Yusuf Hamied
Yusuf Hamied | |
---|---|
Nationality | Indian |
Education | Christ's College, Cambridge |
Title | Chairman, Cipla |
Successor | M. K. Hamied |
Spouse | Farida |
Children | none |
Parent(s) | Khwaja Abdul Hamied, Luba Derczanska |
Awards | Padma Bhushan |
Yusuf Khwaja Hamied (born 25 July 1936) is an Indian scientist,
Early life
Hamied was born in
Career
Hamied is best known outside India for defying large Western
Hamied stated, "I don't want to make money off these diseases which cause the whole fabric of society to crumble".[11]
In September 2011, in a piece about how he was trying to radically lower costs of biotech drugs for cancer,
Dr. Yusuf K. Hamied, chairman of the Indian drug giant Cipla Ltd., electrified the global health community a decade ago when he said he could produce cocktails of AIDS medicines for $1 per day — a fraction of the price charged by branded pharmaceutical companies. That price has since fallen to 20 cents per day, and more than six million people in the developing world now receive treatment, up from little more than 2,000 in 2001.[12]
Hamied has also been influential in pioneering the development of multi-drug combination pills (also known as fixed-dose combinations, or FDCs), notably for HIV/AIDS, tuberculosis (TB), asthma and other ailments chiefly affecting developing countries, as well as the development of pediatric formulations of drugs, especially those benefiting children in poor settings.[13] These innovations have greatly expanded access to medicine and increased drug safety by ensuring proper dosages are taken. He is also highly regarded for his role in expanding the production of bulk drugs and "active pharmaceutical ingredients" (APIs, the active chemical components in medicines) in India.[14]
Hamied has been a major benefactor to Cambridge. In 2009 the Yusuf Hamied Centre was opened at Christ's College.[15][16] The centre features a bronze portrait bust of Hamied by fellow Christ's College alumnus, Anthony Smith.[17] The college also has a Todd-Hamied Fellow in chemistry, a post held by Professor Chris Abell, FRS, from 1986 until his death in October 2020.
In 2018 he donated to the chemistry department at Cambridge to support the
Hamied has been the subject of in-depth profiles in The New York Times, Time magazine, The Guardian, Le Monde, The Economist, the Financial Times, The Times (London), Corriere della Sera, Der Spiegel, Wired and numerous other leading publications, as well as on television outlets such as ABC News, the BBC, CNN and CBS' 60 Minutes.[22]
In February 2013, Hamied announced his retirement plans from Cipla after remaining managing director of the company for 52 years.[23] That year, Forbes magazine included him in its list of richest Indians.[24]
Awards and recognition
He was awarded the Padma Bhushan, India's third highest civilian honour by Government of India in 2005.[25]
Hamied was awarded the '
Media
Hamied's role in the battle for mass antiretroviral treatment in Africa is portrayed in the documentary Fire in the Blood (2013 film).[30] In its review of the film, India Today noted that "the story of Yusuf Hamied will make every Indian proud as he was the only man who decided to walk against the tide and sell drugs to save lives without focusing on profits."[31]
Personal life
Hamied married to Farida and they have no children.[32] They live in London and Mumbai.[24]
His younger brother, M. K. Hamied, is Cipla's non-executive vice-chairman. The latter has three children, including Samina Vaziralli, who is expected to take over leadership of Cipla in the future.[33]
In May 2021, Forbes estimated Hamied's net worth at US$ 3.3 billion.[24]
References
- ^ Sarah Boseley (18 February 2003). "Yusuf Hamied, generic drugs boss | World news". The Guardian. London. Retrieved 1 September 2010.
- ^ "Fellows Elected 2019" (PDF). Indian National Science Academy. Archived from the original (PDF) on 2 August 2019. Retrieved 2 August 2019.
- ^ Robbins, Kenneth X. "How a Muslim-Jewish romance shaped one of India's biggest pharma firms". Quartz India.
- ^ Donald G. McNeil Jr (1 December 2000). "Selling Cheap 'Generic' Drugs, India's Copycats Irk Industry". The New York Times. Retrieved 26 January 2016.
- ^ "Indian drugs boss hails Aids deal". 29 October 2003. Retrieved 7 September 2016.
- ^ "Interview of the week: Yusuf Hamied. – United Press International | HighBeam Research - FREE trial". Highbeam.com. 22 February 2001. Retrieved 1 September 2010.[dead link]
- ^ "Yusuf Hamied, un Robin Hood contro l' Aids "Così sconfiggerò l' Aids senza le multinazionali"". Archiviostorico.corriere.it. Retrieved 26 January 2016.
- ^ Bobin, Frédéric (6 July 2010). "India fears generic drugs for poor are endangered by proposed EU trade deal". The Guardian. London.
- ^ "TransIP – Reserved domain". Legacy.laika.nl. Retrieved 26 January 2016.
- ^ "English Summaries – SPIEGEL ONLINE". Spiegel.de. 2 April 2001. Retrieved 26 January 2016.
- ^ Hans Lofgren, The Politics of the Pharmaceutical Industry and Access to Medicine, 2012.
- ^ Harris, Gardiner (18 September 2011). "China and India Making Inroads in Biotech Drugs". The New York Times.
- Lofgren, The Politics of the Pharmaceutical Industry and Access to Medicine, 2012, p. 58-59
- ^ Hans Lofgren, The Politics of the Pharmaceutical Industry and Access to Medicine, 2012, p. 63
- ^ "Christ's officially opens Yusuf Hamied Centre". University of Cambridge News. 20 April 2009. Retrieved 20 April 2009.
- ^ "The Hindu News Update Service". Chennai, India: Hindu.com. 22 April 2009. Retrieved 1 September 2010.
- ^ "Cambridge salutes Mumbai boy". Mid-Day. Retrieved 30 October 2016.
- ^ "Giving a new name to our oldest chair". Cambridge UniversityDepartment of Chemistry. 7 November 2018. Retrieved 15 July 2020.
- ^ "Major gift secures the Department's future". Cambridge UniversityDepartment of Chemistry. 1 December 2020. Retrieved 1 December 2020.
- ^ "Cipla sets up chemistry research lab at IISER Pune". www.biospectrumindia.com. Retrieved 18 March 2022.
- ^ "Campus Calling: Pune's IISER get access to world-class undergraduate chemistry lab facilities". Hindustan Times. 31 August 2017. Retrieved 18 March 2022.
- ^ "Yusuf Hamied, generic drugs boss". 18 February 2003. Retrieved 7 September 2016.
- ^ "Grand old man of Cipla Yusuf K Hamied hangs his boots". Economic Times. 7 February 2013. Retrieved 8 November 2013.
- ^ a b c "Yusuf Hamied". Forbes. Retrieved 25 February 2018.
- ^ "Padma Awards Directory (1954–2009)" (PDF). Ministry of Home Affairs. Archived from the original (PDF) on 10 May 2013.
- ^ "Dr. Yusuf Hamied message on being CNN-IBN's Indian of The Year 2012 in the business category". CNN-IBN. 17 December 2012. Archived from the original on 18 December 2013. Retrieved 8 November 2013.
- ^ [1] Archived January 9, 2014, at the Wayback Machine
- ^ "Interview with Yusuf Hamied". Creating Emerging Markets. Harvard Business School.
- YouTube
- ^ "The Contributors". Fire in the Blood. 20 January 2013. Retrieved 26 January 2016.
- ^ "Movie Review: Fire in the Blood". 10 October 2013. Retrieved 7 September 2016.
- ^ "Undiplomatic departure from London". Telegraphindia.com. Archived from the original on 30 December 2014. Retrieved 26 January 2016.
- ^ "Cipla chief Yusuf K Hamied grooms niece & nephew Samina Vaziralli & Kamil Hamied as genext leaders". Articles.economictimes.indiatimes.com. Retrieved 26 January 2016.