Eli Lilly plans expansion, looks to grow presence in Indian market Noor Arora
Eli Lilly will bring its pipeline of oncology and diabetes drugs to India as it looks to grow its presence in the market. The USheadquartered drug maker which has been relying on partnerships to sell its drugs in India, on Wednesday launched its patented rheumatoid arthritis drug Olumiant that they plan to market on their own. In the last three years, it has launched eight products while in the last 22 years of its presence in the country it launched 10 products (molecules and molecule variants). The US-headquartered company has a pipeline of seven molecules that are currently in phase III clinical development and around ten are in phase II clinical testing. Eli plans to bring some of its molecules from the global pipeline to India, especially in the oncology and diabetes space. Currently, diabetes is the largest therapy segment for Eli in India. Data from AIOCD AWACS showed that Eli had clocked a 51.4 per cent growth in sales value over the last one year (MAT September 2018). This data, however, does not include the revenue from partnerships. Luca Visini, managing director of Eli Lilly and Company, India, Sri Lanka, Nepal and Bangladesh said that, “We want to launch drugs in any country as soon as we can.�
ARTICLE SOURCE: BS