Yusuf Hamied

Yusuf Khwaja Hamied (born 25 July 1936) is an Indian scientist, billionaire businessman and the chairman of Cipla, a generic pharmaceuticals company founded by his father Khwaja Abdul Hamied in 1935. He is also an elected fellow of the Indian National Science Academy.

Early life

Hamied was born in Vilnius, then Poland, now Lithuania, and raised in Bombay (now Mumbai). His Indian Muslim father and Russophone Lithuanian Jewish mother, Luba Derczanska met in pre-war Berlin, where they were university students. Hamied was educated at the Cathedral and John Connon School. He went to England in 1954, and earned a BA in chemistry in 1957, followed by a PhD, all from Christ's College, Cambridge. He uses his chemistry notebooks from Cambridge when he develops new syntheses of drugs.

Career

Hamied is best known outside India for defying large Western pharmaceutical companies in order to provide generic AIDS drugs and treatments for other ailments primarily affecting people in poor countries. Hamied has led efforts to eradicate AIDS in the developing world and to give patients life-saving medicines regardless of their ability to pay, and has been characterized as a modern-day Robin Hood figure as a result.

Hamied stated, "I don't want to make money off these diseases which cause the whole fabric of society to crumble".

In September 2011, in a piece about how he was trying to radically lower costs of biotech drugs for cancer, diabetes and other noncommunicable diseases, ''The New York Times'' wrote of Hamied:

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.

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. 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.

Hamied has been a major benefactor to Cambridge. In 2009 the Yusuf Hamied Centre was opened at Christ's College. The centre features a bronze portrait bust of Hamied by fellow Christ's College alumnus, Anthony Smith. 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 1702 Chair of Chemistry, the oldest professorship in the subject there, which has been renamed after him as the Yusuf Hamied 1702 Chair. There is also a Hamied Laboratory for Chemical Synthesis & Catalysis in the department, as well as a Todd-Hamied Seminar Room and Todd-Hamied Laboratory, the last two (and Christ's fellowship) being a tribute also to Alexander, Lord Todd, Nobel laureate in chemistry, whom Hamied described as 'my mentor and guide over the years' since he completed his Ph.D. at Christ's College with Todd. Todd himself was 1702 Professor from 1944 to 1971, as well as Master of Christ's. In 2020 it was announced that Hamied had made a substantial donation to Cambridge University's chemistry department. This donation led to the foundation of the Hamied Scholars Programme, and the department has subsequently been renamed the Yusuf Hamied Department of Chemistry until 2050. Yusuf Hamied and the Cipla Foundation made a Rs 20 crore donation to IISER Pune for a state of the art chemistry facility that would be used in outreach programmes.

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''.

In February 2013, Hamied announced his retirement plans from Cipla after remaining managing director of the company for 52 years. That year, ''Forbes'' magazine included him in its list of richest Indians.

Awards and recognition

He was awarded the Padma Bhushan, India's third highest civilian honour by Government of India in 2005.

Hamied was awarded the ' CNN-IBN Indian of the Year' in the category of business by CNN-IBN in 2012 "for taking on multinational pharma companies and making some of the essential drugs more affordable to the masses in the developing countries." In late 2013, he was also named one of the India's "25 Greatest Global Living Legends" by news broadcaster NDTV. He was also recently interviewed for the Creating Emerging Markets project at the Harvard Business School, discussing at length his strategies to provide AIDS treatments and other drugs to help treat poor people in the developing world.

Media

Hamied's role in the battle for mass antiretroviral treatment in Africa is portrayed in the documentary Fire in the Blood (2013 film). 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."

Personal life

Hamied married to Farida and they have no children. They live in London and Mumbai.

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.

In May 2021, ''Forbes'' estimated Hamied's net worth at US$ 3.3 billion.

As per Forbes list of India’s 100 richest tycoons, dated OCTOBER 09, 2024, Yusuf Hamied & family is ranked 53rd with a net worth of $5.7 Billion.

References

{{DEFAULTSORT:Hamied, Yusuf Khwaja
1936 births
Living people
Indian billionaires
20th-century Indian chemists
21st-century Indian chemists
Indian businesspeople in the pharmaceutical industry
Indian people of Jewish descent
Indian people of Russian descent
Indian philanthropists
Indian organic chemists
Businesspeople from Mumbai
Scientists from Mumbai
Indian people of Russian-Jewish descent
Recipients of the Padma Bhushan in medicine
Alumni of Christ's College, Cambridge
Soviet emigrants
Immigrants to India
Cathedral and John Connon School alumni
Fellows of the Indian National Science Academy