JB Pharma, a pharmaceutical company, has entered into an agreement with Glenmark Pharmaceuticals, to acquire the entire Razel (Rosuvastatin) franchise for the India and Nepal region for a whopping Rs 314 crores.
With this acquisition, JB Pharma will complete its cardiac portfolio making it one of the strong competition in this segment, as Razel ranks among the top 10 brands in the Rosuvastatin molecule category in the country. These brands are focused on the cardiac segment in India and Nepal with a total covered market size of Rs 2,444 crores as per IQVIA MAT Oct ’22 numbers.
Commenting on the acquisition, Nikhil Chopra, CEO and Whole Time Director, JB Pharma said, “We are glad to announce the acquisition of the Razel (Rosuvastatin & combinations) franchise, thereby marking JB’s expansion into Statins, which is the largest therapeutic segment in cardiology.”
He further added, “We see good growth potential from the acquired brands. This acquisition will help us leverage our existing Go-To-Market model focussed for this segment and further strengthen our chronic portfolio.”
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