Cipla Ltd. Seeks Partners, Not Divestitures
Published: Aug 26, 2011
Cipla Ltd. one of India's top generic drug makers by sales, is open to entering marketing alliances with international drug companies for tapping the opportunity in emerging markets. Chairman Y.K. Hamied said there is a likelihood for the "creation of strategic alliances and various types of partnerships" as it is difficult for individual companies to simultaneously expand in all emerging markets. "There are areas where we are not very strong, but we have strong products, so we want somebody who's stronger in those areas to market our products there and vice versa," Mr. Hamied said during the company's annual shareholders meeting Thursday.