Daiichi Sankyo to Leverage Ranbaxy's Presence in Mexico for Marketing and Distribution
New Division will bring Daiichi Sankyo's innovator products to Mexican market
Tokyo Japan and Gurgaon India, October
5, 2009, - Daiichi Sankyo Company Limited ("Daiichi
Sankyo") and Ranbaxy Laboratories Limited ("Ranbaxy") announced
today that the portfolio of Daiichi Sankyo would be commercialized
in Mexico through a recently created marketing Division within
Ranbaxy Mexico S.A. de C.V., a subsidiary of Ranbaxy. This is the
first time in Latin America that Daiichi Sankyo and Ranbaxy are
leveraging mutual synergies generated through the Hybrid Business
Remarking on the development, Mr. Takashi Shoda, President & CEO of Daiichi Sankyo, said, "We are dedicated to realize various synergies through our hybrid business model which enables both companies to fully realize their strengths. I am pleased to announce one of such synergy, our commitment to directly introduce Daiichi Sankyo products in Mexico leveraging Ranbaxy's strong platform. I believe our products will offer an excellent therapy option to the doctors and patients in Mexico."
Commenting on the occasion, Mr. Atul Sobti, CEO and Managing Director of Ranbaxy, said, "The creation of a Daiichi Sankyo Division within Ranbaxy - Mexico marks our first endeavour in creating a dedicated marketing arm for Daiichi Sankyo's portfolio of innovator products. Our understanding of Latin American markets and local presence pave the way for an efficient and immediate market entry for Daiichi Sankyo, while priming the channel for the launch of Ranbaxy speciality products in the future."
This hybrid model will enable the two companies to leverage their respective strengths in the dominant prescription segment, through the newly created Division, while continuing expansion in the rapidly evolving Generics market.
With an estimated population of 107 million people, Mexico is Latin America's second biggest market after Brazil. The annual pharmaceutical market in Mexico is about USD 10.4 billion and is ranked the 11th largest in the World.
Ranbaxy Mexico S.A de C.V. has a strong portfolio of generics and its products are available at leading generic customers and large Pharmacy chains. Additionally, it has licensing arrangements with leading Multinational companies.
About Daiichi Sankyo Company, Limited
A global pharma innovator, Daiichi Sankyo Company, Ltd., was established in 2005 through the merger of two leading Japanese pharmaceutical companies. This integration created a more robust organization that allows for continuous development of novel drugs that enrich the quality of life for patients around the world. A central focus of Daiichi Sankyo's research and development are thrombotic disorders, malignant neoplasm, diabetes mellitus, and autoimmune disorders. Equally important to the company are hypertension, hyperlipidemia or atherosclerosis and bacterial infections. For more information, visit www.daiichisankyo.com.
About Ranbaxy Laboratories Limited
Ranbaxy Laboratories Limited, India's largest pharmaceutical company, is an integrated, research based, international pharmaceutical company producing a wide range of quality, affordable generic medicines, trusted by healthcare professionals and patients across geographies. Ranbaxy's continued focus on R&D has resulted in several approvals in developed markets and significant progress in New Drug Discovery Research. The Company's foray into Novel Drug Delivery Systems has led to proprietary "platform technologies," resulting in a number of products under development. The Company is serving its customers in over 125 countries and has an expanding international portfolio of affiliates, joint ventures and alliances, ground operations in 49 countries and manufacturing operations in 11 countries.
Company name: DAIICHI SANKYO COMPANY, LIMITED
Representative: Takashi Shoda, President and Representative Director
(Code no.: 4568, First Section, Tokyo, Osaka and Nagoya Stock Exchanges)
Please address inquiries to Toshiaki Sai, General Manager,
Corporate Communications Department
Posted: October 2009