Please login to the form below

Not currently logged in
Email:
Password:

Novartis said to want out of Indian vaccines venture

Reports in India claim the pharma company is pulling out of its deal with Panacea Biotec

Novartis building

Novartis plans to exit an eight-year-old vaccines joint venture with India's Panacea Biotec and intends to go it alone, according to reports.

An article in the Economic Times suggests that the collaboration, which focused on the development and sale of paediatric vaccines for the Indian market, will soon be dissolved, citing an anonymous source.

The joint venture was set up in 2004 between Panacea and Chiron, which was acquired by Novartis for $7.5bn back in 2008 as a bolt-on vaccines unit. It sells a range of vaccines including shots against polio, hepatitis B, anthrax and dengue fever, as well as pentavalent vaccines used in childhood immunisation programmes.

The paper suggests that Panacea will have to find another marketing partner for its vaccines business, which has been struggling in the wake of a World Health Organization (WHO) decision to remove it from the prequalified list of pentavalent vaccine suppliers in 2011.

Meanwhile, the company has also fallen foul of regulatory authorities in India, which seized more than 15,000 vials of pentavalent vaccine earlier this year after an investigation suggested that expiry dates on their labels had been falsified.

The company secured a 345 million polio vaccine order from the Indian government last December worth around $27m, and there have also been signs that Panacea's non-vaccine business has been picking up of late.

It also forged two new collaborations for generic pharmaceutical products signed towards the end of last year with UCB subsidiary Kremers Urban Pharmaceuticals and Osmotica Pharmaceutical.

Article by
Phil Taylor

29th August 2013

From: Sales

Share

Tags

Related Hub content

Featured jobs

Subscribe to our email news alerts

PMHub

Add my company
PAN

PAN specialises in original, enticing, aspirational and engaging digital and print solutions to maximize brand potential (www.influentialcreativity.com) `Influential creativity' is...

Latest intelligence

Easier access to medicines in the UK?
Cutting through the NICE value-based assessment consultation to find out what’s at stake...
Exploring MINT: Part 3 - Nigeria
In the third of a series of posts focusing on each of the ‘MINT’ markets, I take an in-depth look at the opportunities and challenges for pharma in Nigeria....
BL_Where_Now_20140721_CoverImage.jpg
3 Steps to Navigating Multichannel in Healthcare
You know about multichannel, but... where now? Download the 3 Steps to Navigating Multichannel in Healthcare ebook to learn what you should do next when planning your multichannel campaign....