Elder Pharmaceuticals, leading company in the pharmaceutical formulation plans to launch almost three dozen new products in the coming 30 months. The company has earmarked an investment of about Rs 120-130 crore for this product launches.
In coming 30 months the company is likely to launch almost 32-35 new products in niche therapeutic segments like female healthcare, osteoporosis, dermatology, pain management, cardiology, nutraceuticals, wound care and vitamin supplements. The company’s larger focus will be on self-researched products but it will consist of a combination of in-licensed and own products. The company’s scientists are also working on new products, new drug delivery systems and combination therapies in niche therapeutic segments like osteoporosis, dermatology, cardiology, pain management, wound care, vitamin supplements and aim at launching at least 3-4 new products in each of these segments.
The entity is also looking at the wound care and pain management segments which currently contribute about 16% to Elder's turnover and anticipated to grow at over 15% every year. It is in talks with about 4-5 international companies for launching their world renowned products in India and South Asia.
| Company Name | CMP |
|---|---|
| Sun Pharma Inds. | 1847.30 |
| Dr. Reddys Lab | 1293.25 |
| Cipla | 1347.70 |
| Zydus Lifesciences | 938.90 |
| Lupin | 2377.90 |
| View more.. | |
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