Venus Remedies has already received patents for Elores from 46 countries. The drug was launched in India in January 2013.
The company, which has inked a memorandum of understanding (MoU) with Austell Laboratories, expects to launch the drug in South Africa by mid-2015.
In an interview to CNBC-TV18, Dheeraj Aggarwal, CFO, Venus Remedies spoke about revenue prospects of Elores, for which the company recently won patent from Japan.
Venus Remedies received patent from Japanese Patent Office for Elores - the antibiotic against superbugs.
Pharma firm Venus Remedies today said it has signed a deal with South Korean drug company Goodwills Co Ltd for exclusive marketing of its antibiotic drug 'Elores'.
Venus Remedies today said it is aiming to garner around USD 100 million (over Rs 500 crore) in the next five years from its new drug that is used for combating spread of bacterial resistance.