Updated on 26 March 2013
The spokesperson from Ranbaxy said, "Both Ranbaxy and Daiichi Sankyo believe this revolutionary model is best suited to cater to the changing dynamics of the global pharmaceutical industry. The combined entity now ranks among the top 20 global pharmaceutical companies." The collaboration extends beyond marketing and covers the entire value chain including R&D, Supply Chain, Quality & Safety management, Sales & Manufacturing and also CSR.
As a member of the Daiichi Sankyo Group, Ranbaxy introduces Daiichi Sankyo's innovator products in emerging and developed markets across the world. This gives Ranbaxy a distinct edge as it is among the few global generic companies offering a wide range of both generic and innovator products.
In markets where Ranbaxy is the stronger player, Ranbaxy takes the lead to promote both its own generic products, as well as Daiichi Sankyo's innovator products, irrespective of the nature of the market. In markets where Daiichi Sankyo's is stronger, it takes the lead to promote both its own innovator products and Ranbaxy's generic products.
In Venezuela, which is the third biggest market in Latin America, Ranbaxy is planning to sell its products through Daiichi Sankyo Venezuela. The deal will increase the Ranbaxy presence and also further strengthen Daiichi's presence in the area.
Ranbaxy also entered into an in-licensing agreement with Gilead Sciences on August 3, 2012. The agreement is to promote access to cheaper generic emtricitabine and emtricitabine-containing anti-retroviral in developing countries. Ranbaxy's six year old partnership with Gilead was further extended when through this deal to promote access to high-quality, low-cost generic versions of Gilead's HIV medicine emtricitabine (FTC) in developing countries - including single tablet regimens containing emtricitabine, and fixed-dose combinations of emtricitabine co-formulated with other Gilead HIV medicines, informed the company.
Syngene (custom research wing of Biocon) collaborated with Abbott to open their first nutrition center in India in June last year. The center will be focusing on the development of nutrition products for maternal and child nutrition and diabetes care. Mr Mundrey says "With India emerging as global market, Abott want to tap the potential of unmet Indian nutrition needs. This will further increase the growth of company internationally and in India especially. Syngene expertise in custom manufacturing will accelerate the delivery of affordable and novel nutrition products in India and thus it will benefit both the parties as the nutrition area is relatively new and unmet in India".
Biocon and Bristol-Myers Squibb Partnership
Biocon has a long standing relationship with BMS for drug discovery and development and a dedicated discovery and development center employing over 400 scientists at the Biocon Park in Bangalore. Biocon recently extended this relationship further by partnering with BMS for global development of its novel molecule Oral Insulin. Biocon will progress further on global development pathways with the support from BMS expertise in taking molecules from lab to market.