Preview

project report on ranbaxy

Powerful Essays
Open Document
Open Document
9475 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
project report on ranbaxy
COMPANY PROFILE
The Indian pharmaceutical industry is at the center stage in the global healthcare arena and Ranbaxy endeavors to be at the forefront in delivering the India centric advantages to the advanced and developing countries of the world.
From a small domestic company at inception, Ranbaxy has grown formidably to be a Billion dollar institution that was envisioned by Late Dr Parvinder Singh, Chairman and Managing Director, Ranbaxy in early 90's.
It is with the unwavering ' dedication ' and the ' will to win ' of Team Ranbaxy across the globe that it has traversed this journey so far.
Whilst it continues to enhance the momentum of its generics business in key geographies, parallel to that it is also accelerating its drug discovery program. Ranbaxy is committed to provide quality generics at affordable prices to the patients worldwide with a view to help bring down the healthcare costs. It is confident that its efforts would see the Company emerge as a leading player in the global generic space in the years to come.
As Ranbaxy moves ahead towards its mission to become a Research based International Pharmaceutical Company. It believes it is the spirit of Team Ranbaxy that would enable It to reach out to Vision 2012."

Overview
Ranbaxy Laboratories Limited, India's largest pharmaceutical company, headquartered in India, 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. It is ranked amongst the top ten generic companies worldwide. The Company has manufacturing operations in 7 countries with a ground presence in 49 countries and its products are available in over 125 countries.
Ranbaxy was incorporated in 1961 and went public in 1973. For the twelve months ended December 31, 2005, the Company's Global Sales were at US $1178 Mn. Overseas markets accounted for 75% of global sales. The

You May Also Find These Documents Helpful

  • Good Essays

    In 2011, the patent for Lipitor expired and many companies have begun to make generic versions. Ranbaxy has been making a generic brand of the medicine since late last year. Ranbaxy recalled the medicine out of caution with the knowledge of the FDA. The FDA has been carefully watching Ranbaxy since the investigation and sanctions back in 2006. Federal investigators found that Ranbaxy did not test the shelf life and safety factors of drugs and lied about results. Ranbaxy signed a decree that stated that they would improve manufacturing procedures, ensure product data and make sure for five years a third party would be used to review the company. Ranbaxy had $500 million set aside to cover potential criminal and civil liability. The company conducted a two week investigation of how the glass particle was found in the medication. There were no injuries caused by the tainted medicine and the problem of how the glass particles were found. Given its high volume of need for the drug there may be shortage of the drug over the next two weeks. Pharmacies and wholesalers will be the two most impacted (Walton,…

    • 736 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Teva Pharmacuetical

    • 2882 Words
    • 12 Pages

    More than 100 years ago Teva Pharmaceuticals opened their doors as a wholesale drug distributor in Jerusalem. Today they have become the world’s leading producer of generic pharmaceuticals. Revenue has grown from $91 million in 1985 to $8.5 billion in 2006. This growth has not been easy and derives from key strategic decisions made along the way in order to amass these huge dollars amounts. Teva’s mission is to play a leading role in the transformation of the healthcare system through the development, manufacture and marketing of generic pharmaceuticals. Teva’s organizational structure is a symbol of their fundamental business strategy, highlighting their global strength and pharmaceutical diversity. This allows them to continue to expand their core generic business across all geographies and leverage their global reach and scientific strength to develop new innovative products and technologies. Teva has picked an industry in which there will always be a need, medicine. However, it is their approach to prescription medicine that will decide the future of Teva.…

    • 2882 Words
    • 12 Pages
    Powerful Essays
  • Powerful Essays

    | This firm is the world’s largest prescription-pharmaceutical company, and has a very broad and deep pipeline of ethical pharmaceutical, supported by robust research and development budget. The company has divested several of its non-pharmaceutical businesses, and become the partner of choice for licensing deals with other pharmaceutical and biotechnology firms…

    • 2519 Words
    • 11 Pages
    Powerful Essays
  • Best Essays

    Pfizer Industry Review

    • 4325 Words
    • 18 Pages

    The pharmaceutical industry began in the early 1800’s when several chemical companies were founded in Philadelphia, marking the beginning of our current pharmaceutical manufacturing industry (Pfizer, 2008a). Founded in 1849, Pfizer has grown into a multibillion-dollar corporation by providing many of the highest quality drugs available today (Pfizer, 2007). However, many factors impact the continued success of Pfizer and the pharmaceutical industry in general. After reviewing these factors, it is our recommendation that Pfizer focus on short-term consolidation and long-term global expansion into emerging markets while focusing research and development efforts in the biotech sector.…

    • 4325 Words
    • 18 Pages
    Best Essays
  • Powerful Essays

    Merck Business Analysis

    • 1943 Words
    • 8 Pages

    The global pharmaceutical market is likely to undergo a wide variety of changes with new competition arising in India, China, Malaysia, South Korea, and Indonesia. This new competition has a growing economy and has made a difference between the product cost and disposable income of consumers. According to NASDAQ (2011),“ Global pharmaceutical market sales are expected to grow at a 4-7% through the year 2013 largely being driven by the growing access to health care in emerging economic regions” (para. 2-5). Short-term growth within this area is stimulated by the United States market, as it continues to be the largest pharmaceutical market in the world. A focal point on research and development in special drugs and generic drugs will remain a strong means to meet 2011 goals of earning $315 billion dollar in sales within the United States.…

    • 1943 Words
    • 8 Pages
    Powerful Essays
  • Good Essays

    2006 was a challenging transitional year for Bristol-Myers Squibb. We experienced the significant negative impact of generic competition in our pharmaceutical business, and made the difficult decision to change leadership of the company. We also achieved preliminary settlement of an investigation of drug pricing, sales and marketing practices that began many years ago. At the same time, we were successful in launching several promising new products, expanding key businesses and advancing our robust pipeline—all in areas of serious unmet medical need. As a result, Bristol-Myers Squibb is now well positioned to begin growing sales and earnings, and to build shareholder value.…

    • 84801 Words
    • 340 Pages
    Good Essays
  • Powerful Essays

    Ego Executive Report

    • 3226 Words
    • 13 Pages

    Greene, W. (2007), “The emergence of India’s pharmaceutical industry and implications for the US Generic Drug Market”, US International Trade Commission.…

    • 3226 Words
    • 13 Pages
    Powerful Essays
  • Satisfactory Essays

    Case Study2 Merck Company

    • 606 Words
    • 5 Pages

    •Although company is 15 years old, none of its drug was successfully completed by FDA…

    • 606 Words
    • 5 Pages
    Satisfactory Essays
  • Powerful Essays

    William, G. (2007). The Emergence of India’s Pharmaceutical Industry and Implications for the US Generic…

    • 4700 Words
    • 19 Pages
    Powerful Essays
  • Good Essays

    Bristol-Myers Squibb and other pharmaceutical companies have very limited space for the development of competitive advantage. This is due to the limitations set in patents available for new pharmaceuticals. Most chemicals in pharmaceutical products have an equivalently functional substitute making it possible to have multiple products on the market that have identical uses and outcomes. This being the case, pharmaceutical companies can’t rely on one particular product to provide competitive advantage.…

    • 758 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    There were two pharmaceutical companies that were looking for ways to expand globally to position themselves in a competitive advantage from their competitors. One was located in the United States, which was Eli Lilly and Company and the other one was located in India, which was Ranbaxy Laboratories. Research and development was crucial to Lilly’s long-term success. Ranbaxy Laboratories was a firm that was evolved into a serious research-oriented firm. With the change, in the government, India was attracting foreign investors in the pharmaceutical industry. Lilly decided to form the joint venture in India to focus on marketing Lilly’s drugs there, and a formal JV agreement was signed in November 1992.…

    • 3230 Words
    • 13 Pages
    Powerful Essays
  • Best Essays

    narayan, a. e. (2011, december 01). ranbaxy lipitor copy in us stores threatens pfizer sales. Retrieved december 10, 2011, from businessweek.com: busineesweek.com/news/2011-12-01/ranbaxy-s-lipitor-copy-in-u-s-stores-threatens-pfizer-sales.html…

    • 4183 Words
    • 17 Pages
    Best Essays
  • Powerful Essays

    Bangladesh pharmaceutical companied focus primarily on branded generic final formulations, mostly using imported APIs (Active Pharmaceuticals Ingredient). Branded generics are a category of drugs, including prescription products, that are either novel dosage forms of off-patent products produced by a manufacturer that is not the originator of the molecule, or a molecule copy of an off-patent product with a trade name. About 85% of the drugs sold in…

    • 1184 Words
    • 5 Pages
    Powerful Essays
  • Powerful Essays

    Beximco Pharma is a leading edge pharmaceutical company and is a member of the Beximco Group,the largest private sector industrial conglomerate in Bangladesh. The firm started operation in 1980,manufacturing products under the licenses of Bayer AG of Germany and Upjohn Inc. of USA andnow have grown to become nation 's one of the leading pharmaceutical companies, supplying morethan 10% of country 's total medicine need. Today Beximco Pharma manufactures and markets its own`branded generics ' for almost all diseases from AIDS to cancer, from infection to asthma, fromhypertension to diabetes for both national and international markets.…

    • 1429 Words
    • 6 Pages
    Powerful Essays
  • Powerful Essays

    Currently total market size of pharmaceutical product is 12 billion and the share of Nepali companies in the market is 35 % with 45 manufactures operating and (5– 18) in the pipeline. With an annual growth rate of 19 %, this sector is one of the fastest growing industries. This sector is contributing around 12 billion to nation’s economy of which domestic industry accounts for approximately 4 billion. This sector has become strong and stable in various aspects .…

    • 4869 Words
    • 20 Pages
    Powerful Essays

Related Topics