Venus Remedies secures marketing nod from Israel, Colombia for two oncology drugs
Chandigarh: Building on its international presence in the oncology space, Venus Remedies, has secured marketing authorisation for docetaxel from Israel and cytarabine from Colombia.
While docetaxel, an antineoplastic agent, is beneficial in the treatment of breast, prostate, head, neck and non-small cell lung cancer, cytarabine is useful in acute non-lymphocytic leukaemia, acute lymphocytic leukaemia and chronic myelocytic leukaemia.
Israel's pharmaceutical market, valued at about $5 billion, is projected to grow at a five-year compound annual growth rate (CAGR) of 4.2% up to 2026. Israel has a dynamic pharmaceutical expanse known for its innovation and commitment to healthcare excellence.
The marketing authorisation for cytarabine from Colombia, on the other hand, marks a significant expansion of Venus Remedies in the Latin American market. Colombia, the third-largest pharmaceutical market in South America projected to grow at a five-year CAGR of 3.1% up to 2026, has emerged as a vital player in the pharmaceutical industry, exhibiting robust growth and fostering innovation. The Colombian market dominated by oncology drugs has witnessed steady expansion.
Read also: Venus Remedies gets market nod for Bleomycin 15000 IU in UK
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