time on this model.

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Source : IIPM Editorial, 2007

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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Dreams passed over
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Privacy’s passé!

IIPM PUBLICATION

Blackstone CEO, Stephen Schwarzman, calls disclosures as a “tyranny of quarterly earnings”! But of late, PE firms seem to have decided to go public. Blackstone itself will offload a minority stake to the public in the near future, becoming the first PE company to do so. Josh Lerner, Professor, Investment Banking, Harvard Business School, states, “There are inherent problems with PE firms listed at exchanges... income of PE firms are realised at irregular intervals (only when the asset is sold).” This is perhaps one reason why KKR Private Equity Investor LP – a unit of KKR & Apollo’s AP Alternative Assets LP – is still trading below its debut price.

Well, it’s a case of ‘damned if you do, damned if you don’t’. Issues abound for PE firms as they go public, but at the same time, the opportunity to improve valuations is compelling. Besides, this would also help tackle transparency concerns better, even if that means confronting some ‘tyrannical’ disclosures!

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Source : IIPM Editorial, 2007

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Sikhism is nothing but spiritualism

IIPM MANAGEMENT INSTITUTE

Those who have tasted the kara parshad know what I mean. In fact, I would stand in the line twice over to get a double helping! Sikhism does not state “My God is the only God”, but that all Gods are the same higher being, known by different names. In fact, the Guru Granth Sahib reinforces that all humans are equal and that all religions preach simply a way of life that leads to Him. It even has many quotations from other scriptures like the Quran and the Bible. I think that Sikhism is nothing but spiritualism. I hope Sikhism remains free from the clutches of undamentalists (who exist in every religion), who misinterpret the scriptures and try and dictate to others how a religion should be followed and in the process lose its very essence.

I am very fortunate to be born into a Sikh family that has taught me that the most important religion in the world is Humanitarianism. Wishing you all a Happy Baisakhi.

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Source : IIPM Editorial, 2007

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative