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Hoechst Marion Roussel, the Rs 534 crore pharmaceutical major, has
placed three of its antibiotic brands -- Cidoresp, Cidomex and Synastat -- and a pain
killer drug Corbutyl on the block. The brands are 10-12 years old and together have sales
in the range of Rs 18-20 crore.
The move follows Hoechst''s effort to
reshuffle its product portfolio by pruning its existing product mix, by selling some
brands and phasing out others. Its aim is to concentrate on new products. The company has
identified cardiovasculars, anti-diabetes and vaccines as core areas.
The company''s executive director-marketing
Bashir Ahmed says that the four brands are no more profitable to the company, though they
enjoy good recall among doctors. "We would like our field force to spend its time in
promoting new products like Allegra vigorously," he says. Though some parties have
evinced interest in buying the brands, the sale is yet to materialise.
Following the merger with Roussel India
last year, the Hoechst product mix bloated to 131 brands. This has now been pruned to 90.
The phased out products are largely line extensions and small strength dosage forms; they
contribute a mere five per cent to the company''s sales.
Hoechst has stopped all promotional
activities related to these four brands and is waiting for the products to exchange hands.
Company officials declined to comment on the price at which the brands would be sold.
With a focus on aggressive market introductions, Hoechst
plans to launch new products every year. The company recently launched a new
anti-histamine drug Allegra which recorded sales of Rs 2.7 crore in 1998, as per the IMS
audit. Future launches include vaccine for mumps, measles, rubella and HIB-meningitis.
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