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Intas is betting on an antibody booster shot to fight the virus. The best part: it’s not for profit.

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Intas is betting on an antibody booster shot to fight the virus. The best part: it’s not for profit.

A health worker checks the plasma as part of a research project which tests the effectiveness of plasma from recovered patients in the treatment where the virus is active, at the District Institute of Science, Biotechnology and Innovation in Health, Bogota.

Synopsis

The therapy uses a specific hyper immunoglobulin — a purified and enriched preparation of coronavirus-neutralising antibodies in high concentration. The company says if the project, which is in the phase-2 trial stage, succeeds, the treatment will be provided free of cost to government hospitals.

The Chudgars, the billionaire founders of Ahmedabad-based Intas Pharmaceuticals, are a reclusive lot. The brothers — Binish, Nimish, and Urmish — are seldom seen in industry meetings and rarely appear in the media. But their affinity for risky bets and knack for deft execution are often the topic of boardroom chatter. Four years ago, amid scepticism, the company outbid marquee private-equity groups to sink over USD700 million and buy part of

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