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Wednesday, June 16, 2021

Company Updates 16.6.21

Alembic Pharmaceuticals announces its joint venture Aleor Dermaceuticals receives USFDA Final Approval for Testosterone Topical Solution USP, 30 mg per pump actuation.

Alembic Pharmaceuticals Limited (Alembic) today announced that its joint venture Aleor Dermaceuticals Limited (Aleor) has received final approval from the US Food & Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) for Testosterone Topical Solution USP, 30 mg per pump actuation. The approved ANDA is therapeutically equivalent to the reference listed drug product (RLD), Axiron Topical Solution, 30 mg per pump actuation, of Eli Lilly and Company (Lilly). Testosterone Topical Solution USP, 30 mg per pump actuation is indicated for replacement therapy in males for conditions associated with a deficiency or absence of endogenous testosterone: Primary hypogonadism (congenital or acquired) and Hypogonadotropic hypoqonadisrn (congenital or acquired).

Testosterone Topical Solution USP, 30 mg per pump actuation has an estimated market size of US$ 21 million for twelve months ending March 2021 according to IQVIA

Alembic has a cumulative total of 145 ANDA approvals (127 final approvals and 18 tentative approvals) from USFDA.


Mindtree Among the UK’s Top Companies in Customer Satisfaction According to the 2021 IT Sourcing Study

Mindtree, a global technology services and digital transformation company, today announced that it has ranked second for client satisfaction in the 2021 UK IT Sourcing Study, conducted by Whitelane Research in collaboration with PA Consulting. The company’s overall satisfaction score of 80% was well above the industry average of 72%.

This year’s ranking of 34 of the UK’s top IT/cloud service providers was based on an evaluation of more than 600 unique IT sourcing relationships and 800 cloud relationships by more than 250 participants of the top IT spending organizations in the UK.

All Mindtree customers surveyed for the study said they were satisfied with the company. The company ranked among the top five in four of the nine key performance indicators evaluated in the study. These include service delivery quality, cloud capabilities, account management quality, and proactivity. Mindtree was also one of only five companies with solely satisfied customers for its application development, maintenance, and testing capabilities.


TCS Recognized as National Leader in Community Engagement by Points of Light 

a leading global IT services, consulting, and business solutions organization, has been included in Points of Light’s Civic 50, a list of America’s most community minded companies, for the fifth consecutive year.

Launched in 2012, the Civic 50 list is determined by an annual survey administered by True Impact and is based on Points of Light’s Corporate Civic Engagement Framework that creates a roadmap for companies committed to using their time, talent, and resources to drive social impact in their business and communities. TCS was honored for its investments in, and the integration, institutionalization, and impact of its community engagement programs.

“We are delighted to be recognized in the Civic 50 list for the fifth year in a row,” said Balaji Ganapathy, Global Head, CSR, TCS. “TCS is building greater futures by connecting people to opportunities in the digital economy. Through innovation, partnership, and collective knowledge, we believe we can lead positive change for all stakeholders.”

“Points of Light believes that corporate leadership and commitment to civic engagement are critical to strengthening communities,” said Natalye Paquin, President and CEO, Points of Light. “We thank Tata Consultancy Services for their investment in the communities where they live and work and look forward to supporting them in leveraging their time, talent and assets to make transformational change.”

As the COVID-19 pandemic posed unprecedented challenges to communities, TCS maintained its commitments to key stakeholders and prioritized support in critical areas. 

Levering resources during a crisis

As a national partner of the American Red Cross Disaster Responder Program, TCS supported its plasma collection program during the COVID-19 pandemic, which ultimately collected two million units of plasma

With communities hard hit by unemployment in 2020, TCS responded to the call for support from state governors seeking technical expertise to scale up unemployment claims processing. In New York, TCS volunteers supported unemployment claim reviews for 140,000 applicants while devising processes to accelerate the rate of review by as much as 50%.

TCS also shared the full spectrum of its digital STEM and computer science education resources with educators, parents, and students at no cost to governors in all 50 states and created an educational virtual assist solution supported by trained TCS volunteers. 

As education shifted overnight to a virtual and digital mode, Ignite My Future in School resources have helped educators create deep engagement with students through a transdisciplinary approach and custommade lesson plans. Ignite My Future in School achieved its 2022 goal of reaching 1 million students a full year ahead of schedule and met its target of engaging 20,000 teachers. 

TCS also partnered with over 33 customers in providing thousands of students, educators, and schools access to much-needed enrichment programs through TCS’ goIT and Ignite My Future in School. Built with a lens of equity and inclusion, 45% of goIT participants are girls and 67% from ethnic minorities, while Ignite My Future in School is aimed at underserved schools with 80% of students enrolled in free and reduced price lunch programs. 

TCS joined 2,400+ cross-sector leaders and influencers on national and regional issues through Digital Empowers in partnership with the U.S. Chamber of Commerce Foundation. Through the inaugural Pitch for Purpose program, TCS engaged 150 mission-driven technology-based startups leveraging technology to address social and environmental challenges – from eliminating food insecurity to providing a crowdfunding platform for black entrepreneurs. Pitch for Purpose recognized six finalists and a winner who received $15,000 along with coaching and mentorship to take their startup further.


Wipro Partners with Exaware to Accelerate Innovation in Communication Networks and 5G Upgrades

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, today announced a partnership with Exaware, a leading provider of Open Network routing solutions. The partnership will jointly develop advanced engineering solutions that foster innovation in the networking industry, streamline 5G technology upgrades, and open the door to future 6G compatibility.

Traditional Radio Access Network (RAN) networks are slow to advance, and expensive to upgrade because existing hardware and software options are tightly coupled, and provided by a single vendor. Wipro and Exaware are developing engineering products and solutions that will decouple hardware from software, enabling communication service providers (CSPs) to select different hardware and software vendors. This, in turn, will promote innovation by network equipment providers, advance Disaggregated Cell Site Gateways (DCSG), enable an end-to-end disaggregated Open RAN infrastructure, and ultimately drive down network costs.

“Leveraging the combined engineering expertise of Wipro and Exaware, operators will be able to build flexible, self-optimizing networks, and introduce services that equip them for future growth while reducing their total cost of ownership,” said Thomas Muller, CTO – Engineering and R&D Services, Wipro Limited. 

“The Network Operating System makes it possible for CSPs to transform physical networks into virtual networks by adopting disaggregation and O-RAN principles. Exaware’s capabilities in the IP routing space can play a key role as Wipro helps CSPs modernize their networks and prepare for the future,” said Ben Afshari, Vice President of Sales & Business Development, Exaware. 

Wipro has played a key role in bringing disaggregated and software-defined network solutions to market. Through its own expertise, technology investments, and growing partner ecosystem, Wipro will continue to be a significant player, delivering personalized transformation solutions to clients worldwide