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Ranbaxy Pharmaceuticals Inc history
Ranbaxy Pharmaceuticals Inc company history timeline
European sales added 16 percent to the company's sales in 2004.
Ranbaxy posted revenues of $1.18 billion in 2004.
The company was founded on September 28, 2005 and is head headquartered in Tokyo, Japan.“
Daiichi Sankyo was established in 2005 through the merger of Sankyo Company, Limited (三共株式会社 Sankyō Kabushiki Kaisha?) and Daiichi Pharmaceutical Company, Limited (第一製薬株式会社 Daiichi Seiyaku Kabushiki Kaisha?), which were century-old pharmaceutical companies based in Japan.
The company's transition into research-based product development was seen as crucial as India announced its intention to enforce international drug patents at the beginning of 2005.
In 2006, Daiichi Sankyo acquired Zepharma, the OTC drugs unit of Astellas Pharma.
On June 10, 2008, Daiichi Sankyo agreed to take a majority (35%) stake in Indian generic drug maker Ranbaxy, with a deal valued at about $4.6 billion.
Meanwhile, Ranbaxy continued to increase its research and development budget, with the goal of generating as much as 40 percent of its revenues from its in-house innovations by the 2010s.
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Ranbaxy Pharmaceuticals Inc competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Lannett | 1942 | $340.6M | 1,020 | 25 |
| DUSA Pharmaceuticals | 1991 | $45.3M | 50 | - |
| Nostrum Laboratories | 1995 | $15.0M | 148 | - |
| Dr. Reddy's Lab | 1984 | $2.1B | 75 | 9 |
| Cytel | 1987 | $49.9M | 1,000 | 306 |
| Sciformix | 2006 | $25.0M | 639 | - |
| Medivation | 2003 | $1.0B | 628 | - |
Ranbaxy Pharmaceuticals Inc history FAQs
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Ranbaxy Pharmaceuticals Inc may also be known as or be related to RANBAXY PHARMACEUTICALS INC and Ranbaxy Pharmaceuticals Inc.