Venus Remedies, a research-based global pharmaceutical company, is all set to storm into South-east Asia with marketing authorization for its flagship research product, Elores, from Myanmar. The company plans to launch the drug in Myanmar by April.
The company has already received patents for Elores from 46 countries. The registration procedure of this product is in advanced stages in 13 European Union member-nations and 15 other countries, including South Korea, South Africa and Saudi Arabia. The company has signed deals with South Korean pharmaceutical company Goodwill Pharma and South African firm Austell Laboratories for the exclusive marketing of Elores.
Elores has been receiving a tremendous response from the medical fraternity across the country ever since it was launched in India in January 2013. The size of Myanmar’s pharmaceutical market is $400 million and the country imports 85-90 percent of its pharma products. It is looking to capture a sizeable chunk of the antibiotics market in Myanmar.
| Company Name | CMP |
|---|---|
| Sun Pharma Inds. | 1675.20 |
| Dr. Reddys Lab | 1235.40 |
| Cipla | 1238.30 |
| Zydus Lifesciences | 942.55 |
| Lupin | 2324.25 |
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