Daily Archives: October 19, 2019

Centrient Pharmaceuticals Initiates a Second Patent Litigation in India Against Dalas Biotech Limited

Centrient Pharmaceuticals (“Centrient”), the global leader in the production and commercialisation of sustainable, enzymatic antibiotics, next generation statins and anti-fungals, announced that it has filed a second lawsuit against Dalas Biotech Limited (“Dalas”) for patent infringement

ROTTERDAM, The Netherlands, Oct. 18, 2019 (GLOBE NEWSWIRE) — Centrient Pharmaceuticals announced that on October 14th 2019, its wholly owned subsidiary, Centrient Pharmaceuticals India Private Limited, filed a second lawsuit against Dalas Biotech Limited in the High Court of Delhi in New Delhi, India for patent infringement of Indian Patent Number 318914. This patent, which is owned by Centrient, claims an innovative enzyme for use in a process for manufacturing the amoxicillin trihydrate active pharmaceutical ingredient. By its complaint, Centrient seeks compensation for damages and a permanent injunction to prevent the infringing manufacture, use, sale in India and exportation out of India of Dalas’ active pharmaceutical ingredient containing amoxicillin trihydrate produced by an enzyme that amounts to infringement of Indian Patent No. 318914.

Karl Rotthier, CEO at Centrient said: “After having previously filed patent litigation against Dalas Biotech for patent infringement in India related to a process for the enzymatic manufacture of amoxicillin trihydrate, Centrient now furthers it enforcement actions by filing this second infringement action related to the innovative  enzyme used in that process.  Centrient will continue to rigorously enforce its IP assets worldwide against any additional potential infringers in India or abroad.”

About Centrient Pharmaceuticals

Centrient Pharmaceuticals is the leading manufacturer of beta-lactam antibiotics, and a provider of next generation statins and anti-fungals. We stand proudly at the centre of modern healthcare, as a maker of essential and life-saving medicines.

With our commitment to Quality, Reliability and Sustainability at the heart of everything we do, our 2700 employees work continuously to meet our customers’ needs. We work towards a sustainable future by actively participating in the fight against antimicrobial resistance.

Founded 150 years ago as the ‘Nederlandsche Gist- en Spiritusfabriek’, our company was known as Gist Brocades and more recently DSM Sinochem Pharmaceuticals. Headquartered in Rotterdam (Netherlands), we have production facilities and sales offices in China, India, the Netherlands, Spain, Egypt, the United States and Mexico. Centrient Pharmaceuticals is wholly owned by Bain Capital Private Equity, a leading global private investment firm.

For more information please visit www.centrient.com or contact Centrient Pharmaceuticals Corporate Communications, Alice Beijersbergen, Director Branding & Communications. E-Mail: alice.beijersbergen@centrient.com

Forward-looking statements
This press release may contain forward-looking statements with respect to Centrient Pharmaceuticals’ future financial performance and position. Such statements are based on current expectations, estimates and projections of Centrient and information currently available to the company. Centrient cautions readers that such statements involve certain risks and uncertainties that are difficult to predict and therefore it should be understood that many factors can cause actual performance and position to differ materially from these statements. Centrient has no obligation to update the statements contained in this press release, unless required by law. The English language version of the press release is governing.

Listed firms’ awards to be announced in November

Hanoi Nearly 40 listed companies on Vietnam’s two local exchanges will be honoured at the Best Listed Companies Awards 2019 in November.

They will be finalists selected from the total 700 listed businesses on the Ho Chi Minh and the Hanoi stock exchanges.

They will compete for best annual report, best corporate governance report and best sustainable development report.

According to the organisers and scoring unit, large-cap firms have performed well this year and mid-cap companies have made some improvements.

Some outstanding firms include brewer Sabeco, HDBank, PetroVietnam Drilling and Well Services, and retailer Digiworld. However, small-cap firms have shown little progress.

Last year, insurer Bao Viet was named in all three categories of best annual report, best sustainable development report and the best corporate governance report./.

Source: Vietnam News Agency

Listed firms’ awards to be announced in November

Hanoi Nearly 40 listed companies on Vietnam’s two local exchanges will be honoured at the Best Listed Companies Awards 2019 in November.

They will be finalists selected from the total 700 listed businesses on the Ho Chi Minh and the Hanoi stock exchanges.

They will compete for best annual report, best corporate governance report and best sustainable development report.

According to the organisers and scoring unit, large-cap firms have performed well this year and mid-cap companies have made some improvements.

Some outstanding firms include brewer Sabeco, HDBank, PetroVietnam Drilling and Well Services, and retailer Digiworld. However, small-cap firms have shown little progress.

Last year, insurer Bao Viet was named in all three categories of best annual report, best sustainable development report and the best corporate governance report./.

Source: Vietnam News Agency

Work needed to improve quality of legal documents

Hanoi Measures must be taken to improve the quality of Vietnam’s legal documents, said policy researchers and businesses at a conference on October 17 in Hanoi.

Participants urged policymakers to improve feasibility, logic and consistency to avoid half-baked regulations that unnecessarily complicated business operations or even contradicted existing laws.

A major sticking point in the process of policy-making has been a lack of transparency and feedback from parties that are affected by those policies, said legal experts. As a result, many legal documents were produced without a comprehensive evaluation of the potential socio-economic impacts they could have.

The quality of legal documents has a significant impact in strengthening businesses’ ability to compete, along with consumer experience, said Dau Anh Tuan, head of the legal department under the Vietnam Chamber of Commerce and Industry (VCCI), the conference’s organiser.

Policymakers must aim to remove legal barriers on market integration, to ensure trade liberalisation and to fight the influence of interest groups, Tuan said.

Compiling documents which impact the entire society and business sector must not be fast-tracked, and must gather feedback from all affected parties.

Mark Grillin, head of the Vietnam Business Forum’s tax and customs working group, said policymakers’ first priority in drafting a legal document is to identify its objectives.

Contingencies and alternatives should be carefully studied to maximise effectiveness.

They must work together with affected parties to ensure a good understanding of how legal document would impact their activities. Close cooperation between policymakers and affected parties will help to produce policies that do not favour certain groups at the expense of everyone else.

The list of affected parties must also be expanded to include other stakeholders in supply chains and supporting industries, not just primary players.

The transparency of tax-related legal documents is a matter of utmost importance, said Nguyen Tien Vy, vice-president of the Vietnam Beer and Beverage Association.

Vy quoted a study conducted by the Central Institute of Economic Management that showed a change in the country’s tax law would affect not just the beverage industry but also its 21 supporting industries and millions of consumers.

Below-par legal documents are also a hurdle to overcome as the country pushes for further integration into the global economy with numerous international trade agreements./.

Source: Vietnam News Agency

Seminar talks Vietnam business development in Sydney

Sydney The Vietnamese Entrepreneurs Association in Sydney (VEAS) held a seminar on start-ups, governance and business development in Sydney on October 19.

Speaking at the annual event, Chairman of the Black Sheep Capital � one of the leading investment funds of Australia, Dan Gavel, said he has seen many potentials from the Vietnamese market, especially in logistics and technology.

He also advised firms to firmly grasp risk governance skills to secure success.

VEAS Chairman Nguyen Ba Luan expressed his wish that the event would help connect Vietnamese enterprises in Sydney with Sydney counterparts that want to invest in Vietnam.

He also announced the signing of a cooperation agreement between the VEAS and the Hanoi Young Business Association with an aim to jointly holding events, admitting more members and developing business operations for Vietnamese enterprises in both countries.

Founded in February 2018, the VEAS looks to uphold the ability of Vietnamese firms in Sydney, contributing to the economic partnership between Vietnam and Australia./.

Source: Vietnam News Agency