Panacea Biotec in deal with Uruguay's Clausen to market Pangraf in Europe

7 March 2011

India’s third-largest biotech firm Panacea Biotec (PNCB: IN) has signed a non-exclusive marketing agreement with Laboratorios Clausen of Uruguay, for the latter to market the immunosuppressant tacrolimus (marketed by the Indian group as Pangraf; originated by Japan’s Fujisawa as Prograf), in a few markets in Europe.

Rajesh Jain, joint managing director at Panacea Biotec, said the accord will help the Delhi-based firm to explore further opportunities in new global markets. The deal is expected to generate about $12-$15 million over the next two years for the firm, beginning the first quarter of the next fiscal year.

Technology transfer under consideration

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