UIPS transfers another revolutionary technology to Hi-tech Formulations Private Ltd

The agreement was signed in the presence of Professor Raj Kumar, Vice-Chancellor Chandigarh: In a recent development in the field of science and technology, a Nano based product technology developed by Dr.Vandita Kakkar, Assistant Professor, Faculty of Pharmaceutical Sciences, University Institute of Pharmaceutical Sciences (UIPS), Panjab University(PU) was transferred to Hi-tech Formulations Pvt Ltd for advancement in the cosmeceutical industry. The agreement was signed in the presence of Professor Raj Kumar, Vice-Chancellor by Dr Vandita Kakkar, Sh. Jaspreet Singh Gulati, Director, Hi-tech Formulations Private Limited in the presence of Professor R.K Singla Dean Research, Panjab University, and Professor Kamaljeet Choptra, Chairperson UIPS, and Faculty. The technology concerns a Nano based product of Tetrahydrocurcumin (THC), which is referred to as white Curcumin and valuable for cosmeceutical functions. Prior to this, in 2017, Prof Indu Pal Kaur had also transferred her technology to Hi-tech Formulations Private Limited. Commenting on the occasion, Dr Kakkar shared, “It was a huge achievement for me to connect the links towards the transfer of this technology for the benefit of the society. Such technology transfers from academia to industry will strengthen the innovation network and encourage closer links to result in high-quality growth in business needs to drive pioneering research, innovation, skills development and economic growth.” A product of natural origin THC is non-staining, non-irritating, safe and effective, thus making it an impeccable drug for cosmetic products in its bioavailable form. The product with be available in form of hydrogel, cream and lotion and a patent application in this regard has been filed in India with complete examination said Dr Kakkar. Dr. Kakkar has received the prestigious Biotechnology Ignition Grant (BIG) amounting to Rs 50 lakhs in 2018 by Biotechnology Industry Research Assistance Council (BIRAC), Government of India, for her work on pediatric dermatitis incubated at Bio-NEST, Panjab University with Foundation for Innovation and Technology Transfer, IIT, New Delhi as a BIG partner.