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Monday 23 August 2021

Company Updates 19.8.21 to 24.8.21

Zydus Cadila gets 180-day exclusivity for Tofacitinib extendedrelease 22 mg tablets, announces final approval from USFDA

Zydus Cadila has received final approval from the USFDA to market Tofacitinib extendedrelease tablets, 11 mg and 22 mg in the United States (ANDA-214264 and US RLD: XELJANZ XR). Zydus was the first ANDA filer on Tofacitinib extended-release tablets 22 mg and currently holds 180-day exclusivity on this strength.

Tofacitinib extended-release tablets had annual sales of approximately $2,082 million in the United States for the year ending June 2021 according to IQVIA data. The drug will be manufactured at the group’s formulation manufacturing facility at the SEZ, Ahmedabad.

The group now has 321 approvals and has so far filed over 400 ANDAs since the commencement of the filing process in FY 2003-04.

HCL Signs Contract with Munich Re to Transform Digital Workplace Services in 40 Countries

HCL Technologies (HCL), a leading global technology company, has signed a contract with Munich Re, one of the world’s leading reinsurers, to create a nextgeneration digital workplace for its workforce.

Building on the successes of its strategic digital transformation partnership with Munich Re, HCL will now modernize and standardize workplace services for more than 16,000 employees in 40 countries. HCL will adopt a “glocal” strategy to support Munich Re’s global workforce in multiple languages, including German, Spanish and Mandarin, from near-shore locations. It will also implement a highly personalized service desk solution and leverage the power of automation and self-service capabilities to improve efficiency and enhance employee user experiences.

Munich Re selected HCL as its preferred partner due to the strength of the existing relationship and its proven track record creating a modern digital workplace for other leading German and global organizations. HCL’s Fluid Workplace Solution offers Munich Re the flexibility to rapidly modify remote working practices as business needs evolve to mitigate the risks associated with the uncertainty surrounding the pandemic. In addition, HCL’s WorkBlaze solution will provide predictive analytics and AI for IT Operations capabilities, which will help Munich Re proactively enhance user experiences and pave the way toward a self-healing digital workplace.

“The last 12 months have triggered the biggest change in how companies empower and support their employees,” said Robin Johnson, Group CIO, Munich Re. “Now, user experience transformation has become a strategic priority to us. It was essential to have a partner that could help us create a modern digital workplace powered by the latest technology innovation to deliver a next-generation user experience to our employees. It was also imperative for our partner to offer global multilingual support capabilities. The strength of HCL’s digital workplace offerings and our existing relationship made it an easy decision to partner with HCL.”

“We’ve already achieved significant success with Munich Re in modernizing its applications and supporting its core insurance platforms,” said Rahul Singh, President of Financial Services, HCL Technologies. “Flexibility and user-experience transformation are now of greater importance, and this deal reflects the growing value organizations like Munich Re see in HCL’s innovative Fluid Workplace model. This alliance also represents another significant stride in HCL’s growth in Germany, where we continue to invest in expanding our footprint and developing new solutions to support our clients.” 

Infosys Foundation Inaugurates New Outpatient Department (OPD) Block at The Kidwai Memorial Institute of Oncology, Bengaluru

: Infosys Foundation, the philanthropic and CSR arm of Infosys (NSE, BSE, NYSE: INFY), today announced that it has completed constructing a 75,000 sq. ft state-of-the-art, multi-disciplinary Outpatient Department (OPD) block at the Kidwai Memorial Institute of Oncology, Bengaluru. The Infosys Foundation has spent INR 25.5 Crore on this new OPD block, which will cover over 12 departments, and aim to accommodate nearly 1,800 patients every day

This new OPD was inaugurated by Shri. Basavaraj Bommai, Honorable Chief Minister, Govt. of Karnataka, and Dr. K. Sudhakar, Health Minister, Govt. of Karnataka, in the virtual presence of Mrs. Sudha Murty, Chairperson, Infosys Foundation.

Speaking at the inauguration, Mrs. Sudha Murty, said, “Lack of proper treatment and medical infrastructure often manifests in unfortunate circumstances for patients and their family. This is a small effort by the Foundation to ensure that people have access to clean, hygienic, and timely medical intervention, especially at a time when we are engulfed by a pandemic. We are thankful to the State Government, our Honorable Chief Minister, Health Minister, and Kidwai Memorial Institute of Oncology, for their collaboration and support in this initiative.”

Infosys Foundation has been working closely with the Kidwai Memorial Institute of Oncology on several projects since 2001. This new OPD, a dharamshala renovation, five fully equipped operation theatres and one ICU completed earlier, add to Foundation’s efforts to expand hospital and quarantine facilities and ensure proper medical treatment for the public. Over the last one and a half years, Infosys committed a total of INR 200 Crore for Covid relief efforts across India, through the Infosys Foundation, and also helped set up a 150-bed Covid care hospital in Bengaluru, in partnership with the state government. 

TCS Positioned as a Leader in Application Transformation Services by Everest Group

Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a leading global IT services, consulting and business solutions organization, has been recognized as a Leader in the Everest Group PEAK Matrix® for Application Transformation Services1 , for the second time in a row.

According to the report, clients value TCS’ co-innovation approach in large scale application services engagements which helps TCS win large deals that include modernization in scope. Highlighted as strengths are TCS’ significant investments in building a strong portfolio of application transformation solutions, underpinned by a mature suite of flagship IPs and verticalized solutions. The report also said that clients appreciate TCS' talent management and technical competence of delivery engineers.

“Enterprises across the globe are embracing cloud and other digital technologies to reimagine business models, address new market segments, enhance customer experience and differentiate themselves. Key to success in this journey is the ability to quickly modernize the existing application and data estate while seamlessly innovating and deploying newer cloud-native systems,” said Krishnan Ramanujam, Business Group Head, Business and Transformation Services, TCS. “Our Leadership positioning in this space for the second time in a row, is a testament to our vision, innovation, extensive presence, and the resultant market impact.” 

TCS’ Application Transformation strategy is guided by its Multi-Horizon Transformation to Purpose-led Growth thought leadership framework. This covers:

• Building a Digital Core – Leverage TCS’ extensive knowledge in large-scale digitalization to modernize legacy applications and create a new cloud-based estate that will serve as a resilient, secure and scalable digital foundation for innovation and growth.

• Innovation – Build new systems that leverage the native capabilities of the cloud to pursue innovative, new business models, launch new products and services, deliver hyper-personalized customer experience, and drive differentiation.

• Leverage Innovation Ecosystems – Co-innovate with ecosystem partners cutting across industry boundaries to create purpose-led augmented offerings enabled by the seamless real-time exchange of data among the partners. 

TCS' Application Transformation Services consist of two primary streams:

 • Consulting Services: TCS carries out cloud and digital maturity assessments to identify gaps and derive an actionable modernization roadmap. It also conducts strategy and visioning workshops to establish the target operating model that covers reference architecture design, evaluation for microservices and design thinking for UX, to support a balanced ‘modernize-while-you-migrate’ approach.

• Application Portfolio Transformation: TCS helps customers decide whether to retain, retire, replace, or rebuild their legacy applications and subsequently whether to rehost, refactor, or replatform while migrating to the cloud. The new applications are built harnessing digital technologies such as advanced data analytics, AI and ML, AR & VR, etc. Further, business processes are analyzed to identify harmonization opportunities, which are then crafted as a bouquet of microservices, APIs and a modern UX.

A key differentiator is TCS' comprehensive portfolio of intellectual property, tools, and products. TCS MasterCraft™ TransformPlus, an intelligent automation product, significantly accelerates end-to-end application modernization and supports a wide range of legacy and modern programming languages. TCS has used TransformPlus to analyze more than 1 billion lines of legacy code, extract business rules and document them for business reference and decision-making.

The Cloud Innovation Garage leverages IoT, AI, ML and advanced analytics and cloud as well as TCS' domain knowledge to drive innovation. Other accelerators include HyperBreeze Container Service Offering, Cloud Mutagen, TCS Cloud Exponence, Jile™, iCMC™, Modernization Propeller, and ZippedAgile.

TCS has invested in setting up dedicated strategic cloud units that provide a full complement of end-toend services around each of the major hyperscale clouds. TCS’ change management advisory offerings facilitate full participation by all stakeholders in the transformation journey, reducing project risks and delivering superior outcomes.

“Investments in application estate transformation have accelerated in recent times as a precursor to meaningful digital transformation,” said Alisha Mittal, Practice Director, Everest Group. "TCS’ coinnovation approach combined with the mature set of verticalized solutions have helped it deliver largescale modernization engagements. Its focus on modernization-led cost savings and focused business outcomes resonate well with the clients. All of which contributed to its designation as Leader in the Everest Group PEAK Matrix® for Application Transformation Services.”

“Our deep capabilities in application transformation, futuristic offerings built using our rich domain knowledge gained across industries, and investments in innovation and IP make us the preferred partner to our customers in their purpose-led growth and transformation journey,” said Krishnan Ramanujam