Mumbai: Bharat Biotech, one of India's leading vaccine manufacturers, has received the Silver Patent Award for the year 2011-12 from the Pharmaceuticals Export Promotion Council of India (Pharmexcil) in recognition of commendable contribution in biotech products and research.

Bharat Biotech won this patent award for several novel patents filed. In his statement, Dr Krishna Ella, chairman and managing director of Bharat Biotech, said, "We thank Phamexcil for recognizing innovation at Bharat Biotech and the credit goes to the Bharat Biotech team, who have worked relentlessly to make this happen."

The Pharmexcil jury recommended and selected winners based on the guidelines framed for selection. The winners were presented with the awards at the India-Asia Pacific Pharma Business Meet & Annual General Body meeting of the council held between September 26 and 28, 2012. (Also, read Pharma industry sets eyes on $25 bn exports by 2014)

The Pharmaceuticals Export Promotion Council of India has been a set up by the Ministry of Commerce and Industry, Govt of India, for the promotion of export of drugs, pharmaceuticals, homeopathy, ayurvedic and herbal medicines, allied products and related services in the global arena and mandated to help its members to achieve excellence in export and facilitate overseas buyers to find suitable trade partners from Indian pharma industry.