|
TimeTech - Leader in New Drug Delivery Systems
In a span of five years, Timetech Formulations Ltd, with the technology of timed release formulations, has established a strong presence in the competitive market Pioneers in new drug delivery pellets technology and various timed release formulations, the company has excellent track record in domestic as well as foreign markets.
Promoted in 1996, the Hyderabad-based Timetech is the evolution of single minded obsession and long cherished desire of its managing di-rector GN Raju. Although an arts graduate. Raju worked in various pharmaceutical companies and gained over 16 years of experience.
At 34, the young and dynamic entrepreneur had scaled the heights and is looking beyond. A native of West Godavari district, Raju launched Timetech with an initial investment of Rs 10 lakh. Timetech became successful because the people behind it arc young technocrats with active involvement in the day to day functioning of the unit.
The company has a fully functional manufacturing facility at Kukatpally on the outskirts of the city. It strictly adheres to the WHO GMP specifications. Besides, it has one more division, Nutraids India, manufacturing food supplements.
Raju is assisted by company directors SI. Perumallu(operations), Ch Ganesh (marketing) and PAS Murthy (financial/material).The marketing activities and operations are taken care by vice-president Radhakrishna.
As part of the expansion programme, Timetech is all set for the launch of its sister concern, Spantech which will offer quality, technology, innovation in making blended pellets and timed release formulations for National and International markets. Timetech through its sister concern, Spantech India Limited, is planning to deliver fully integrated drug delivery solutions, including formulation and development studies, clinical and pharmacokinetic testing, product registration and manufacturing. The state-of-the-art facility of Spantech is also to he set up at Kukatpally.
The pharma industry is witnessing significant progress in novel drug delivery system for the last 30 years. For the manufacture of capsule dosage form, particularly for oral controlled drug release formulations, the sustained release pellets are used as a core.
Through better understanding of pharmacokinetics and low toxicity, the drug delivery has now come to he recognised as a means of optimising therapy with established drugs. Bioavailability can be enhanced by using the drug delivery systems. It can also enhance the therapeutic index of drugs.
The novel drug delivery system renders the patients increased efficacy, simplicity, safety compliance and comfort. For the healthcare providers, the system improves the cost effectiveness of drugs and treatment and acts as a key to gaining the market share in managed care. And for the pharma companies, it provides prolonged patent protection, creates new indications and enables launch of new products.
The novel drug delivery system (NDDS) has lot of advantages compared with the conventional tablet/capsule preparations. By preventing the peak plasma levels from exceeding the therapeutic range, the NDDS helps in reduction of adverse effects. It is also capable of preventing high localised concentration of a drug, thereby minimising gastric irritation.
It enhances patient compliance in reducing the frequency of dosage. By maintaining the blood levels in the therapeutic range from longer duration, the NDDS does the effective management of the disease condition. By avoiding the night-time dosage, the NDDS helps the patients, which otherwise could cause disturbance to them.
Timetech attaches primary importance to the maintenance of quality. By means of using best available resources, good product design, validated processes and effective quality assurance team, the company is taking care of all aspects of the process.
It has an in-built quality assurance system right from the raw material stage to the process of manufacturing, besides closely monitoring the drug release pattern of each batch. The company's primary aim of quality programme is at guaranteeing its customers a consistent degree of satisfaction with its products and the related services.
Under its innovative technology, Timetech is manufacturing and marketing various pharmaceutical formulations like antibiotics, anti-fungals, anti-allergics, anti-ulcerants, cardio protective drugs, NSADIS, nutritionals and antibacterials.
|