Ranbaxy

INTRODUCTION ? RANBAX BACKGROUND OF COMPANY Ranbaxy Laboratories Limited is Indias largest pharmaceutical company. Incorporated in 1961, Ranbaxy exports its products to one hundred twenty-five countries with ground operations in 46 and manufacturing facilities in vii countries. The company went public in 1973, and Japanese company Daiichi Sankyo gained majority control in 2008. Atul Sobti is currently Ranbaxy CEO and Managing Director having taken over from Malvinder Singh in May 2009. FORMATION Ranbaxy was started by Ranbir Singh and Gurbax Singh in 1937 as a distributor for a Japanese company Shionogi. The adduce Ranbaxy is aportmanteau word from the names of its first owners Ranbir and Gurbax. Bhai Mohan Singh bought the company in 1952 from his cousins Ranbir Singh and Gurbax Singh. later Bhai Mohan Singhs son Parvinder Singh joined the company in 1967, the company motto a significant transformation in its business and scale. His sons Malvinder Mohan Singh and Shivinder Mohan Singh sell the company to the Japanese company Daiichi Sankyo in June 2008. TRADING In 1998, Ranbaxy entered the get together States the worlds largest pharmaceuticals market and now the biggest market for Ranbaxy, accounting for 28% of Ranbaxys gross revenue in 2005.

For the 12 months ending on 31 December 2005, the companys global sales were at US $1,178 million with overseas markets accounting for 75% of global sales (USA: 28%, Europe: 17%, Brazil, Russia, and China: 29%). For the twelve months ending on December 31, 2006, the companys global sales were at US $1,300 million. A financial study on Ranbaxy and Pfizer Page 1 Most of Ranbaxys products are manufactured by indorse from foreign pharmaceutical developers, though a significant portion of their products are off-patent drugs that are manufactured and distributed without licensing from the original manufacturer because the patents on such drugs have expired. In December 2005, Ranbaxys shares were hit ticklish by a patent ruling... If you want to get a full essay, order it on our website: Orderessay

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