Daiichi to use Ranbaxy network in Africa
Daiichi and Ranbaxy announced on Monday that Ranbaxy would launch Olmesartan Medoxomil, an anti-hypertensive originally discovered by Daiichi Sankyo, in six African countries that include Kenya, Mozambique, Nigeria, Tanzania, Uganda, and Zambia.
The companies will launch the products under the brand name Olvance soon. The same drug was launched in India earlier this year and is available in more than 50 countries worldwide.
Just two months back, the merged entity had said that Daiichi’s drug portfolio would be commercialised in Mexico through a newly-floated marketing division within Ranbaxy’s Mexican subsidiary, Ranbaxy Mexico SA de CV.
The company expects this hybrid model to capture the dominant prescription segment in the country.
With an estimated population of 107 million people, Mexico is Latin American region’s second largest market after Brazil, with annual pharma sales of about $10.4 billion. It is also the world’s eleventh largest pharma market.
Before that, in September, Daiichi and Ranbaxy said that Terapia SA, a subsidiary of Ranbaxy in Romania, would market the osteoporosis medication, Evista in Romania, East Europe. With a population of 22 million, Romania is Eastern Europe’s second biggest market after Poland. Annual turnover in the Romanian pharmaceutical market is
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