Aurobindo Pharma Form JV to Tap Russian Pharma Market

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.