Swiss albino mice model has been used extensively in effects of various chemical compounds as in vivo system. We have used this model to evaluate efficacies of several plant compound extracts against Leishmania parasites. If the mice can get infected with Plasmdium falsiparum, I will recommend this model.
Priyanka, Since development of anti-malarial is not a personalized medicine approach and its population based, you should use outbred Swiss albino rather than using inbred BALB/c.