Drug firm Elder Pharmaceuticals has planned to enter the Japanese pharma market during the current fiscal, as it had received accreditation from the Japanese Ministry of Health for its Patalganga facility. It has filed for new patents in these markets. So hopefully it should get these during the current financial year, which would open up another $500 million market .The Japanese pharmaceutical market is valued at about $70 billion. It has a plan to actually try to get about 1-2% of the market share. The company's plant at Patalganga manufactures active pharmaceutical ingredients (APIs).It has also developed two products going off-patent in the Japanese market in 2014. One of the products is from the central nervous system (CNS) category and the second is from the gastrointestinal (GI) segment. Elder has already filed a PCT patent (an international patent application) for one of the advanced intermediates for the Japanese market and is in talks with Japanese generic companies for supply contracts. Spending on generic drugs in Japan, the second-largest pharma market in the world, is on the rise and the government is targeting to increase the share of these low-cost alternatives to 30% of overall healthcare spending by 2013.
| Company Name | CMP |
|---|---|
| Sun Pharma Inds. | 1675.20 |
| Dr. Reddys Lab | 1235.40 |
| Cipla | 1238.30 |
| Zydus Lifesciences | 942.55 |
| Lupin | 2324.25 |
| View more.. | |
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