I first became aware of Ranbaxy Laboratories Ltd. (RLL) when I was in school.. probably around 4th std .. I was bitten by a dog and my dad (who is a doctor) gave me 3 Rabies Vaccines manufactured by Ranbaxy. Ever since .. for no particular reason I have liked the company.
Ranbaxy has manufacturing facilities in 7 countries and are expanding day by day. They have notable global acquisitions and alliances. A decade ago .. Ranbaxy dared to dream .. to achieve the impossible.. to become a billion dollar company by 2004. Today RLL is India's largest generic drug manufacturer, with annual global sales exceeding $1 billion. Whats impressive is they are trying to shake off the 'generic drug manufacturer' tag and are investing in research facilities heavily. So whats next? $5 billion by 2012 :-)
Posted by anya at March 11, 2004 06:32 PM | TrackBackHi Aniruddha
first and foremost wish u a very happy birthday.....hope u got my sms....
About Ranbaxy yes it is BIG and getting BIGGER and BETTER.
The main reason for their heavy emphasis is the new patent rules coming into play from 2005.Till now it was the Process patent system,meaning you could get away with producing the same medicine by just altering one step in the manu process.So you have crocin,metacin,anacin and what not cin!
Now it will be the Product patent system.So regardless of the process,if the end prod is the same, you got to shell out the dough!and thats going to affect a lot of companies real bad!
Happy Birthday again!
Dr.Gautam
Posted by: Dr. Gautam at March 12, 2004 01:45 AM