Torrent’s strategic alliance with Reliance Life Science for biosimilars
Torrent Pharmaceuticals Ltd , Ahmedabad based pharma company, has announced its entrance into an exclusive licensing agreement with Reliance Life Sciences for marketing 3 biosimilars in India – Rituximab, Adalimumab and Cetuximab.
As per that agreement, Reliance Life Science will develop and supply these products to Torrent Pharma after obtaining all necessary regulatory approvals.
Torrent Pharma will be the only company to market there biosimilars in India other than Reliance Life Science.
Torrent Pharma forayed into the oncology and dermatology segments in 2011 – 12 with the launch of exclusive divisions and has since gained a strong position in these segments. The licensing agreement with Reliance Life Sciences is expected to significantly boost its presence in these segments in the coming years.
Rituximab and Cetuximab cater to the oncology segment and are used in the treatment of various cancers like Leukaemia, Lymphoma, colorectal, head and neck cancers. Adalimumab is the most preferred therapy for the treatment of auto immune disorders like rheumatoid arthritis, psoriasis and IBD.
As per the terms of the agreement, Reliance Life Science will manufacture these products at its facility in Navi Mumbai and supply to Torrent Pharma for a period of ten years.
Torrent Pharma has in the past launched the biosimilar Darbepoetin under the brand name of Darbatitor which is used during dialysis. Its acquisition of the domestic formulations business of Elder Pharma has already given it a strong foothold in the pain management segment.
Indeed biosimilar is the great opportunity for Indian pharma companies. I think hardly few biosimilar is available as of now in market. But many companies like DRL, Intas, Ranbaxy, Zydus all are already exploring the opportunity to bring the same.
Indeed this is one of the strategy bigger players of pharma industry are adopting to get differentiated from others. Biosimilar development is costly affairs which is difficult to adopt by smaller companies.
Yes very true. Next couple of year indian pharma industry going to witness lit more Biosimilar entry.
What is the market size of Biosimilar in India?
Great !!! Torrent is really boosting pharma business. Now they are in front runner .. must be in top 10 in India.
Yes. This moves certainly will put torrent in top 10 in Indian pharma market.