Healthcare major Apollo Hospitals today collaborated with global pharmaceuticals firm Sanofi to provide diabetes care programmes through the Indian healthcare major's Apollo Sugar Clinics.
The outlay of the company for the first 50 clinics that will be set up by the end of this year, is set to be Rs 200 crore, says Prathap Reddy, Chairman - Apollo Hospitals, adding that another 100 clinics will be set up in 2015.
Through this partnership, Apollo and Sanofi plan to leverage their respective expertise in diabetes to provide patients with access to comprehensive educational resources, treatment and care programmes for better management.
Apollo Hospitals is looking at investments for clinics from Sanofi too, adds Reddy in an interview with CNBC-TV18.
Below is the verbatim transcript of the interview:
Q: Can you tell us exactly what the two companies together are going to do?
A: We are trying to bring the best outcome for patients with diabetes. The sugar clinics are meant to bring a holistic approach for individuals with diabetes because diabetics and noncommunicable diseases (NCDs) are a huge threat; I called as a pandemic that is facing the world and India, developing and under developed countries for them it is much bigger problem. 36 billions deaths per year, USD 30 trillion by 2030 is a terrible thing. This is why we believe whatever we promised 30 years ago to bring the care of international standards for our people, is one thing.
But what we really look at is the new threat that India is facing and that we are the diabetic capital of the world, we are cancer capital of the world and heart capital of the world. For diabetes we would like to see how we can make diabetes disease free. This is where Sanofi with 100 years of experience; they are going to give the global experience to us in creating a unique clinic model so that patient will able to have total assessment of his clinical status and what ever is needed it's a cardio logical problem is there to attain it early or a neurological problem or veins problem.
This is where this is going to be unique model where it's not going to be just control of his blood, sugar but to be able to control or manage these diseases.
Q: Will Sanofi or Joslin bring in expertise only or will they also be bringing in some degree of capital and really what is the capital outlay for setting up such 50 clinics?
A: In collaboration with Sanofi we are also looking at they co-investing with us but that does not stop us. That is going to take formalities of investment so on and so forth. They are already with us in building these clinics. The training is going on and whatever other product development is required is happening.
Joslin is not investing now. Joslin is now joining us only in training the doctors and giving us modules in helping diabetes disease free and most importantly in the research angle.
Q: What do you expect Apollo Hospitals' outlay will be in setting up these 50 clinics?
A: We are thinking around Rs 200 crore for the first 50 clinics.
Q: And what is the time period that you intent to spend this money in or set up these clinics in?
A: On December 31st we are supposed to finish our 50th clinic and today I pushed them saying that we have all the products completed. You can roll it out earlier. So, now we are looking at how many they will do by October 30 and by November 15 can they do 50 clinics. I think they will do it but our original plan was that we will do 50 clinics by December 31 and in 2015-16 we will do another 100.
Apollo Hospital stock price
On September 30, 2014, Apollo Hospitals Enterprises closed at Rs 1120.05, up Rs 23.70, or 2.16 percent. The 52-week high of the share was Rs 1219.55 and the 52-week low was Rs 817.00.
The company's trailing 12-month (TTM) EPS was at Rs 24.04 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 46.59. The latest book value of the company is Rs 213.10 per share. At current value, the price-to-book value of the company is 5.26.
Anda sedang membaca artikel tentang
Apollo-Sanofi alliance to set up 100 sugar clinics in 2015
Dengan url
http://gayafashionshow.blogspot.com/2014/09/apollo-sanofi-alliance-to-set-up-100.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Apollo-Sanofi alliance to set up 100 sugar clinics in 2015
namun jangan lupa untuk meletakkan link
Apollo-Sanofi alliance to set up 100 sugar clinics in 2015
sebagai sumbernya
0 komentar:
Posting Komentar