Académique Documents
Professionnel Documents
Culture Documents
Introduction
Indias largest pharmaceutical company. Incorporated in 1961 Atul Sobti is currently Ranbaxy CEO and Managing Present Chairman- Dr. Tsutomu Une Exports its products to 125 countries Ground operations in 46 countries Manufacturing facilities in 7 countries. HQ: Gurgaon, Haryana.
Director
History
Started by Ranbir Singh and Gurbax Singh in 1937. In 1998, Ranbaxy entered the United States market Japanese company Daiichi Sankyo gained majority control in 2008.
Financials
2008- Global Sales of US $ 1,682 Million Growth of 4%. North America, the Company's largest market contributed sales of US $ 449 Million India clocking sales of around US $ 300 Million Market share in India is 5%
Major Setback
December 2005, Ranbaxy's shares hit hard by a patent ruling disallowing production of its own version of Pfizers drug Lipitor. September 2008, the FDA issued two Warning Letters to Ranbaxy and an Import Alert for generic drugs produced by two manufacturing plants in India.
Product portfolio
Anti-Infectives Cardiovascular Diabetes Dermatological Neuro-Psychiatry Pain management Gastro-Intestinal Nutritional A strong player in the NDDS segment. Biological formulations such as Verorab (Rabies Vaccine) and Vaxigrip (Flu Vaccine),
Introduction
Japan based pharmaceutical company. Established in 2005 - merger of Sankyo Co., Ltd. and Daiichi Pharmaceutical Co., Ltd. Head Office Tokyo Leading company in the field of cardiovascular drugs. Workforce - 29,272 people (as of September 30,2009) Capital - 50 billion yen U.S. subsidiary, Daiichi Sankyo, Inc. (DSI) European subsidiary, Daiichi Sankyo Europe GmbH (DSE)
History
Sankyo
Established in 1913
Daiichi Pharmaceutical
Established in 1918 September 28, 2005 - DAIICHI SANKYO COMPANY, LIMITED
2006 Started operation of DAIICHI SANKYO HEALTHCARE CO., LTD. Started operations of DAIICHI SANKYO Inc. Started operations of Daiichi Sankyo Europe GmbH
April 1, 2007- started operations as the newly formed DAIICHI SANKYO Group
Products
Sankyo -
Benicar (olmesartan medoxomil) Mevalotin (pravastatin) Loxonin (loxoprofen) Olmetec (olmesartan) Captopril Zantac (ranitidine) WelChol (colesevelam HCl) Effient (Prasugrel)
Daiichi Pharmaceutical
Cravit (levofloxacin) Evoxac (cevimeline) FloxinOtic (ofloxacin) Gracevit (sitafloxacin, only sold in Japan)
RANBAXY-DAIICHI SANKYO
THE DEAL
THE DEAL
Provide Stronger Platform for Drug Development, Manufacturing & Global Reach Aim to be Research based International Pharmaceutical Company.
THE DEAL
34.8% stake worth 10,000 crores($2.4 billion) At Rs 737 per share Daiichi will pick up another 9.4% through Preferential Allotment Open offer of 20% to Shareholders of Ranbaxy
THE DEAL
On June 11 2008, Daiichi Sankyo acquired a 34.8% stake in Ranbaxy valued at $2.4 billion. In November 2008, Daiichi-Sankyo completed the takeover of the company from the founding Singh family in a deal worth $4.6 billion by acquiring a 63.92% stake in Ranbaxy.
THE DEAL
Mr. Singh plans to Invest his $2.4 billion in: Financial Services & Hospitals Religare Fortis
Daiichi moves from 22nd rank to 15th among world largest pharmaceutical companies
Daiichi: an Innovator
MARKET PENETRATION
Ranbaxy gets a support in the R&D Sector where it lags Daiichi forays in the Generics sector with Indias largest Generics Manufacturer Penetration of Ranbaxy in Japanese market made easy and same for Daiichi in India
For Ranbaxy
Significant milestone in becoming a research-based international pharmaceutical company. Ranbaxy will gain easier access to the much-coveted Japanese market by operating from within the Daiichi Sankyo The immediate benefit for Ranbaxy is that the deal frees up its debt and imparts more flexibility into its growth plans.
For Daiichi
Easier to enter the Indian market. Bigger goal - in securing a strong presence in the global market for generics. The acquisition will help Daiichi Sankyo to jump from number 22 in the global pharmaceutical sector to number 15. The main benefit is Ranbaxys low-cost manufacturing infrastructure and supply chain strengths.
Will be able to reduce its reliance on only branded drugs and margin risks in mature markets. Benefit from Ranbaxys strengths in generics to introduce generic versions of patent expired drugs, particularly in the Japanese market. Additional NDAs from the US FDA on antihistaminics and anti-diabetics is an added advantage.
Both companies acquire a broader product base, therapeutic focus areas and well distributed risks.
Impact of it on Daiichi
Daichii have to face competitor of Ranbaxy Ranbaxy acquisition puts Daiichi Sankyo in red Price Daiichi paid for acquisition was quite high compared to the present pricing of other Indian generic drug making companies. Lots of government restrictions on Ranbaxy drug Daiichi has to appoint industry experts to resolve issues related to the USFDA
Impact of it on Daiichi
Daiichi Sankyo's Loss Forecast The FDA's latest findings come less than a month after Daiichi Sankyo reported a $3.7 billion loss in the OctoberDecember quarter and warned that annual earnings would swing to a loss. The Tokyo-based company now expects a net loss of $3.2 billion this fiscal year through March, instead of the previously predicted $663 million gain, largely because of the yen's recent strength and the Ranbaxy deal The currency hedges by Ranbaxy would cost the Japanese drugmaker around $122 million this financial year
Impact of it on Daiichi
Japan accounts for 68 per cent of Daiichi Sankyos sales, with North America being the second largest market contributing 20 per cent, followed by Europe with 9 per cent and other markets 3 per cent. SoThe fourth-quarter net loss of the Japanese pharma giant amounts to $390.1 million, which has been attributed to the acquisition of Ranbaxy. Daiichi Sankyo might have been deceived by Ranbaxy by analyst Fumiyoshi Sakai. Expiring of Ranbxy patent cutting down the royalty payment