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Healthcare (RGCH) -
Scaling New Heights...
Editor's Desk 1
CEO’s Column 2
RGCH - Scaling New Heights 3
Frontline 7
Global Moves 9
Honours & Awards 15
Financial Update 18
Heart of Business 19
Happenings 21
Newstrack 23
01
Editor's Desk
CEO’s Column
Dear Readers,
2009 has been a historic year for Ranbaxy. A year of great change, challenge; and opportunity.
It was also a year when most economies around the world did not grow, and currencies fluctuated significantly –
impacting business, pricing, liquidity, and profits. As you know, our business is very global.
During the year, there were some real significant events - the Company changed key ownership (from an Indian family,
to a Japanese corporate); we launched an important First to File (FTF) product, Valacyclovir, in the US; Paonta Sahib
plant was put under the Application Integrity Policy (AIP) by the USFDA, and our Gloversville facility received a warning
letter, and our anti malaria combination drug commenced Phase III clinical trials.
Despite the challenges, we remained focused and committed to our defined path. We continued to invest in the US and
India (in manufacturing and/or acquisition and /or resource).
On financials, we have surpassed our guidance, both on Revenue and Profit. The operational performance has
improved quarter on quarter. This has largely been possible due to our wide and deep business presence, across
developed and emerging markets; our timely decisions to change some specific country operating models; the value
of FTF opportunities in the US; and a comprehensive management of cost.
The integration within the Daiichi Sankyo (DS) group, through the Hybrid Business Model, is progressing well. This
unique and proactive Model has the potential to provide an excellent mix of innovative and affordable quality
medicine to people around the world. The scope is now wide and open – across geographies and functions. Some
implementation has already taken place – with a significant launch of a DS product, Olmesartan, in India, as Olvance.
Team Ranbaxy in 2009 has been exemplary – from the top management team that facilitated the smooth transition of
key ownership in May – a change of great magnitude in operation, sensitivity, and impact; to the US team that has
courageously and positively withstood some dark moments – and performed admirably again.
Our Toansa facility in India, and specific New Jersey facility in the US had successful FDA inspections; and all our
facilities, including Dewas and Paonta Sahib, had many successful inspections from regulators across the developed
world (outside of the US).
We thank all our stakeholders for their continued support, even in difficult times.
Going forward, quarter-on-quarter improving performance of 2009 has provided a good base and model, to build a
stronger 2010.
Atul Sobti
CEO & Managing Director
02
RGCH - Scaling New Heights
RGCH: A journey through the years
The Ranbaxy Global Consumer Healthcare (RGCH) story began in 2002 when Ranbaxy identified consumer
healthcare as its new business area and set up the OTC division. RGCH commenced its operations with the launch of
Pepfiz, Gesdyp and Garlic Pearls in the Indian market. The portfolios were strengthened with the inclusion of Revital.
RGCH today stands firm with 14 successful brands in the Indian market.
Though small, the business was viewed as being strategically important globally.
In 2005, Chericof brand was added to the kitty and in 2007, the division successfully managed the ethical to OTC
switch of an analgesic brand – Volini.
The challenge in the Indian context was to stride the overlapping space of FMCG marketing and Pharmaceutical
distribution, which was not an easy task. RGCH, therefore, chose a unique business platform, the rainbow coalition,
which is an integrated communication program targeted at doctors at one end and consumers at the other. In line with
this approach, the business reaches out to doctors to generate prescriptions and enhance doctor endorsements for
RGCH brands. Volini, for example, proudly acclaims to be India's No.1 prescribed brand in all its promotional
material. Simultaneously, giving the brand communication an emotional and human touch (like Revital's sign off line –
'Jiyo Jee Bhar Ke' – Live Life to the Fullest), helps in wide acceptability of the products.
The marketing efforts are supported by a strong sales and distribution system that includes a 150-strong sales force
and an outsourced medical marketing team. The products of RGCH reach 865 towns across India through more than
1000 OTC distributors.
Today, the division's flagship brand Revital, has crossed a turnover of Rs 1,000 million and is amongst India's top five
OTC brands. Volini, the topical analgesic brand, has crossed a turnover of Rs 600 million to become the fifth largest
and fastest growing brand among the top 10 pain rubefacients. The division has also launched Chyawan Active
(Sugar-free Chyawanprash), Revitalite (Protein Supplement) and Pepflux (Complete Antacid).
03
RGCH - Scaling New Heights
A look at the leading brands of RGCH:
REVITAL
Revital, a leading brand of RGCH, offers
a unique combination of Vitamins,
Minerals & Ginseng. Revital is one of the
most preferred brands of 'Daily Health
Supplement' among millions of
consumers in India, and one of the largest
selling brands in the Indian Pharma
Market.
The product was launched in early 90s as
a Vitamin Mineral supplement and soon
gained the trust of doctors and patients.
The brand witnessed steady growth over
the years as a product for recuperating
The making of a patients.
Mega Brand In 2002, Revital was moved to RGCH
division as its flagship brand. In order to
expand the usage of the product, it was
repositioned from a 'Recuperating Medicine' to a 'Daily Health Supplement', helping people live a fit and active life with
the brand promise ‘Jiyo Jee Bhar Ke' (Live Life To The Fullest). This change in positioning propelled the brand to newer
heights and in 2008 the brand sales doubled within three years.
The brand is continuously moving up the rank in the Indian Pharma Market and also features among the top 10 brands
today. It also appears amongst the top five brands in the Indian OTC market as per Nicholas Hall Yearbook, 2009.
The Revital success is largely attributed to an aggressive mix of first-of-its-kind in OTC market marketing and sales
initiatives, like the '21-day money back challenge', or the rural van promotion.
Taking the Revital promotion to the next level, Yuvraj Singh, the leading Indian cricketer, has been recently signed as
the brand ambassador for the product.
04
RGCH - Scaling New Heights
VOLINI
Volini's journey started around 16 years back as an ethical brand for
topical pain relief, being promoted to Orthopaedics and other doctors. In
merely six years of its launch, it became the No. 1 prescribed brand and has
managed to retain its leadership position for the past 10 years.
In January 2007, Volini was switched to RGCH as an OTC product. At the
time, the brand analysis showed that though it had the best formulation and
pain relief properties, it lacked awareness. This indicated that building
'awareness-led trials' was the roadmap for growth.
Post multiple consumer researches, the brand was targeted at 30+ women
and positioned as the one, which delivers 'Real pain relief', basis its superior
formulation, compared to its main competitors. This was further supported
by the brand's quick absorption property and No.1 doctor prescribed status.
With a vision to make Volini affordable and competitive, two new smaller
packs of gel and spray were launched in 2007. In 2008, 1million
consumers were sampled out Volini through magazines and below-the-line
activities. These small packs, along with aggressive marketing investments,
have been successful in generating brand trials and driving the growth of
Fastest growing brand in
Volini. the Pain Relief category
Volini's marketing activities have made the brand grow from Rs 380 million in 2006 to a Rs 600 million brand, in less
than three years. In the Rs 8 billion Topical Pain Relief Indian Market (in MRP terms), Volini enjoys a 10% market share
and is ranked at No.5. It is the fastest growing brand amongst the top five players (which includes legacy brands) with
30% annual growth.
Volini has now been launched in a path-breaking single use sachet, priced at Rs 5. As any marketer in India would
know, LUPs (Low unit packs) have changed the rules of many categories through their affordability. RGCH too, wants
people in every nook and corner of the country, to experience the best pain relief and not compromise by using any
pain product, just because Volini is not affordable.
PEPFIZ
Launched in 1993, Pepfiz is an effervescent tablet that dissolves in water to
provide a tasty and bubbly drink, while offering immediate and total relief
from gas, heartburn and indigestion. Along with an anti-foaming agent
(Simethicone) that reduces bloating, discomfort and pain, caused by excess
gas in the stomach or intestinal tract, Pepfiz combines a strong mixture of
Digestive Enzymes that help digest the excess food, thereby, eliminating all
troubles such as gas, heartburn, burping, heaviness or any other discomfort
caused by undigested food. It has shown a sharp growth of nearly 30%, and
seems all set for a high growth trajectory. After years of stable sales, it is now
being targeted more at consumers than at doctors.
It is currently available in tasty orange and lemon flavours. Soon it will be
available in two more new and exciting flavours.
With consumer acceptability over the last years and success in all consumer
activation programs, a new brand message 'Acidity aur Badhazmi ka Kaam Relief from
Tamaam' (A relief from acidity and indigestion) has emerged, focused at Acidity and Indigestion
explaining the brand in a humorous manner.
CHYAWAN ACTIVE
In the beginning of 2008, RGCH entered the Chyawanprash segment, launching its sugar-free product under the
brand name Chyawan Active, an ayurvedic proprietary medicine, developed by Ranbaxy's Herbal Drug Research
team. The product has been manufactured using a novel formulation technology, which not only preserves all the
benefits of Classical ayurvedic chyawanprash, but also ensures great taste, without any added sugar.
05
RGCH - Scaling New Heights
With lifestyle-related diseases on the rise, Chyawan Active offers an excellent
nutritional format for the entire family, especially to the health and calorie conscious
individuals, diabetics, obese and overweight people.
It is estimated that India has over 40 million diabetic patients, with 12% males and
16% females falling in the obese/overweight category. This phenomenon is
alarming and on the rise also among children and adolescents.
While, traditional chyawanprash contains almost 50-60% added sugar, Ranbaxy's
Chyawan Active does not have any added sugar, thereby, making it a healthy, low
calorie alternative for the existing consumers of chyawanprash. The chyawanprash
segment has a market size of around Rs 2,500 million and saw a growth of more
than l5% in terms of value and volume in 2007.
Chyawan Active launched a new advertising campaign highlighting the difference of
'No Added Sugar', thereby creating awareness among consumers of the product
being a healthier option to the category leader.
An excellent Nutritional
Product for the
entire Family
PEPFLUX
RGCH presents a new antacid – Pepflux, tagged as 'Acidity ka Best Upaay' (Best option for acidity),
in the second largest segment in the GI market. Pepflux is a unique antacid gel which can be truly
called 'the only complete antacid and gas relief formula in India'. It combines anti-reflux, antacid and
anti-flatulent agents in a powerful 5-in-1 formula. This makes it significantly more effective than other
antacids. Seconds after swallowing the tasty gel, the Alginic acid in the formula forms a raft in your
stomach, which prevents the excess acid from rising up to your throat or causing any kind of burning
sensations. The other ingredients then act on the acid and gas, removing them completely and
bringing you long lasting relief from acidity and gas. Pepflux is also sugar-free which makes it safe for
diabetics.
It is available in 'Ginger Mint' and 'Lemon Mint' flavours. It is tasty and gives a very cool and soothing
effect when swallowed. Unlike commonly available antacids which have a bad chalky taste and
lingering after taste, Pepflux has a smooth and silky texture. It is being accepted by doctors for acute A Complete
and chronic acidity, especially in cases where acid reflux is common. Antacid
REVITALITE
Ranbaxy launched its protein supplement under the brand name, Revitalite in
February 2009, marking its entry into the protein supplement market. Revitalite is
unique in its category as it offers the highest quantity and quality of protein in each
serving, compared to the existing brands. Revitalite is similar to world's largest
selling soy protein formulation and it comes at an affordable price. It can be mixed
with your favourite food or beverage.
Unlike other food components, protein is required to be consumed daily. Daily
adult requirement is approx. 50-60 gm and most of the available protein
supplement provide low quantity of protein. So one needs to take much higher
quantities and also several times a day. Revitalite delivers the highest quantity and
highest quality of protein in each serving, which helps to complete your daily
protein requirement.
Revitalite is preservative lactose and sugar-free. It is a soy-based protein powder,
Completes your daily ideal for lactose intolerant people. It can be added to any beverage like juice, milk,
lassi or any eatable while cooking. It is, therefore, ideal for young people on the
Protein Requirement move, children, men and women of all ages.
Ranbaxy has entered the protein supplement market, keeping in mind, the growing demand for high quality protein
supplements in the country. Revitalite offers an excellent option for the entire family. It will certainly address the problem
of protein deficiency, in people of all age groups.
Going forward, RGCH aims to scale new heights. It would contribute organically through its core brands like Revital,
Volini, Chericof and Pepfiz and also through the new product launches. Besides this, RGCH is also looking at
acquisition opportunities with possible OTC portfolios that will enable the company to expand its product basket and
business. RGCH would also look at some tactical brand acquisitions. Further, it will support the OTC business globally
by providing a rich product pipeline and marketing support, depending upon their requirements.
06
Frontline
THE ENERGY OF SYNERGY
Ranbaxy has established the "Synergy Office," which has the task of promoting synergies and thereby helping
maximize the opportunities for Ranbaxy and Daiichi Sankyo to expand their global operations.
SYNERGY OFFICE
AT
GURGAON,
INDIA
07
Frontline
Leveraging the "Hybrid Business Model” The team will explore and evaluate possible synergies that can be drawn
from the coming together of Daiichi Sankyo and Ranbaxy and also carry
Front End the overall decision-making process under the guidance of the Senior
Opportunities: Leadership team of Daiichi Sankyo and Ranbaxy.
Launched More molecules
Africa, Japan, Olmesartan & in pipeline across
Korea, Mexico,
The three-member team reports to the Steering Committee, comprising
combo in India geographies
OTC Dr Tsutomu Une and Mr. Atul Sobti. The team is the single point of
contact for all synergy and related discussions and will evaluate such
Back End projects on a global scale. It will facilitate and manage these projects
R&D: Manufacturing: Logistics: and, in its current role, will also be responsible for the realization of
Discovery/ Dedicated Unit, US, EU agreed synergies within an agreed time frame by ensuring the
Development/ Japan Generics Services: successful execution of projects. Synergies between Daiichi Sankyo and
CMC IT/Procurement Ranbaxy are key to successfully implementing the hybrid business. Both
the companies have made good progress so far in identifying potential
synergy areas and continue to hold intensive discussions to effectively realize them.
DAIICHI SANKYO GROUP TO EXPAND ITS BUSINESS IN JAPAN THROUGH ESTABLISHMENT OF DAIICHI SANKYO ESPHA
In February 2010, Daiichi Sankyo and Ranbaxy announced that Daiichi Sankyo will establish Daiichi Sankyo Espha
Co., Ltd. (“Daiichi Sankyo Espha”) on April 1st, 2010. Daiichi Sankyo Espha will market generic drugs, as well as
Daiichi Sankyo’s products which have gained a well-established reputation in the market. Completing their
strategic alliance in November 2008 to form the unique Hybrid Business Model, Daiichi Sankyo and Ranbaxy have
been moving forward to fully leverage the Model. Leveraging Ranbaxy’s strengths, Daiichi Sankyo Espha will
expand its product pipeline and continuously realize stable supply.
“Daiichi Sankyo is dedicated to meeting the universal desire of patients to improve their health and better balance
their lives,” said Takashi Shoda, President & CEO of Daiichi Sankyo. “We believe that our understanding of the
Japanese market and local presence united with the global expertise of Ranbaxy in the generic arena will enable us
to achieve efficient and immediate entry into the generic market.”
Remarking on the development, Atul Sobti, CEO and Managing Director of Ranbaxy, said, “Daiichi Sankyo’s
leadership in the Japanese pharmaceutical market will guide us to further expand our business in Japan. Ranbaxy is
committed to bringing high quality, affordable medicines to doctors and patients across the world.”
08
Global Moves
EUROPE
Daiichi Sankyo Company Limited and Ranbaxy Terapia SA, a subsidiary of Ranbaxy in Romania, will market the
Osteoporosis medication, Evista® in Romania. This is the first time in Europe, that Daiichi Sankyo and Ranbaxy are
leveraging synergies generated through the hybrid business model.
In 2006, Daiichi Sankyo acquired the marketing and distribution rights for Evista, an osteoporosis treatment, in six
European countries from Eli Lilly and Company. In 2008, Daiichi Sankyo acquired additional rights for the drug
covering all remaining countries in Europe, with the exception of Greece.
USA
Ranbaxy Pharmaceuticals Inc. (RPI), has made an agreement with Validus Pharmaceuticals LLC (Validus) to market
and distribute an authorised generic version of Rocaltrol® (calcitriol) in both softgel capsules and an oral liquid
formulation.
Rocaltrol® is indicated in the management of secondary hyperparathyroidism and resultant metabolic bone disease in
patients with moderate to severe chronic renal failure not yet on dialysis, and in the management of hypocalcemia and
the resultant metabolic bone disease in patients undergoing chronic renal dialysis.
“This product represents an excellent commercial opportunity for Ranbaxy which will increase our visibility and
presence in the US healthcare system. We look forward to a long and prosperous partnership with Validus,” said Jim
Meehan, Vice President, Sales & Distribution, RPI.
Ranbaxy expects to be the only generic company offering all forms and strengths of generic Rocaltrol®.
10
Global Moves
LATAM
ASIA - PACIFIC
CHINA - RANBAXY TRANSFERS STAKE IN RGCL TO HNG CHEMBIO PHARMACY CO. LTD.
Ranbaxy transferred its entire shareholding in Ranbaxy (Guangzhou China) Limited (RGCL) to HNG Chembio
Pharmacy Co. Ltd. (HNG) in December.
RGCL was a joint venture between the Ranbaxy group, Guangzhou Baiyunshan Pharmaceutical Company Limited,
Guangzhou, China and Hong Kong New Chemic, Hong Kong.
The transaction is a part of Ranbaxy's endeavour to develop a new business model for China which entails the
marketing of value-added pharmaceutical formulations and the consolidation of manufacturing operations, for cost
synergies. China continues to be an important market for Ranbaxy and this new approach will create greater value.
Ranbaxy dissolved its joint venture - 'Nihon Pharmaceutical Industry Co. Ltd' (NPI), in Japan in December. This follows
an agreement between the two companies that allows NC to purchase the entire shareholding of its erstwhile partner.
Both companies held equal shares in the JV. Following the transaction, NPI will become a wholly owned subsidiary of
Nippon Chemiphar.
In recent years, the Companies had discussed the evolving generic market scenario and the emerging opportunities,
in Japan. It was amicably concluded, that it would be in the best interest of both companies to develop their generic
businesses independently, for optimal value.
The existing generic products being manufactured and supplied from Ranbaxy's manufacturing plants, in India, will
continue to be supplied to NC, for some time, to enable a smooth transition.
Japan is the second largest Pharma market in the world and is gradually opening up to generic drugs. This provides
many opportunities for both companies to build and consolidate their presence in Japan.
11
Global Moves
ASIA - PACIFIC
Appreciating Ranbaxy's efforts, the Hon'ble Minister of Health, Malaysia, said, “It is praiseworthy that the Company has
brought down the prices of this essential drug to help the common people in this pandemic situation. They have even
gone one-step further to launch this campaign with the private clinics to provide affordable treatment to the public.”
AFRICA
Ranbaxy will launch Olmesartan Medoxomil, an antihypertensive originally discovered by Daiichi Sankyo, in six
African countries: Kenya, Mozambique, Nigeria, Tanzania, Uganda and Zambia. The products will be launched under
the brand name Olvance™, as soon as the necessary measures have been completed in each country.
"I am delighted to announce the introduction of Olvance in Africa through Ranbaxy's network," said Mr Takashi Shoda,
President & CEO of Daiichi Sankyo. "This is the first time in Africa that Daiichi Sankyo and Ranbaxy are leveraging
mutual synergies generated through the Hybrid Business Model and we will continue to explore other collaborations
with Ranbaxy that will help deliver our innovative products to the patients throughout the globe", he added.
Commenting on the occasion, Mr Atul Sobti, CEO and M D of Ranbaxy, said, "Ranbaxy has a significant presence in
the African continent. We will utilize our strong business network to bring the innovative medicines of Daiichi Sankyo to
the African people."
Olmesartan Medoxomil is a member of the Angiotensin receptor blocker (ARB) class of antihypertensive medications
that help lower blood pressure by blocking the angiotensin II receptor on the blood vessels and antagonizing the
release of hormone which causes salt retention and increased blood volume. Olmesartan Medoxomil is available in
more than 50 countries worldwide.
®
Ranbaxy launched Olmesartan Medoxomil as Olvance in India in April 2009, followed by the August launch of
Ol-Vamlo™, a fixed-dose combination of Olmesartan Medoxomil with Amlodipine Besylate.
12
Global Moves
INDIA
On World AIDS Day, Ranbaxy organised a WALKATHON to express its solidarity in fighting the struggle against
HIV/AIDS. The event, held in Mumbai on December 1, 2009, was attended by over 2,500 doctors from various
specialities. The event was flagged off at Nariman Point by the Commissioner of Police, Mumbai - Mr D Shivanandan.
13
Global Moves
INDIA
The forward looking and contemporary site has implemented many advanced procedures.
Major accomplishments:
• People participation in the design, implementation and monitoring of manufacturing operations and quality
system.
• Temperature monitoring of the RM store, Packing material, Cold storage and FG store, with the help of Wireless
Data Loggers to get continuous monitoring and real time data recording in non-editable format.
• Mobile alert system installed in cold rooms and other unmanned areas.
• Biometry-based Attendance Recording System.
The team at the site is now gearing up for the commercial production in 2010 and have all the synergies lined up for
achieving the organisational goals
14
Honours & Awards
RANBAXY HONOURS SCIENTISTS AND YOUNG BRIGHT SCHOLARS FOR
OUTSTANDING CONTRIBUTIONS IN MEDICAL AND PHARMACEUTICAL RESEARCH
Ranbaxy Science Foundation announced its 21st Annual Research Awards 2008 to Indian Scientists in recognition
of their outstanding research contributions made in the fields of Medical and Pharmaceutical Sciences. The
Foundation also announced its 3rd Annual Science Scholar Awards for the young, brilliant upcoming generation of
scientists.
The Awards were presented by renowned scientist Prof Peter C Doherty (Nobel Laureate) Laureate Professor,
Department of Microbiology and Immunology, University of Melbourne, Australia, at a special function held at the
National Institute of Immunology, New Delhi.
A total of six scientists and five science scholars were awarded.
15
Honours & Awards
Pharmaceutical Sciences
Dr G V Madhava Sharma, Scientist F (Deputy Director), Head Organic Chemistry Division III, Indian Institute of
Chemical Technology, Hyderabad, India, for his innovative contributions in developing novel routes for synthesis of
lead molecules in the areas of anti-asthma (PDE-4, ICAM-1 inhibitors), anti-HIV (NNRT inhibitors) and Proton Pump
inhibitors.
Prof Prasad V Bharatam, Professor, Department of Medicinal Chemistry, National Institute of Pharmaceutical
Education and Research NIPER, Punjab, India, for his innovative contributions in designing new anti-diabetic and anti-
malarial lead compounds.
16
Honours & Awards
RSF SYMPOSIUM
17
Financial Update
RANBAXY REPEATS STRONG OPERATING PERFORMANCE
FY 2009 PROFIT BEFORE TAX OVER RS. 1,000 CRORES; GLOBAL SALES AT RS. 7,344 CRORES
Consolidated Financial Performance for twelve months ended December 31, 2009
• Global sales were USD 1519 Mn (Rs. 73,441 Mn) [FY’08: USD 1,667 Mn; Rs.72,555 Mn]
• Profit Before Tax was USD 209 Mn (Rs. 10,098 Mn), a margin of 14% to sales [FY’08: USD (320) Mn; Rs. (15,000) Mn]
• Profit After Tax was USD 64 Mn (Rs. 3,107 Mn), a margin of 4% to sales [FY’08: USD (198) Mn; Rs. (9,349) Mn]
Consolidated Financial Performance for the quarter ended December 31, 2009 (Q4’09)
• Global sales were USD 482 Mn (Rs. 22,699 Mn), a growth of 25% over Q4’08 [Q4’08: USD 387 Mn; Rs.19,096 Mn]
• Profit Before Tax was USD 194 Mn (Rs. 9,389 Mn) [Q4’08: USD (242) Mn; Rs.(11,464) Mn]
• Profit After Tax was USD 54 Mn (Rs. 2,620 Mn) [Q4’08: USD (142) Mn; Rs. (6,798) Mn]
The effective tax rate is higher during the quarter, and the year, due to accounting treatment of taxes on unrealised profits, and partial impairment of deferred tax assets in accordance with
Accounting Standard 22 of Indian GAAP. Such tax adjustments are non-cash in nature, and are expected to be normalised over the coming quarters.
Europe
269 214
112
North America
CIS
Commenting on the business results for the quarter, Mr. Atul Sobti, CEO & Managing Director, Ranbaxy, said, “We realized various
opportunities, while continuing to manage key challenges. Good revenue growth in most key geographies, launch of two First-to-File (FTFs)
in USA, and continued cost containment, has ensured consistent quarter-on-quarter improvement in performance. The Company ended
the year with strong business and financial performance, and over achieved on the guidance given for the year.”
Key Highlights/Developments:
• Profitability improved in Q4’09 over previous year, as well as trailing quarter.
• Despite continued challenges in the US market, the Company successfully launched two FTF products with exclusivity viz., Valacyclovir
and Oxcarbazepine Suspension during Q4’09, and Sumatriptan earlier in the year.
• Due to strengthening of the Indian Rupee, gains on account of Mark-to-Market (MTM) translation losses booked earlier in the year were
substantially reversed.
• The Company rolled out project “Viraat”, aimed at strengthening its leadership position in the market.
• The Company’s facility at Paonta Sahib received GMP approvals from MHRA-UK, TGA-Australia and WHO, Switzerland. The
Batamandi facility at Paonta Sahib was approved by PMDA-Japan.
• The Company announced the commencement of Phase-III clinical trials for its new Anti-malaria combination drug, Arterolane Maleate
+ Piperaquine Phosphate, in India and Thailand.
• Realising synergies between Ranbaxy and Daiichi Sankyo (DS), the Company launched DS research products Olmesartan in India, and
Raloxifene in Romania. The Company has set up a new division to market DS products in Mexico. Ranbaxy will also launch Olmesartan
in six African countries
• The Company made its first USFDA filing from its new facility located at its SEZ in Mohali.
• In Q4’09, the Company received a Warning Letter from the USFDA for its facility at Gloversville, NY, USA. The Company has
responded to the observations of the regulator.
Outlook
During 2010, Ranbaxy expects to achieve sales of approximately Rs. 78 Bn (USD 1.7 Bn),
as against Rs. 73.4 Bn in 2009, a growth of 6%; and PAT of approx Rs. 4.6 Bn (USD 100 Mn), as
against Rs. 3.1 Bn in 2009, a growth of 48%. This estimate is based on the assumptions of
exchange rate of USD:INR of 46.00.
18
Heart of Business
CANADA - MAY DAY EVENT
Ranbaxy Pharmaceuticals Canada Inc. (RPCI) participated as a Special Events
Sponsor in a May Day event in Toronto. Many Canadian colleagues were present
at this special event held at Colonel Samuel Smith Park, in Southern Etocicoke
(Toronto). The event was hosted by The Gatehouse® - a charity that runs with a
mission to eliminate child abuse and to provide community responses to those
whose lives have been impacted by abuse. The Gatehouse® strongly believes in
the need for community support in the aftermath of child abuse. “A safe and
comfortable environment like The Gatehouse® offers people a comforting place
where they can feel supported,” said Paul Drake, President, RPCI. “They provide
both a safe place for children to disclose abuse to the police and child welfare
personnel as well as support services for adults whose lives have been affected by
childhood abuse. As a company, we are privileged to offer our sponsorship to this
worthy charity,” he added. The total donation for the event amounted to
US $15,000 and Ranbaxians were pleased to play a supporting role in achieving
this level of contribution.
19
Heart of Business
INDIA - DEWAS BLIND SCHOOL ACTIVITY
20
Happenings
(Left) US Ambassador to India, (Left) Dr Bob Davies (Minister for Trade &
H. E. Timothy J Roemer Industry, South Africa)
Mr Anand Sharma, Commerce Minister of India during the recently concluded CII mission to South Africa
21
Happenings
A high level delegation led by H.E. Wittaya Kaewparadai, Public Health Minister, Thailand & Thailand Ambassador
to India H. E. Krit Kraichitti at Ranbaxy Corporate Office
Mr Daniel Boda,
President Romania National
Medicine Agency with the
Ranbaxy Senior Management
at the Corporate Office
Ministry of Health, Bahrain, led by Dr Mohammad Nasser, Director of Pharmacy Control and
Ms Rehab, Chief Pharmacist of Salmanya Hospital along with Mr Nandakumar, Regulatory Manager,
Gulf Pharmacy (Ranbaxy's partner in Bahrain) at Ranbaxy's manufacturing facility in Dewas, India
22
February 27, 2010
February 26, 2010
Newstrack
Managing Editor: Ranbaxy World is edited and published by Ranbaxy World is also available on our website.
Ramesh Adige, Global Corporate Communications, www.ranbaxy.com
President - Corporate on behalf of Ranbaxy Laboratories Limited.
Affairs & Global
Corporate Corporate Office:
Communications, Ranbaxy Plot No. 90, Sector 32, Gurgaon, Haryana, India.
Tel: 91-124-4135000.
e-mail: corporate.communications@ranbaxy.com