Venus Remedies has received renewal of recognition for its in-house R&D excellence by the Department of Scientific and Industrial Research (DSIR), Ministry of Science & Technology, Government of India. This renewal underscores Venus Remedies' commitment to innovation, excellence in research, and its significant contributions to healthcare. With 15 patented products brought to market and several others in the pipeline, company's R&D portfolio demonstrates a progressive approach to drug development. The company has consistently invested in research and development. The company invested 3.53% of its total sales in R&D, from which it has generated 5.25% of its total revenue, which stood at Rs 575.18 crore in FY 2021-22. The R&D spend for the same period amounted to Rs 20.31 crore.
This renewal of recognition from DSIR reinforces company’s position as a research-driven pharmaceutical company dedicated to bringing innovative and effective solutions to address global healthcare needs.
The company has emerged as a pioneer in developing innovative medical solutions to combat antibiotic resistance, a global health concern. As part of its commitment to addressing antimicrobial resistance, VRL has created a range of patented superbug-fighting solutions, including Elores. In recognition of its efforts to combat antimicrobial resistance, Venus Remedies has become a member of the AMR Industry Alliance (AMRIA), joining over 100 globally renowned organizations in a coordinated response to this critical issue.
Venus Remedies is one of the handful player in pharmaceutical sector to launch world global injectable manufacturers.
| 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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