MENU × BUSINESS
Banking And InsuranceCryptocurrencyDigital MarketingErpFood And BeveragesHealthcareLegalMarketing And AdvertisingMedia And EntertainmentMetals And MiningOil And GasRetailTelecom
TECHNOLOGY
Artificial IntelligenceBig DataCloudCyber SecurityE CommerceEducationGaming And VfxIT ServiceMobileNetworkingSAPScience And TechnologySecuritySoftwareStorage
PLATFORM
CiscoDatabaseGoogleIBMJuniperM2MMicrosoftOracleOracleRed Hat
LEADERSHIP
CEO ReviewCompany Review
MAGAZINE
ASIA INDIA
STARTUPS CLIENT SPEAK CONTACT US

The Silicon Review Asia

Sun Pharma signs a formal agreement with AstraZeneca to develop cancer-related drugs

Sun Pharma signs a formal agreement with AstraZeneca to develop cancer-related drugs

Sun Pharma has signed a new agreement with AstraZeneca to develop and distribute cancer/oncology-related drugs to China. A recent report stated that the Indian generic pharmaceutical giant Sun Pharma with AstraZeneca is all set to produce anti-cancer drugs. It also said that Sun Pharma will be taking care of development, regulatory filings, and manufacturing of the products. AstraZeneca will be exclusively responsible for promoting and distributing these products in China.

Sun Pharmaceutical Industries Ltd has also entered into a licensing agreement with AstraZeneca UK Ltd to introduce certain novel and unique ready-to-use infusion oncology and anti-cancerous products for cancer patients in China. The initial time/tenure of the agreement is said to be for 10 years from the day of first commercial sale of the developed products in China, but the financial terms and conditions of the agreement are kept confidential.

“We see a great potential to introduce our specialty and generics products in the growing China market and this licensing agreement is another positive step in that direction,"stated Kal Sundaram, director of corporate development at Sun Pharma, was quoted as saying in the release.

This agreement will help bring cheap and cost-effective drugs to cancer patients in China. The drug quality will be improved, and also will help both the firms to gain popularity and large market value in countries like Asia, Asian-Pacific, and other European countries in the coming time.

YOU MAY ALSO LIKE

Marketing Partnership: NBA, McDonald’s Will Jointly open NBA Experience Zones India

There is good news for all basketball fans in India. Very soon, NBA themed promotions and experience zones will be launched in India. The announcement...

Dunzo to Raise Funds from Google, others

Dunzo, the app which is trying to make life easier for the people upto some extent plans to raise about Rs. 183 crore from different investors which a...

Sapta Shakti Command Will Be Displaying Defence Technology Equipment at Jaipur Military Station

This event is organised with an aim to provide an opportunity where one and all can experience the developments in the field of defence and security-r...

Samsung is All Set to Roll out Its Galaxy A9 Smartphone On November 20

After Samsung unveiled its new Galaxy A9 smartphone in Singapore last month, the company is all set to launch it in India on November 20. In Singapore...

RECOMMENDED