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Chennai:
Orchid Chemicals & Pharmaceuticals plans to launch
three drugs in the US market this year. The three drugs
are: Cefepime and Cefdinir in the Cephalosporin range
and Tazobactum-Piperaillin in the penicillin range.
The
company expects these drugs to fuel its growth in 2007-08.
The addressable market for these three products in US
is $1.5 billion (Rs6,000 crore).
In
2008-09, Orchid plans to launch antibiotic drugs in the
''carbopenam range. In addition, the company would begin
marketing all the cephalosporin-based antibiotics in the
European markets. The company has about a dozen products
in that range.
Further,
it would launch a cephalosporin-based veterinary injectible
in the US.
The
year 2009-10 would see "another step function jump"
because of launch of another clutch of carbopenams and
a range of non-antibiotic products in the US. This is
significant because under a ''first to file'' law, Orchid
would get a six-month market exclusivity for several of
these products.
In
2009-10, Orchid would enter the lucrative Japanese market.
This
is even though drug prices in Japan are fixed by the government
they are comfortably high. The company expects a 25 per
cent jump in its revenues for the current year. Last year,
the company''s turnover stood at Rs934 crore.
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