July 23, 2017 2:03 AM ET

Pharmaceuticals

Company Overview of Hetero Drugs Limited

Company Overview

Hetero Drugs Limited, a pharmaceutical company, develops, manufactures, and markets active pharmaceutical ingredients (APIs), intermediate chemicals, and generic finished dosages for the biopharmaceutical industry. It offers APIs, including cytotoxics to the pharmaceutical companies that manufacture formulations and other products; generic formulations; CPS; biologics; anti-retroviral drugs; and biosimilars, including monoclonal antibodies. The company also develops formulations, novel drug delivery systems, new chemical entities, and more. In addition, it provides research and manufacturing services for various pharmaceutical companies; and franchises its operations. It offers its products ...

7-2-A2

Hetero Corporate Industrial Estates

Sanath Nagar

Hyderabad,  500018

India

Founded in 1993

Phone:

91 40 2370 4923

Fax:

91 40 2370 4926

Key Executives for Hetero Drugs Limited

Founder, Chairman & MD
Age: 63
Whole Time Director
Age: 60
Director of Production and Whole Time Director
Age: 48
Compensation as of Fiscal Year 2017.

Hetero Drugs Limited Key Developments

Oasmia Pharmaceutical AB Enter into A New Exclusive Marketing and Distributions Agreement with Hetero Group

Oasmia Pharmaceutical AB has entered into a new exclusive marketing and distributions agreement with Hetero Group with the goal of driving revenue in Russia and other CIS markets. Under the agreement, Hetero will be responsible for the marketing and distribution of Paclical in Russia and several other markets spanning CIS markets, including Ukraine and Kazakhstan. The relationship is a significant one for Oasmia, as Hetero possesses a large distribution and sales operation in the region and will be investing its own resources into the marketing of Paclical and future Oasmia products Doxophos and Docecal, for which they have an option to distribute. The terms in the agreement are similar to the previous agreement for the region. Oasmia and Hetero Group have also signed a letter of intent regarding India and South America, which will be negotiated separately.

Hetero gets Drug Controller-General of India Nod for Hepatitis C Generic

Hetero has received approval for the generic version of Sofosbuvir and Velpatasvir combination drug from the Drug Controller-General of India. The approved drug is a generic of Gilead’s Epclusa brand and is indicated for the treatment of chronic Hepatitis C genotype 1 to 6. It will be distributed and marketed in the domestic market under the brand Velasof by Hetero Healthcare. This product will be launched under a non-exclusive agreement with Gilead Science Inc, which allows it to manufacture and sell generic versions of its chronic Hepatitis C medicines in 101 developing countries.

Hetero Bags DCG(I) Approval for Generic Version of Daclatasvir Tablets

Hetero has received the approval from Drug Controller General (India) for the generic version of Daclatasvir tablets (30mg, 60mg). The product in combination with Sofosbuvir is indicated for the treatment of Hepatitis C genotype 3 infections, which is highly prevalent in India. The product is a generic version of Bristol-Myers Squibb's brand 'Daklinza,' approved by US FDA in July 2015. Daclatasvir is one of the direct-acting antivirals for hepatitis C treatment. Research studies indicates that this drug enables the rapid decline of Hepatitis C virus. Daclatasvir is included the World Health Organization's List of Essential medicines.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
March 24, 2017
Purva Land, Purva Marine and Purva Hotels
 

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
The Advertising Council, Inc. United States
Rush University United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Hetero Drugs Limited, please visit www.heterodrugs.com. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.