Moneycontrol Be a Pro
Get App
you are here: HomeNewsBusiness
Last Updated : Aug 16, 2019 10:10 PM IST | Source: Moneycontrol.com

Sun Pharma enters pact with China Medical Systems to commercialise 7 generic products

The total addressable market size for all these eight products is about $1 billion (as per recent IQVIA data) in Mainland China.

Moneycontrol News @moneycontrolcom
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Sun Pharma, India's largest drug maker, said on August 16 that it had granted an exclusive license to a subsidiary of China Medical System Holdings(CMS) to develop and commercialize seven generic products in Mainland China.

The collaboration with CMS now covers eight generic products, which include the seven products referred above.

The total addressable market size for all these eight products is about $1 billion (as per recent IQVIA data) in Mainland China.

Close

The initial term of the agreement shall be 20 years from the first commercial sale of the respective products in Mainland China and may be extended for additional three years’ as per mutual agreement of the two parties, the company said in a statement.

“This collaboration gives us entry into the Chinese generic pharmaceutical market. We see lot of potential in China for both our generics and speciality portfolio," said Dilip Shanghvi, Managing Director, Sun Pharma

"With more than 65 percent generics penetration, China represents a significant opportunity for generic pharmaceutical companies,” Shanghvi added.

In June 2019, Sun Pharma had announced a collaboration with CMS on two speciality products, Tildrakizumab and Cyclosporine A 0.09 percent (CsA) eye drops for the Greater China market.

Indian drug makers are increasingly focusing on the world's second largest drug market on the back of reforms such as faster approvals for drugs approved by USFDA.

The Great Diwali Discount!
Unlock 75% more savings this festive season. Get Moneycontrol Pro for a year for Rs 289 only.
Coupon code: DIWALI. Offer valid till 10th November, 2019 .
First Published on Aug 16, 2019 08:49 pm
Loading...
Sections
Follow us on
Available On
PCI DSS Compliant