JB Pharma acquires leading brand of Rosuvastatin- Razel and combinations
New Delhi: Leading brand of Rosuvastatin, Razel will now be offered from JB Pharma as the company has now entered into an agreement with Glenmark Pharmaceuticals Ltd., to acquire the entire Razel (Rosuvastatin) franchise for the India and Nepal region.
With this acquisition, JB Pharma will now be the 8th-ranked company in the cardiology market, 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 INR 2,444 crores as per the IQVIA MAT Oct '22 numbers.
Commenting on the acquisition, Mr. Nikhil Chopra, CEO & 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. With this addition, we now have established a strong position in statins besides being among the leaders in Hypertension and Heart failure – all the fastest growing therapeutic indications in cardiology."
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