India's Mankind Licenses Entresto From Novartis, Acquires Panacea’s Brands

$1Bn Revenue Forecast For FY22

Mankind Pharma has licensed Novartis’ heart failure therapy Entresto in India, executive chairman Ramesh Juneja tells Scrip. The privately-owned company has also acquired the generics business of Panacea in India and Nepal for over $255m.

Handshake Showing Concept Of A Deal
Mankind Pharma Strikes Two Deals • Source: Alamy

Mankind Pharma Ltd. has entered into an agreement with Novartis AG to license the heart failure therapy Entresto (sacubitril/valsartan) that the latter sells in India as Vymada.

“We will market and distribute the product under our brand Neptaz and Novartis will manufacture it,” Ramesh Juneja, founder and executive chairman of the privately-owned Indian

Read the full article – start your free trial today!

Join thousands of industry professionals who rely on Scrip for daily insights

  • Start your 7-day free trial
  • Explore trusted news, analysis, and insights
  • Access comprehensive global coverage
  • Enjoy instant access – no credit card required

More from Business

More from Scrip

Copycats Compound Novo’s Wegovy Growth Problems

 

The US FDA has ordered compounders of the Danish firm's obesity drug semaglutide to shut up shop later this month, but competition from Eli Lilly is only increasing.

Stock Watch: Market Optimism Outshines Q1 Currency And Tariff Woes

 
• By 

The weak US dollar helped some companies reporting first-quarter results and hindered others reporting in stronger currencies. But even the impacts of currencies and Medicare modernization on first-quarter revenues were overlooked when an end to the trade wars seemed possible.

First Win For AstraZeneca’s Enhertu In Early-Stage Breast Cancer Treatment

 

Already dominating in later lines of breast cancer treatment, Enhertu could now displace both chemotherapy combinations and Roche’s Kadcyla in early-stage HER2-positive patients.