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INDIA BUSINESS WORLD - October 1st - October 15th - 2008
WOCKHARDT SIGNS 10-YEAR IN-LICENSING PACT WITH UK CO
Wockhardt has signed a 10-year exclusive, in-licensing agreement with UKbased Sinclair Pharma to market a range of dermatology and dental products in the country. Wockhardt will leverage its technological capabilities by manufacturing the formulations in India from bulk imported from Sinclair Pharma. Wockhardt is also in talks with Sinclair on contract manufacturing of the signed products for their European markets and to bring in to India the next phase of dermatology products from the Sinclair stable. Wockhardt chairman Habil Khorakiwala said: “As a part of our India business strategy, in-licensing is seen as one of our key growth drivers. These in-licensing deals will fulfil our aim of getting niche global products for the benefit of our Indian patients."
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