Companies

Venus enters cancer segment, to invest $2 m

Press Trust of India Chandigarh | Updated on March 12, 2018 Published on February 15, 2011

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Pharma major Venus Remedies Ltd today announced the launch of its super speciality oncology segment ?Passion Oncobiz', entailing an investment of $2 million.

" ...with the launch of Passion Oncobiz, Venus will further reinforce its industry position and expects a 10 per cent growth in the market share by 2015," said the Venus Remedies' Chairman and Managing Director, Mr Pawan Chaudhary, in a statement.

The anti-cancer drug segment constitutes 30 per cent of the total sales of the company with more than 100 market authorisations from 25 countries, including the UK, Germany, Poland, Portugal.

Venus will be investing $2 million for the promotion of this sub business unit.

Currently, the domestic market is growing at an annual rate of around 30 per cent and the current sales of anti- cancer products is estimated at $150 million - $200 million a year.

Mr Chaudhary said, "The therapies which will be used in the treatment of cancer will include a product basket of 21 products covering all types of cancer."

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Published on February 15, 2011
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