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Romanian unit to sell new drugs: Ranbaxy

Romanian unit to sell new drugs: Ranbaxy
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First Published: Thu, Mar 08 2007. 01 15 AM IST
Updated: Thu, Mar 08 2007. 01 15 AM IST
Mumbai: Indian drug maker Ranbaxy Laboratories Ltd said its Romanian unit, Terapia, recorded a 50% growth in sales in 2006, and has received approvals to sell 20 new products.
Ranbaxy, which completed the $324 million (Rs1,425 crore) acquisition of Terapia last June, said it had a market share of 5.6% in Romania and was well placed to gain from the expected strong growth in the country.
The products to be launched included new molecules and modern formulations in diverse segments ranging from antibiotics to drugs for cardiovascular diseases, it said in a statement.
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First Published: Thu, Mar 08 2007. 01 15 AM IST
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