Lupin Buys Shionogi Brands As Japan Market Opens To Indian Firms

Kyowa, the Japanese arm of Indian major Lupin, is buying a basket of mature products including CNS drugs Rhythmy and Resmit from Shionogi. As innovator companies seek to shed older products in Japan, generic firms, especially Indian ones, are taking advantage to expand in the world's second largest pharmaceutical market.

Lupin Ltd., India's third largest drug firm by sales, on Aug. 2, said that its Japanese arm Kyowa Pharmaceutical Industry Co. Ltd. is acquiring 21 long-listed products (off-patent branded medicines) from Shionogi & Co. Ltd. , for 15.4bn yen ($150m).

The acquired products include the sleep inducing drug Rhythmy, the anxiolytic Resmit, the psychoneurotic agent Novamin, the antidepressant Surmontil, the gastritis and gastric ulcer treatment Ulgut and the oral hypoglycemic agent Dimelin

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