Matrimonial |  Properties |  Jobs |  Classifieds |  Ask Doctor |  Live TV |  Sponsored Greetings |  Astrology  |   Red Chillies |  Automobile |  Music |  Tribute

      Search in

Monday, February 25, 2008 9:35:21 AM (IST)  

Udupi: Manipal Varsity Awards Honorary Doctorate to Ajit Shetty

Daijiworld Media Network – Udupi (NR)

Udupi Feb 25: Ajit S Shetty, president and chief executive officer of Janssen Pharmaceutica N V Beerse of Belgium was conferred the honorary doctorate by the Manipal University at a glittering special convocation in Manipal, here on Sunday February 24.  

In his convocation address to the distinguished gathering, Shetty opined that there were several challenges in the field of medicine and pharmacy, despite the fact that major breakthroughs and advances were being made in the both the fields.  

In view of these challenges, major rethinking needs to be done on the model being followed and its relation with the industry, academia, government, and health-care providers, he pointed out. Listing out the challenges, he said the first challenge was the rising R&D costs as opposed to limited public health resources.  

According to him just introducing a drug into the market costs a whopping one billion dollars, which in turn was pushing up the prices of medicines. Subsequently even health-care insurance budgets are under pressure, he rued.  

About Ajit Shetty:  

Ajit Shetty originally from Mangalore is married to Christine Clerinx, a niece of the founderof Janssen Pharmaceutica, the late Dr Paul Janssen. He studied at the universities of England and the United States. He lives with his family in Vosselaar. In the past decade or so, he has managed the continuity of Janssen Pharmaceutica as a world-wide concern in drug research, following the untimely death of Philippe Vanavermaete in 1994.  

During that period, the number of employees in Belgium rose from 3000 to 4400 approximately. Ajit Shetty was elected 'Manager of the Year,' in an annual election of 'top manager' in Flanders, which was an initiative of Trends and Channel Z, in collaboration with the Flemish Management Association (VMA).  Ajit Shetty was described by the jury as “a highly underrated top entrepreneur in Flanders, CEO of the research and manufacturing firm Janssen Pharmaceutica, Johnson & Johnson company”. 

Stay updated wherever you go with and Daijiworld 24X7 tv channel mobile apps.
CLICK HERE to download it for your device.
(available on Android and IOS)

Comments on this article
T.Sambandam, Chennai
Saturday, March 12, 2011

Any Programme which will award doctorate degree in civil engineering based on experience as a Retired Engineer - Scientist and practising consulting engineer

Print this Article
Email this article to your friend
Write your Comments
News Title Udupi: Manipal Varsity Awards Honorary Doctorate to Ajit Shetty
Your Name
Native Place / Place of Residence
Your E-mail
Your Comment
[Please limit your comments within 2000 characters]

You have characters left.
Disclaimer: Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will be held responsible.
Security Validation
Enter the characters in the image above
Published by Daijiworld Media Pvt Ltd Mangalore
Editor-in-chief : Walter Nandalike

Corporate Office :
Daijiworld Residency,
Airport Road, Bondel Post,
Mangalore - 575 008
Karnataka India
Telephone : +91-824-2982023
City Office :
First Floor,
Divya Deepa Arcade,
Bendorewell, Kankanady,
Mangalore - 575 002
Karnataka India
Telephone : +91-824-4259372
e-mail   General enquiry:, News & Info :

Disclaimer | Privacy Policy | About Us
Copyright ©2001 - 2016. All rights reserved.
Our Franchise Offices
Kishoo Enterprises,
3rd Floor, Mandavi Trade Centre,
Kadiyali, Udupi – 576 102
Telephone : 0091-820-4295571
e-mail :
Daijiworld Middle East FZE
P.O.Box: 84772, Dubai, UAE
Tel: 971-50-6597629  Fax: 971-4-2639207
There has been a database error. Technical Support has already been notified. You will be informed when this issue is resolved. Thank you for your patience!