Shilpa Medicare arm partners with Orion Corporation for Recombinant Human Albumin for European Market
Written By : Ruchika Sharma
Medically Reviewed By : Dr. Kamal Kant Kohli
Published On 2025-05-25 06:45 GMT | Update On 2025-05-25 06:45 GMT
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Hyderabad: Shilpa Medicare Limited, a pharmaceutical and biotechnology company, has announced that its 100 percent subsidiary Shilpa Biocare Private Limited, has entered into a strategic partnership with Orion Corporation, a globally recognized pharmaceutical company headquartered in Finland, out-licensing its flagship product - Recombinant Human Albumin- for commercialisation across the European market.
The product is currently under development.
Under this agreement, Orion will be the exclusive partner for the distribution, marketing, and sales of Shilpa’s Recombinant Human Albumin in Europe. Shilpa is entitled to receive from Orion certain development and regulatory milestone payments.
Shilpa has been investing in the development of this novel product for about 8 years and has also set-up a large scale fermentation facility for manufacture of recombinant human albumin to address market demand for this life saving drug at a global scale.
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