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Ep #7 | Who is Kiran Mazumdar Shaw Really? And WTF is Biotech?

WTF is with Nikhil Kamath

CHAPTER

The Importance of Recombinant Human Insulin in Entrepreneurship

India was importing all our insulin. Most 90% of those insulin were animal insulin, derived from extracting the pancreas of cows and pigs. Recombinant DNA recombinant human insulin was way beyond the reach of most patients in India. It was 10 times the price of animal insulin. So I said, look, I've got to do something about this. In 2004, I launched India's first recombinanthuman insulin. And I brought the prices crashing down so much that I forced the innovator brands to also come down to my pricing. Now, of course, nobody uses animal insulin.

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