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  • Wockhardt plans to...

Wockhardt plans to launch antibiotic Zaynich in early FY26

Written By : Ruchika Sharma |Medically Reviewed By : Dr. Kamal Kant Kohli Published On 2024-06-30T14:00:18+05:30  |  Updated On 6 Aug 2024 12:51 AM IST
US tariffs on pharma sector would be counterproductive for Americans, says Wockhardt Chairman
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Mumbai: Wockhardt said that research and trials for the antibiotic Zaynich are advancing well, with plans for an early launch in FY26. Habil Khorakiwala, founder chairman of the city-based company, informed reporters that Zaynich holds a market potential of USD 25 billion.

He added that the company has invested over USD 500 million in research, resulting in six successful developments, including Zaynich, currently progressing through various stages of development and marketing.

Zaynich has been granted a susceptibility breakpoint of 64 mg per litre for around 10 gram negative pathogens showing high resistance rates by the American Clinical and Laboratory Standards Institute, according to a statement.
According to PTI, he said the company expects the final approvals from the Indian regulators to launch the antibiotic by the end of FY25 and will soon be launching it commercially after that.
For the developed markets as well, the company expects approvals to come in similar timelines or maybe with some lag, Khorakiwala said, outlining the commercial strategies.
In India, the company plans to sell the antibiotic at a tenth of the price in developed markets, and will primarily be targetting pneumonia patients, he said.
In the developed markets, it will be looking for partners willing to establish networks to sell the antibiotic, he said.
Khorakiwala said that antibiotic resistance levels are as high as 60 per cent locally and at an elevated 35 per cent globally which makes it a decent opportunity.
The antibiotic is showing efficacy in both treatment and safety in the trials, he claimed.
The company used USD 25 million from a recent Rs 480 crore equity capital raise towards the research and development of Zaynich, while Rs 100 crore was utilised to reduce the debt, an official said.
Read also: Wockhardt raises Rs 480 crores via QIP
The external debt stands at about Rs 900 crore, of which Rs 500 crore is for working capital purposes, Khorakiwala said, stressing that it is comfortable from a liquidity standpoint.
Apart from this, the company has also borrowed Rs 1,000 crore from the promoter Khorakiwala family, he said, adding that the family is comfortable and not in a hurry for repayments, especially given the business opportunity it sees.
wockhardtwockhardt newszaynich
Source : with inputs
Ruchika Sharma
Ruchika Sharma

    Ruchika Sharma joined Medical Dialogue as an Correspondent for the Business Section in 2019. She covers all the updates in the Pharmaceutical field, Policy, Insurance, Business Healthcare, Medical News, Health News, Pharma News, Healthcare and Investment. She has completed her B.Com from Delhi University and then pursued postgraduation in M.Com. She can be contacted at editorial@medicaldialogues.in Contact no. 011-43720751

    Dr. Kamal Kant Kohli
    Dr. Kamal Kant Kohli

    Dr Kamal Kant Kohli-MBBS, DTCD- a chest specialist with more than 30 years of practice and a flair for writing clinical articles, Dr Kamal Kant Kohli joined Medical Dialogues as a Chief Editor of Medical News. Besides writing articles, as an editor, he proofreads and verifies all the medical content published on Medical Dialogues including those coming from journals, studies,medical conferences,guidelines etc. Email: drkohli@medicaldialogues.in. Contact no. 011-43720751

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