Cipla Medpro to collaborate with Teva for generics in South Africa

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Cipla Medpro to collaborate with Teva for generics in South Africa

Home/Pharma News | Posted 07/11/2014 0 Post your comment

India-based generics maker Cipla announced on 8 October 2014 that it had made a collaboration deal with Israel’s Teva Pharmaceuticals for sales and distribution of the latter’s generic drugs in South Africa.

The agreement is between Medpro Pharmaceuticals, a subsidiary of Cipla Medpro and Teva Pharmaceuticals, an affiliate of Teva Pharmaceuticals Industries, the company said in a filing to the Bombay Stock Exchange (BSE).

The collaboration with Teva in South Africa aims to provide South Africans with access to a broad range of affordable medicines. The deal will include oncology, central nervous system, women’s health, cardiovascular, ophthalmology, and other speciality products.

South Africa’s generics utilization rate in 2012 was 53.4%, according to the 2012 Mediscor Medicines Review (MMR). Cipla gained a 25% stake in the manufacturing division of Cipla Medpro – South Africa’s third largest drugmaker – back in 2010 [1].

The status of generic substitution in South Africa

Reference
1. GaBI Online - Generics and Biosimilars Initiative. India’s top pharma company strengthens ties with South Africa [www.gabionline.net]. Mol, Belgium: Pro Pharma Communications International; [cited 2014 Nov 7]. Available from: www.gabionline.net/Generics/News/India-s-top-pharma-company-strengthens-ties-with-South-Africa

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Source: BSE