Elder's Patalganga plant gets accreditation from Japan's health ministry.

03 Jan 2011

1

Elder Pharmaceuticals has received accreditation from Japan's ministry of health for its active pharmaceutical ingredients (API) plant at Patalganga in Maharashtra, Elder Pharma said in a statement to the Bombay Stock Exchange (BSE).

The accreditation will open up the fast growing Japanese markets for the company's products and strengthen Elder's position as a supplier of APIs and interrmediates, the statement added.

"Elder is positioning itself to be an API and advanced intermediate supplierv to the Japanese market. This accreditation for the API plant is a step towards strengthening Elder's position as a supplier of API and intermediates in the Japanese market," said Alok Saxena, director, Elder Pharma.

 "The company has also developed two products going off patent in the Japanese market in 10214. One of the products is from CNS category and the second is from the GI segment," he added.

Elder, meanwhile, has broadly filed a PCT patent for one of the advanced intermediates for the Japanese market.
 
The pharmaceuticals market in Japan, valued at $69.4 billion in 2009, is the second-largest pharma market in the world.

Japan is increasing the share of its healthcare spends on generics and is targeting this to go up to 30 per cent in 2013, it added.

Business History Videos

History of hovercraft Part 3 | Industry study | Business History

History of hovercraft Part 3...

Today I shall talk a bit more about the military plans for ...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of hovercraft Part 2 | Industry study | Business History

History of hovercraft Part 2...

In this episode of our history of hovercraft, we shall exam...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Hovercraft Part 1 | Industry study | Business History

History of Hovercraft Part 1...

If you’ve been a James Bond movie fan, you may recall seein...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Trams in India | Industry study | Business History

History of Trams in India | ...

The video I am presenting to you is based on a script writt...

By Aniket Gupta | Presenter: Sheetal Gaikwad

view more
View details about the software product Informachine News Trackers