Lupinytt at work at our Indore facility, India
INDIA HAS EMERGED AS ONE OF THE LEADING QUALITY MANUFACTURERS OF ACTIVE PHARMACEUTICAL INGREDIENTS (API). RECENT STUDIES INDICATE THAT THE INDIAN API INDUSTRY IS SET FOR SIGNIFICANT GROWTH WITH THE COUNTRY EMERGING AS THE LEADING AND MOST FAVORED SUPPLIER OF FORMULATIONS TO ADVANCED MARKETS SUCH AS THE US AND EUROPE.
The market share of Indian API exports to regulated markets is expected to rise to about 51% by FY 2019. It is no surprise that India is the world leader in Drug Master Files (DMFs) applications filed with the US FDA.
Sustained leadership in APIs has helped Lupin leverage its scale to ensure competitive advantage and superior margins. Lupin continues to make new inroads into markets such as The US, Europe and Japan and we are also exploring emerging markets like China, Brazil, Mexico, Korea and Russia. FY 2016 saw Lupin venture into developing Oncology APIs by setting up a dedicated API manufacturing facility in Vishakhapatnam. Lupin’s global API business generated revenues of ` 12,074 million contributing 9% to global revenues. The Company’s Principal-to-Principal (P2P) business that is also managed by the same group grew by over 30%, given significant launches of several first-to-market products in India in the Anti-Diabetic and Gastro-Intestinal therapy segments.
Lupin is investing considerably in strengthening its API product portfolio. The Company is also consciously investing in adopting green chemistry-enzymatic technologies to improve efficiency and protect the environment.
Lupin continues to gain traction with its Global Institutional Business (GIB) and remains amongst the largest suppliers of Anti-TB products to the World Health.
Organization’s Global Drug Facility (WHO). The Company is a leading supplier to India’s TB eradication program, as envisioned by the RNTCP. Lupin has the unique distinction of being the only Company to have its APIs and formulations for TB products prequalified by the WHO globally. The Company is now focusing on partnering with various health authorities in eradicating the menace of multidrug-resistant TB with a range of second line TB drugs.