Auretics Ltd has taken a significant step forward in healthcare by signing a Technology Transfer Agreement (ToT) with the Council of Scientific and Industrial Research (CSIR), facilitated by the National Research Development Corporation (NRDC). This milestone agreement, sealed during the inauguration of the CSIR Innovation Complex in Mumbai, underscores the synergy between science and industry in addressing pressing health challenges with innovative solutions.
The collaboration centers on a clinically-validated herbal formulation for cartilage formation, developed by CSIR-IHBT in Palampur, Himachal Pradesh. Designed to combat joint health issues, particularly early-stage arthritis, the product is poised to deliver an affordable and effective remedy rooted in scientific research.
The event, held at the CSIR-NIO Regional Centre Campus in Andheri (West), Mumbai, saw the presence of distinguished dignitaries, including Dr. Jitendra Singh, Minister of State for Science and Technology, and NITI Aayog members Dr. V.K. Saraswat and Dr. V.K. Paul. Dr. N. Kalaiselvi, Director General of CSIR and Secretary of DSIR, highlighted the transformative role of such partnerships in driving national progress.
Arjun Gupta, CEO of Auretics Limited, emphasized the groundbreaking nature of this collaboration. “This partnership between Auretics and CSIR exemplifies how scientific innovation can directly benefit society. By bringing this herbal formulation to market, we aim to address widespread cartilage-related issues and promote wellness across India,” he said.
Dr. Arvind Kumar Gupta of CSIR-IHBT praised the product’s foundation in robust clinical research, calling it a breakthrough in treating cartilage degeneration. “This formulation is a testament to India’s scientific expertise and its potential to transform public health outcomes,” he remarked.
The partnership is expected to deliver wide-ranging benefits, including improved access to healthcare, enhanced innovation, and economic growth. It aligns with India’s vision of integrating traditional knowledge with modern science to build a healthier and self-reliant nation.
By focusing on science-based solutions for joint health challenges, this collaboration represents a progressive stride in advancing healthcare innovation and addressing the growing need for effective and affordable treatments.
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