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ON
STRATEGIES OF RANBAXY
DEPARTMENT:- UIAMS
Company Profile
Ranbaxy Laboratories Limited (Ranbaxy), India's largest pharmaceutical
company, is an integrated, research based, international pharmaceutical
company, producing a wide range of quality, affordable generic medicines,
trusted by healthcare professionals and patients across geographies.
Ranbaxy today has a presence in 23 of the top 25 pharmaceutical markets of
the world. The Company has a global footprint in 46 countries, world-class
manufacturing facilities in 7 countries and serves customers in over 125
countries.
In June 2008, Ranbaxy entered into an alliance with one of the largest
Japanese innovator companies, Daiichi Sankyo Company Ltd., to create an
innovator and generic pharmaceutical powerhouse. The combined entity now
ranks among the top 20 pharmaceutical companies,
globally. The transformational deal will place
Ranbaxy in a higher growth trajectory and it will
emerge stronger in terms of its global reach and in
its capabilities in drug development and
manufacturing.
Financials
Ranbaxy was incorporated in 1961 and went public in 1973. For the year
2010, the Company recorded Global Sales of US $ 1868 Mn. The Company
has a balanced mix of revenues from emerging and developed markets that
contribute 50% and 44% respectively. In 2009, North America, the
Company's largest market contributed sales of US $ 660 Mn, followed by
Europe garnering US $ 272 Mn and Asia clocking sales of US $ 468 Mn.
Strategy
Ranbaxy is focused on increasing the momentum in the generics business in
its key markets through organic and inorganic growth routes. Growth is well
spread across geographies with focus on developed and emerging markets.
It is the Company’s constant endeavour to provide a wide basket of generic
and innovator products, leveraging the unique Hybrid Business Model with
Daiichi Sankyo. The Company will also increasingly focus in high growth
potential segments like Vaccines and Biogenerics. These new areas will add
significant depth to the existing product pipeline.
R&D
Ranbaxy views its R&D capabilities as a vital component of its business
strategy that will provide a sustainable, long-term competitive advantage.
The Company has a pool of over 1,200 R&D personnel engaged in path-
breaking research.
People
The Company’s business philosophy based on delivering value to its
stakeholders constantly inspires its people to innovate, achieve excellence
and set new global benchmarks. Driven by the passion of it’s around 14,000
strong multicultural workforce comprising of over 50 nationalities, Ranbaxy
continues to aggressively pursue its mission ‘To become a Research-based
International Pharmaceutical Company’.
Mission
➢ To become a research- based international Pharmaceutical
company
Values
➢ Achieving customer satisfaction is fundamental to our
business.
➢ Provide Products and services of the highest quality.
➢ Practice dignity and equity in relationship and Provide
Opportunities for our people to realize their full Potential.
➢ Ensure profitable growth and enhance wealth of the
shareholders.
➢ Foster mutually beneficial relations with all our business
Partners.
➢ Manage our Operations with high concern for safety and
environment.
➢ Be a responsible corporate citizen.
Vision 2012
➢ Achieve significant business in proprietary prescription
products by 2012 with a strong presence in developed
markets.
➢ History
➢ When we set out on our way in 1961, little did we realise the impact
we would make on the Indian and global pharmaceutical industry.
➢ Take a look at how Ranbaxy has grown through the decades......
2010
➢ Ranbaxy enters its golden jubilee year.
➢ Ranbaxy launches first to file (FTP) product, Donepezil
hydrochloride tablets 5mg and 10mg with 180 days market
exclusively in the U.S Healthcare system.
➢ Ranbaxy delivers quarterly sales of over US $ 500 mn for the
first time.
➢ Executive Team
➢ The Executive Committee is an apex body at Ranbaxy, that
oversees Company's global functioning. The group deliberates
on important Company issues steering it in the right direction.
The Committee ensures that all decisions are taken in the best
interest of the organisation. This forum brings in different
perspectives on a subject. Issues are discussed, analysed and
concluded through exchange of ideas, reflecting the Company's
philosophy of participative management. It also facilitates the
Company's compliance with the best standards of Corporate
Governance.
➢ Worldwide Operations
Global Pharma Companies are experiencing an ever changing
landscape ripe with challenges and opportunities. In this
challenging environment Ranbaxy is enhancing its reach
leveraging its competitive advantages to become a top global
player.
➢ Driven by innovation and speed to market we focus on
delivering world-class generics at an affordable price. Our
unwavering determination to achieve excellence leads us to new
global benchmarks. Our people have consistently risen above all
challenges maximized opportunities and positioned Ranbaxy as
a leader in the global generics space.
➢ Ranbaxy’s global footprint extends to 46 countries embracing
different locales and cultures to form a family of 50 nationalities
with an intellectual pool of some of the best minds in the world.
➢
Manufacturing Facilities
An organisations’ capabilities and intent are strongly reflected in the product
it manufactures. In other words, the manufacturing competencies and
facilities echo truly, the R&D extent and the ability to implement it for the
best of the market it targets.
RANBAXY® possesses the manufacturing strengths that have established it
as a producer of world-class generics, branded generics and a major
supplier of its range of Active Pharmaceutical Ingredients for
pharmaceutical products of companies worldwide.
Products
Using the finest R&D and Manufacturing facilities, Ranbaxy Laboratories
Limited manufacture and markets generic pharmaceuticals, value added
generic pharmaceuticals, branded generics, active Pharmaceuticals (API) and
intermediates.
The Company remains focused on ascending the value chain in the
marketing of pharmaceutical substances and is determined to bring in
increased revenues from dosage forms sales.
Ranbaxy's diverse product basket of over 5,000 SKUs available in over 125
countries worldwide, encompasses a wide therapeutic mix covering a
majority of the chronic and acute segments. Healthcare trends project that
the chronic treatment segments will outpace the acute treatment segments,
primarily driven by a growing aging population and dominance of lifestyle
diseases. Our robust performance in Cardiovasculars, Central Nervous
System, Respiratory, Dermatology, Orthopedics, Nutritionals and Urology
segments, clearly indicates that the Company has strengthened its presence
in the fast-growing chronic and lifestyle disease segments.
Top 10 Products (2009)
• Valacyclovir
• Simvastatin
• Co-Amoxyclav
• Ciprofloxacin and Combinations
• Amoxycillin and Combinations
• Isotretinoin
• Ketorolac Tromethamine
• Loratadine and Combinations
• Ginseng+Vitamins
• Cephalexin
• Atorvastatin and Combinations
CSR
Corporate Social Responsibility - Community Healthcare
Corporate Social Commitment and Public Service is deeply embedded into the cultural fabric of Ranbaxy. Over the years
serious efforts have been directed towards making a meaningful contribution
in uplifting and transforming the lives of the underprivileged. The Company
is also extremely conscious of its duty and responsibility towards the
environment. We continue to make sincere efforts to promote good health,
social development and better environment, through various Company
programs that contribute to sustainable, all round growth.
In 1978, in the wake of the grim health scenario in India, Ranbaxy realised
the urgency to reach out to the underprivileged sections of society that had
little or no access to basic healthcare. The Company took a conscious
decision to contribute towards the national objective “Health For All”.
Towards this end, the “Ranbaxy Rural Development Trust” was set up and
the first well equipped mobile healthcare van was introduced, in certain
underserved areas of Punjab. As the programme grew, the Ranbaxy
Community Healthcare Society (RCHS), an independent body, was created.
RCHS is devoted to the health of the disadvantaged. Today, multiple well
equipped mobile healthcare vans and an urban family welfare centre, run by
Ranbaxy, benefit over 2 lakh people, in identified areas in the State of
Punjab, Haryana, Himachal Pradesh, Madhya Pradesh and Delhi. The
programme is based on an integrated approach of preventive, promotive and
curative services, spanning areas of maternal child health, family planning,
reproductive health, adolescent health, health education including AIDS
awareness.