Ranbaxy-AstraZeneca Pact Part Of Indian Drug Maker Trend
This article was originally published in PharmAsia News
Executive Summary
The patent-dispute settlement Ranbaxy Pharmaceuticals reached with AstraZeneca reflects a new Indian trend beyond the business of making generics. The settlement terms include Ranbaxy selling AstraZeneca's Nexium (esomeprazole) when the first of several patents expires in 2014. Like other Indian drug makers, Ranbaxy is expanding beyond the generics market to improve its research and development capabilities and make a dent in the branded drugs market. Ranbaxy plans to split its generics and branded efforts this summer, a move being taken by several Indian competitors with similar plans. (Click here for more
You may also be interested in...
AstraZeneca Guards Nexium Patent, Takes Teva, Cipla To New Jersey Court
MUMBAI - AstraZeneca, the maker of world's second largest selling drug brand Nexium (esomperazole) is going all out to protect the patent covering its popular anti-ulcer medicine
Japan Grants Global-First Approval To Zolbetuximab, 15 Other New Drugs
Astellas's first-in class CLDN18.2-targeting antibody receives its first approval worldwide, while crovalimab and a number of drugs for rare diseases also receive nods from regulators and are now awaiting reimbursement price-listing.
Hanmi-OCI Merger Hits Wall As Brothers Win Shareholder Vote, Board Seats
The planned merger of Korea's Hanmi Pharm Group with OCI Group hits a major speed bump as the two sons of Hanmi's founder and other candidates recommended by them secture board seats. But it remains to be seen how the Lim brothers will fulfil their ambitious promises.