Updated on 26 March 2013
In this collaboration, Panacea Biotec would take the lead in research, development, registration and commercial supplies of products while Kremers Urban would be leading marketing, sales and distribution. The business collaboration is based on long-term profit sharing by both companies.
Dr Jain said, " The commercialization strength of Kremers Urban for high barrier to entry generics perfectly synergizes with Panacea Biotec's research, development and manufacturing capabilities for such complex products forming a true win-win strategic alliance."
Claris Lifesciences, a pharmaceutical company in the business of manufacturing and marketing of high-end injectables, entered into a deal with Otsuka and Mitsui in form of a joint venture for their infusion business in India and in emerging markets. Mr Mundrey believes, " It is sensible deal as historically infusion business has accounted for 55% of Claris activities. The agreement constitutes common solutions, Anti-infectives, plasma volume expanders and parenteral nutrition therapies. The shareholding would be claris-20 percent, Otsuka-60 percent and Mitsui- 20 percent subject to all the necessary approvals and regulations."
Claris-Otsuka shall co-brand their products and also use the manufacturing and supply chain facilities under the deal in India and globally. Otsuka can introduce its products in Indian market. Claris will receive Rs. 1050 crores in total by cash.
TCG- JSW Partnership
TCG Lifesciences, a leading contract research services company with operations in India, Europe, Japan and the US entered into a strategic alliance with JSW Lifesciences on November 16, 2012. Mr Mundrey feels that "It can benefit TCG to expand its expertise in CNS and also in its drug discovery platform. TCG's quality and expertise is what have promoted JSW to partner with them. It also helps JSW to get the Indian market advantage. Thus the deal is mutually beneficial."