Active Stocks
Thu Mar 28 2024 14:39:26
  1. Tata Steel share price
  2. 156.40 2.32%
  1. HDFC Bank share price
  2. 1,457.95 1.20%
  1. ITC share price
  2. 431.35 0.78%
  1. Power Grid Corporation Of India share price
  2. 279.00 2.93%
  1. State Bank Of India share price
  2. 758.75 3.36%
Business News/ Companies / Ipca Labs, Ranbaxy in talks to widen US deal
BackBack

Ipca Labs, Ranbaxy in talks to widen US deal

Ipca Labs, Ranbaxy in talks to widen US deal

Premium

Mumbai: Drugmaker Ipca Laboratories Ltd is in talks with Ranbaxy Laboratories Ltd to widen the scope of their existing tie-up for sales in US to include more drugs and to extend it to cover Canada, a top official said.

India’s top drugmaker Ranbaxy had agreed to sell 22 drugs manufactured by Ipca in the US, of which six are expected to be launched this fiscal, executive director A.K. Jain told Reuters in an interview on Wednesday.

“It will be a large list of drugs ... much bigger than the list that we currently have," Jain said. “Hopefully this year it should be finalized."

“Over three years, each of these products will have 10% market share," Jain said forecasting revenue of about Rs2.5 billion from the US in three years.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 04 Jun 2008, 03:17 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App

Chat with MintGenie