The Hindu Business Line : Ranbaxy venture launches diabetes drug in Japan

NIHON Pharmaceutical Industry Ltd (NPI), a joint venture between Ranbaxy Laboratories Ltd and Nippon Chemiphar Ltd (NC), has launched its first co-developed product, Vogseal (generic-Voglibose) in Japan used for the treatment of diabetes.

The 0.2 mg and 0.3 mg dosage tablets will be sold in Japan under the Ranbaxy/Nihon Pharmaceutical Industry Ltd (NPI) label. It will be marketed and actively promoted to doctors in hospitals as well as in clinics by the field forces of Nippon Chemiphar (NC) and Nihon Pharmaceutical Industry Ltd (NPI).

In a statement, Mr Malvinder Mohan Singh, President Pharmaceuticals and Executive Director, Ranbaxy, said, "We are delighted to introduce our first product in Japan which is a reflection of our R&D strength and excellent cross functional teamwork. Together with our strategic partner, NC, we are committed to building our presence in this key market by providing quality generic alternatives."

Mr Kazushiro Yamaguchi, President & CEO, Nippon Chemiphar, said, "Ranbaxy and Nippon Chemiphar share a mutually beneficial and strategic partnership in Japan and with the successful launch of Vogseal - the first product of our joint venture (Nihon Pharmaceutical Industry Ltd) - we have indicated how closely and successfully the two companies are working together. We are confident that this winning combination will increase the product momentum and lead to the launch of many other such generic products in Japan in the coming time."

Japan is the second largest pharmaceutical market globally, worth $65 billion.

A rapidly ageing population together with Government will and its commitment to reduce mounting healthcare costs are leading to the buoyancy in the generic market.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Volkswagen puts car project in India on hold

Hispano Maghreb bags Morocco order to supply 800 buses

Ranbaxy venture launches diabetes drug in Japan

Tecumseh India bags US order

Radico Khaitan board meet

Taneja Aerospace to raise $10 m

IOC to split Paradip project into two phases

Outsiders instigated labour unrest: Honda management

Violence continues for second day at Gurgaon

Honda unrest: Industry calls for flexibility in labour laws

Honda issue: Left parties' demands

Essilor ties up with Delta Lens

Lucas-TVS to set up jt venture with Iranian co for starter motors

Texmaco plans hydel plants in N-E region

Toyota Kirloskar aims to sell 13,900 Innovas in South this year

Kothari Sugars in expansion mode