Pfizer to market 40 Strides Arcolab generic drugs in the US

07 Jan 2010

1

The world's largest drugmaker, Pfizer has struck a collaboration deal yesterday to sell 40 generic drugs manufactured by Strides Arcolab of India to expand the its  generics business in the US.

The first of the products commercialized under this collaboration is expected to be launched in 2010.

Under the deal, New York-based Pfizer will commercialise off-patent sterile injectable and oral products in the US through its 'established products business unit'.

These finished dosage form products will be licensed and supplied by Strides and its joint venture partner, Aspen Pharma of South Africa, in which each has a 50 per cent ownership interest in Onco Laboratories Limited and Onco Therapies Limited.

The companies believe this is a highly complementary collaboration, which is expected to deliver 40 off-patent products, many of which are oncology therapeutics, to healthcare providers and patients in the US, by joining Pfizer's solid commercial infrastructure with Strides's manufacturing capabilities.

Both companies did not disclose the financial terms of the supply agreement, but according to analysts, the deal could rake in approximately $300 to $400 million over a three-year period for Strides, while Pfizer could profit by over a billion dollars.

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