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NovaLead Pharma Pvt. Ltd. is a Pune company that repurposes generic drugs, including Galnobax for diabetic foot ulcers.
Founded by Supreet Deshpande and based in Pune, India, NovaLead Pharma Pvt. Ltd. focuses on repurposing existing generic drugs for hard-to-treat conditions. Its flagship product Galnobax, a topical gel for diabetic foot ulcers, has completed Phase III trials. In April 2010 Tata Capital Private Equity acquired a minority stake for USD 8 million, and the company reported 2023 revenue of INR 637,621.70 and EBITDA of INR 320,125.10.
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