Burger line Burger line Burger line
Logo Logo Logo
Burger line Burger line Burger line
Menu
Sign in
Sign in

Britain's AstraZeneca to distribute Sun Pharma cancer drugs in China

BENGALURU (Reuters) - Top Indian drugmaker Sun Pharmaceutical Industries Ltd said on Wednesday Britain’s AstraZeneca would distribute some of Sun’s cancer treatment drugs in China, the world’s second-largest pharmaceutical market.

Shares of the Mumbai-based company rose as much as 5.4% to a nine-week high after the announcement.

As per the licensing agreement, Sun will be responsible for development, regulatory filings and manufacturing of the drugs, while AstraZeneca will exclusively promote and distribute the products in China, according to a filing here to Indian stock exchanges.

The company did not name the drugs covered under the agreement, which comes after Chinese President Xi Jinping last month welcomed Indian investment in pharmaceuticals here and textiles.

Cancer has been on the rise in China, driven by air pollution and high rates of smoking. Water pollution and excessive use of chemical fertilisers and pesticides have also been blamed for an increase in cancer rates in rural areas.

“We see a great potential to introduce our speciality and generic products in the growing China market,” said Kal Sundaram, Sun Pharma’s director of corporate development.

Financial terms of the agreement, which has an initial tenure of 10 years, were not disclosed.

NOVEMBER 7, 2019

https://www.reuters.com/

0 items in Cart
Cart Subtotal:
Go to cart
You will be able to Pay Online or Request a Quote
Catalog
Services
Company

We use "cookies*  to ensure the functionality of our website, recognise your browser or device, learn more about your interests, and provide you with essential features and services and for additional purposes, including:

Recognising you when you sign-in to use our services. This allows us to provide you with product recommendations, display personalised content, and provide other customised features and services.
Keeping track of your specified preferences. You may set your preferences through Your Account..
Keeping track of items stored in your shopping basket and personal cabinet.
Conducting research and diagnostics to improve ChemDiv’s content, products, and services.
Delivering content, including ads, relevant to your interests on ChemDiv’s site
Reporting. This allows us to measure and analyse the performance of our services.

By  cookies you give consent to the processing of your personal data, including transfer to third parties. Further information can be found in our privacy policy.

Accept all cookies