TÜBİTAK & Technology-Focused Industry Initiative Program Projects
During Q1 2023, we officially commenced work on new product development projects under the Technology-Focused Industry Initiative Program approved by the Ministry of Industry and Technology as of April 1, 2023. Work on these projects continued throughout the period, progressing according to the project timeline, with the activities for the first two periods completed. The relevant technical and financial reports for this period have been prepared and submitted to TÜBİTAK.
In line with our commitment to innovation, R&D investments will remain one of our key financial priorities in 2024. We have planned approximately 40 million TL in new investments to develop and expand our R&D equipment infrastructure as part of our ongoing projects.
Under the TÜBİTAK 2209-B “Support Program for University Students’ Research Projects Aimed at Industry,” our collaboration with Ankara University Faculty of Pharmacy, which began in 2022, continued in 2023 with research projects involving analytical method development and validation.
The TÜBİTAK 1501 Industry R&D Projects Support-winning project, “Development of Computer-Assisted New Synthesis of Plerixafor Active Pharmaceutical Ingredient (API),” is conducted in collaboration with MEDDENOVO and PEPTITEAM. The first two periods of this project have been completed. The project involves designing new API synthesis methods with organic synthesis expertise and optimizing API synthesis using computer-assisted chemical methods, which are essential for drug discovery. Currently, an injectable solution containing plerixafor is licensed in Türkiye under GEN. The project aims to establish the synthesis of the active ingredient in Türkiye as a preliminary step.
Turkish Time R&D 250 List: According to data released by Turkish Time magazine in 2023, GEN ranked 94th in the general ranking of the top 250 companies in Türkiye based on R&D expenditures for 2022, and 9th in the pharmaceutical sector.