Elder Pharmaceuticals today said it has launched ‘Zalain’, a medicine used to treat fungal skin infections, in India in association with Spain-based drug firm Ferrer.
“Zalain has been introduced in India as part of company’s strategy to strengthen its anti-infectives division which stood at about Rs 113.61 crore in FY’2012 and contributed 10 per cent to the total revenue,” Elder Pharmaceuticals Ltd Joint Managing Director Alok Saxena said in a statement.
The company is also planning to launch up to five nutraceutical products in India through partnerships with international firms in next six months as it looks to strengthen position in the segment.
The Mumbai-based drug firm at present markets various nutraceutical products in the country, including calcium supplement ‘Shelcal’ Its product portfolio consists licensed as well as own brands.
Elder Pharma’s revenues for the financial year ended March 2012 stood at Rs 981.89 crore.
Shares of Elder Pharma today closed at Rs 302.15 on the BSE, up 2.25 per cent over its previous close.
Published on June 5, 2012
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.