Sanofi India Ltd and Emcure Pharmaceuticals announce exclusive distribution partnership to broaden reach of Sanofi's Cardiovascular brands

The Board of Directors of Sanofi India Limited ("SIL") today approved an exclusive distribution and promotion agreement between SIL and Emcure Pharmaceuticals Limited ("Emcure") for SIL's Cardiovascular products in India, effective immediately.

Emcure Pharmaceuticals will exclusively distribute and promote the Company's Cardiovascular (CV) range of products that include well-established brands like Cardace®, Clexane®, Targocid®, Lasix® and Lasilactone®.

While SIL will continue to own, import, and manufacture these brands across Sanofi's plants in India and internationally, Emcure will leverage its strengths to engage healthcare professionals and expand reach of these therapeutic solutions for patients who need them across all areas of India.

Sanofi India's concerned employees will have the opportunity to work at Emcure.

Mr. Rodolfo Hrosz Managing Director, Sanofi India Limited, "Sanofi has been committed to improving lives of patients in India through its range of products. Sanofi India has many cardiovascular products which are leaders in their respective categories. With Emcure's wide presence across India, our partnership will benefit both HCPs (Healthcare Professionals) and patients by creating the opportunity to maximize the reach of our CV products."

Mr. Satish Mehta - Chief Executive Officer and Managing Director, Emcure Pharmaceuticals Limited, "At Emcure Pharmaceuticals our competitive advantage lies in our established presence in all major therapeutic areas including cardiology. We're delighted to have the opportunity to partner with Sanofi India as their range of well-established cardiovascular brands will complement our strong CV portfolio, making it a highly robust offering. Towards this endeavour, Sanofi's relevant team also has the opportunity to join us."

Sanofi continues to give fresh impetus to its business in the Country with an accelerated growth plan - 'India for India', across its pharmaceuticals, specialty, consumer healthcare and vaccines businesses.

Shares of Sanofi India Limited was last trading in BSE at Rs. 8016.45 as compared to the previous close of Rs. 8319.25. The total number of shares traded during the day was 1143 in over 579 trades.

The stock hit an intraday high of Rs. 8324.00 and intraday low of 7920.65. The net turnover during the day was Rs. 9250373.00.

Source : Equity Bulls

Keywords

SanofiIndia INE058A01010 Exclusive Distribution Promotion Agreement EmcurePharmaceuticals CardiovascularProducts