Entod Pharmaceuticals Gains Approval for India's First Presbyopia Eye Drops
Entod Pharma gets DCGI approval to market India's first presbyopia eye drops, launching in October.
Breaking News
Sep 04, 2024
Mrudula Kulkarni
Entod Pharmaceuticals has received approval from the Drug
Controller General of India (DCGI) to market its new eye drops for the
treatment of presbyopia, a common age-related vision condition. The
Mumbai-based pharmaceutical company plans to introduce PresVu, India's first
eye drops designed to reduce dependence on reading glasses for individuals with
presbyopia, in the first week of October.
This final approval follows an earlier recommendation by the
Subject Expert Committee (SEC) of the Central Drugs Standard Control
Organisation (CDSCO).
"This DCGI approval is a significant milestone in our
mission to revolutionize eye care in India," said Nikkhil K Masurkar, CEO
of Entod Pharmaceuticals. "PresVu is not just another product; it’s a
solution that will enhance the quality of life for millions by providing
greater visual independence."
Globally, presbyopia affects an estimated 1.09-1.8 billion
people, typically those over the age of 40. The condition results from the
natural aging process, where the eye’s ability to focus diminishes, making it
difficult to see objects up close.
Discussing the company’s future plans, Masurkar highlighted
their focus on meeting domestic demand and expanding into emerging markets such
as Africa and Southeast Asia. He also emphasized Entod’s strategy to innovate
in India before out-licensing their products to the US market, where the
company currently has no presence.
"The US market is flooded with low-cost generics, but
we aim to introduce something innovative and become a global leader before
out-licensing to other countries," Masurkar said. He also noted the
company's commitment to supplying affordable medicines to regions where access
is limited, particularly in Africa.
Entod Pharmaceuticals, which manufactures its products in
Maharashtra, currently specializes in three therapeutic areas: ENT,
ophthalmology, and dermatology. Masurkar also hinted at a potential future
expansion into the mental health segment, a field he believes holds significant
promise in India.
"If we were to enter a new segment, it would likely be
in mental health, which I believe has immense potential in India,"
Masurkar added.