Pharmaceutical Sector

Lupin acquires Germany-based Hormosan Pharma

Indian pharmaceutical major Lupin Limited has acquired Hormosan Pharma, a German Sales and Marketing firm for an undisclosed amount.

Marksans Pharma gets nod for Metformin HCL; Stock up 4%

Ranbaxy Pharmaceuticals Inc. launches Omeprazole in United States

Ranbaxy launches Amlodipine tablets in Japan

Onco Therapies signs licensing and supply pact with GSK

Onco Therapies Limited (OTL), the joint venture between Strides Arcolab Limited and South Africa's Aspen Pharmacare Holdings Limited, has informed that it has accomplished a licensing and supply agreement with GlaxoSmithKline (GSK), the world's second largest drugmaker.

The licensing and supply agreement is for 95 emerging markets, excluding Sub-Saharan Africa and India.

Under the deal, OTL will license intellectual property and supply finished dosage form pharmaceuticals to GSK. OTL will recover intellectual property development costs from GSK in addition to sharing profits from the commercialization of the products.

The first of the products is expected to be launched in 2010.

MeadWestvaco, Bilcare buy packaging company

Bilcare and US-based Meadwestvaco Corp have acquired a pharmaceutical company International Labs, Florida.

The amount of deal and terms and conditions of deal are not disclosed by the companies.

International Labs said that the deal will boost up the packaging business across the globe. It is known for contract packaging for retail pharmacies and large drug manufacturers.

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