Business Daily from THE HINDU group of publications Thursday, Dec 04, 2008 ePaper | Mobile/PDA Version | Audio | Blogs |
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Corporate
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Alliances & Joint Ventures
Our Bureau New Delhi, Dec 3 Ranbaxy Laboratories Ltd announced that it has signed an exclusive agreement with BioPro Pharmaceutical Inc for marketing a brain tumor drug – Gliadel- in India. Commenting on the development, Mr Sanjeev I. Dani, Senior Vice-President & Regional Director, Asia & CIS, Ranbaxy said, “We are pleased to bring this lifesaving, high technology product to Indian patients. We are working with BioPro to create a productive relationship by complementing each other’s strengths. The licensing agreement, and subsequent launch approval, should enable Ranbaxy to further strengthen its position in the oncology segment.” Gliadel Wafer is indicated in newly diagnosed patients with high-grade malignant glioma as an adjunct to surgery and radiation. It is also indicated in recurrent glioblastoma multiforme patients as an adjunct to surgery. Gliadel is the only US FDA-approved chemotherapeutic implant for use during surgical resection, providing localised delivery of chemotherapy directly into the cavity created when a brain tumor is removed during surgery. The product is manufactured by MGI Pharma. BioPro retains the marketing rights in some Asian countries including China, Hong Kong, Taiwan, Korea, Singapore, Indonesia, the Philippines, Malaysia, Thailand, and India. Though there is very limited data available on the incidence of brain tumors in India, according to unofficial sources, the estimated prevalence of CNS tumors in India is 2-5 new cases per 1,00,000 a year. More Stories on : Alliances & Joint Ventures | Pharmaceuticals | Ranbaxy Laboratories Ltd
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