Natco Pharma Ltd.

Natco Pharma Ltd may exit from pharmacy business in the US soon.The Hyderabad-based company, which currently operates SaveMart Pharmacy in Lancaster, Pennsylvania, US, is actively considering its sale. Natco plans exit from pharmacy business as it now has ‘no synergies' with company's business strategy.

The original idea behind venturing into the pharmacy business was to sell its own products in US markets. This is no longer required as the company has entered into various strategic partnerships for that,

Natco Pharma was the first Indian pharma company to enter into pharmacy business in the US in 2006 by acquiring 75 per cent stake in K & C Pharmacy, a general partnership firm based in New Jersey, US, with a retail pharmacy outlet, Nicks' Drugs. In the present financial year, the revenue from SaveMart was about Rs 81 crore ($18 million) which a major chunk of revenue as Natco was expecting to close the year with about Rs 500 crore.crackcrack