A Gleam In Your Eye

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The wait for this one would not be very long! Come 2010 (or maybe sooner) and you can have eyewear (both contacts & goggles) that will change colour on their own. This eyewear will function on the electrochromics technology and will darken and lighten on its own, according to the intensity of the light. Meant to protect eyes from the harmful rays of the Sun, this innovative offering will save you from the trouble of changing into a pair of shades every time you step out. An extension of the technology is used for window panes. This gadget will definitely become one of the most sought after lifestyle accessory for the fashion struck individuals.

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Source : IIPM Editorial, 2007

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AstraZeneca must drive R&D

IIPM PUBLICATION

Carl Icahn has done it again... Another company caught unaware, another helpless Board crumbling under shareholder pressure & biotech firm MedImmune was taken (in just 2 months of his acquiring a small 1.2% stake in the firm)! On April 23, 2007, MedImmune sold off to AstraZeneca for a whopping $15.6 billion. The valuation represents a 20.83% premium over MedImmune’s previous closing share price of $48.01 (total premium of $3.44 billion), which raises a question on the logic behind the deal.

MedImmune has been bought at twice the relative sum (valued at 5.8 times the annual sales) as Germany’s Merck KGaA had bought Europe’s largest biotech firm Serono AG in 2006. But look at the string of failures that AstraZeneca had over just the past one year, and the step makes some sense. After spending a whopping $3.9 billion in R&D during 2006, it reported failure of all four late-stage drugs – Exanta (anti-blood clot), Galida (anti-diabetic), NXY-059 (stroke) & AGI-1067 (heart). Clearly, it needs additions to its pipeline.

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Source : IIPM Editorial, 2007

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

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The types of science parks here in Spain offer a new physical space to create better relationships between universities and companies

IIPM PUBLICATION

The Madrid Science Park (PCM in Spanish) was created in 2001 to promote technology transfer from the academic to the private sector. “These types of parks here in Spain offer a new physical space to create better relationships between universities and companies,” says its director, Antonio Díaz. There are already more than 45 companies in the park.

At the moment, eight biotechnology companies line PCM’s halls. With only a few employees each, the companies share office and lab space and have access to expensive equipment that would usually be out of financial reach at this early stage. In addition, the arrangement provides them with administrative assistance in developing their businesses. The most advanced research is led by Victor Rosas, head of Decantum Systems. Rosas has spent decades in academia developing a food safety test that quickly separates, for instance, fats and proteins in an animal’s liver. The tests, which can also detect illegal substances, are significantly less expensive and exponentially faster than techniques used today in food safety. The company is already selling the first kits to a handful of regions in Spain before beginning to market them internationally.

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Source : IIPM Editorial, 2007

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

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Conscience vs Science

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When modern ideals are thrust into a country that prides itself for its high morals, people across the country get enraged, and today, sex education is one such topic. In spite of more than 0.5 mn children in India suffering from AIDS and 53% of sexual abuse victims between 5-18 years, the matter’s still debated. The conservatives are resisting discussing the ‘taboo’ issue with kids, and schools in Maharashtra, Madhya Pradesh and Karnataka have banned sex education as a subject for students. The pictures portraying the anatomy of the human body were likened to pornography and the activists felt that such exposure would encourage children to be sexually active.

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Source : IIPM Editorial, 2007

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

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