Stock Report

Sanofi & Cipla announce exclusive distribution partnership to expand reach of CNS portfolio in India

Posted On : 2024-03-26 21:08:28( TIMEZONE : IST )

Sanofi India Limited ("SIL") (BSE: 500674 NSE: SANOFI) and Sanofi Healthcare India Private Limited (together referred as "Sanofi India") and Cipla Limited ("Cipla") (BSE:500087; NSE: Cipla EQ) today announced an exclusive partnership for distribution and promotion of Sanofi India's Central Nervous System (CNS) product range in India. As a part of this partnership, Cipla will be responsible for the distribution of Sanofi India's six CNS brands including Frisium®, a leading brand in the anti-epileptic medication category.

While Sanofi India will continue to own, import, and manufacture its complete range of CNS products across plants in India and internationally, Cipla will leverage its capabilities and robust India-wide network of strong marketing and sales professionals, distributors, institutions, and market outreach programs to expand access to these treatments for patients who need them.

Mr. Rodolfo Hrosz - Managing Director, Sanofi India Limited, "Sanofi India's CNS products are leaders in their respective categories. These well-established brands already improve lives of many patients across urban centres in the country. Cipla's wide presence will enable us to expand the reach of this portfolio to healthcare professionals and patients across all India."

Mr. Achin Gupta - Chief Executive Officer - One India Business, Cipla Limited, "Enhancing access to high quality treatments is central to our purpose of 'Caring for Life'. We are pleased to collaborate with Sanofi India to enhance accessibility to highly efficacious and quality therapeutic solutions in CNS and bring value to patients across the country. Central Nervous System is one of the most challenging areas in medicine, and we believe this partnership is a significant step forward to address unmet needs of patients."

Sanofi India continues to focus on accelerating its strong innovation pipeline into India, across multiple therapeutic areas including Diabetes, Transplants, Rare Diseases, Consumer Healthcare and Vaccines.

Shares of Cipla Limited was last trading in BSE at Rs. 1471.70 as compared to the previous close of Rs. 1480.80. The total number of shares traded during the day was 19354 in over 1400 trades.

The stock hit an intraday high of Rs. 1481.80 and intraday low of 1460.85. The net turnover during the day was Rs. 28466575.00.

Shares of Sanofi India Limited was last trading in BSE at Rs. 7710.85 as compared to the previous close of Rs. 7615.80. The total number of shares traded during the day was 1892 in over 537 trades.

The stock hit an intraday high of Rs. 7725.00 and intraday low of 7570.00. The net turnover during the day was Rs. 14470718.00.