Aurobindo Pharma Form JV to Tap Russian Pharma Market
9/8/2011 8:15:23 AM
Indian drugmaker Aurobindo Pharma said on Wednesday it has formed an equal joint venture with Russia's Diod to make and sell generic drugs and over-the-counter products in Russia, Belarus and Kazakhstan. Aurospharma Company - the joint venture firm - plans to build a manufacturing unit in Russia by end 2013 to make non-penicillin and non-cephalosporin generics and other over-the-counter products, Aurobindo said in a statement. The joint venture would also source penicillin, cephalosporin and few other therapy products manufactured by Aurobindo Pharma in India and sell them in the Russia, it said.