Tuesday, August 4, 2020
Home Business Biocon to Make Three Generic Drugs for Hard-Selling in China

Biocon to Make Three Generic Drugs for Hard-Selling in China

The 10-year agreement envisages Biocon to supply the products to CMS for selling in mainland China

Biotechnology major Biocon would make three generic drugs for hard-selling in China through partnership, the company said on Saturday.

“We have signed an agreement with the subsidiary of China Medical System Holdings Ltd (CMS) to develop, manufacture and supply three generic drugs in the Chinese market,” the city-based firm said in a statement.

The 10-year agreement envisages Biocon to supply the products to CMS for selling in mainland China.

“The foray into China is a part of our long-term generic formulations strategy to expand our business in the Chinese pharmaceuticals market,” said the statement.

Biocon, Drugs, China
Biotechnology major Biocon would make three generic drugs for hard-selling in China through partnership, the company said on Saturday. Pixabay

As the world’s second largest pharma market, the addressable market size for the three drugs is about $800 million (Rs 5,680 crore), according to IQVIA, a US multinational firm that serves health IT and clinical research.

“The collaboration with CMS will allow us to take our US approved generic formulations to patients in China with an early entry,” said Biocon Chief Executive Arun Chandavarkar in the statement.

Also Read- Tiny Bubbles in Our Body might Potentially be Used to Treat Cancer

The company, however, did not specify the diseases which the three generic drugs will aim to treat. (IANS)

STAY CONNECTED

18,965FansLike
362FollowersFollow
1,783FollowersFollow

Most Popular

2 US Astronauts Return Back From International Space Station

Two U.S. astronauts returned to Earth on Sunday, splashing safely into the Gulf of Mexico after a two-month mission to the International Space Station...

Making Ayodhya Railway Station A Replica of Ram Temple

When people arrive in Ayodhya in the coming months, they will get a glimpse of the grand Ram temple before they actually visit the...

10 Things People with Drug Problem Don’t Want to Hear from You

Drug addiction is a very sensitive issue that no one wants to be associated with. Most people who became addicts started it as a...

386M Databases From 18 Companies Stolen

A hacker/hacking group known as ShinyHunters flooded a hacker forum with 386 million user records stolen from 18 companies. According to BleepingComputer, ShinyHunters last week...

‘Unfixable Vulnerability’ Found in Apple’s Secure Enclave Chip puts Users’ Data at Risk

A new exploit has allegedly been found in Apple's Secure Enclave chip putting the data of iPhone, iPad, Mac users at risk. Chinese hackers from...

Amitabh Bachchan Shares Emotions After Covid Recovery, Raksha Bandhan Plans

Cine icon Amitabh Bachchan has said it is heartening to be back home from hospital after his Covid recovery. He has also revealed his...

Volcanic Eruptions Responsible for Cooling of Earth: Researchers

Analysis of sediment found in a central Texas cave in the US shows volcanic eruptions responsible for the cooling of the Earth around 13,000...

Entertainment Industry has Made us Whatever we are: Ravi Dubey

Actor Ravi Dubey says it is not easy for television actors to make it big in Bollywood. "It's not easy, because there are times certain...

Recent Comments