Business Daily from THE HINDU group of publications Sunday, Sep 24, 2006 ePaper |
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Corporate
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Alliances & Joint Ventures
Our Bureau
New Delhi , Sept. 23 Ranbaxy Laboratories Ltd has entered into a licensing agreement with Gilead Sciences Inc, covering manufacturing and marketing of Active Pharmaceutical Ingredient (API) and formulations containing Tenofovir Disoproxil Fumarate (TDF). While the API will be made available to other Gilead licensees in India, TDF formulations can be marketed in 95 developing countries, including India. Both API and formulations will be manufactured at Ranbaxy's manufacturing facilities in India. The licence allows for technology transfer from Gilead to Ranbaxy.
Brand name
Gilead sells TDF under the brand name Viread. TDF is increasingly being seen as an important first line as well as second-line drug for treatment of HIV infection. Commenting on the development, Ranbaxy's CEO and Managing Director, Mr Malvinder Mohan Singh, said, "We are continuously striving to provide access to high quality, affordable medicines to HIV patients across the developing world. The agreement with Gilead for Tenofovir will greatly help in that endeavour. With Ranbaxy's extensive ground presence and distribution network in most of the developing countries worst afflicted by HIV/AIDS, Tenofovir will quickly reach patients who are in dire need of this drug."
More Stories on : Alliances & Joint Ventures | Pharmaceuticals | Health | Ranbaxy Laboratories Ltd
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