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ranbaxy history

by Priyanka Sansanwal on Wednesday 5 January 2011, 10:38 PM | Category: Miscellaneous| View: 464 views
 
 
 

 1962: Ranjit Singh and Gurbux Singh incorporate Ranbaxy to market pharmaceuticals in Amritsar, India, and borrow funding from moneylender Bhai Mohan Singh. 
1966: Bhai Mohan Singh takes over Ranbaxy in lieu of repayment of the loan. 
1967: Son Dr. Parvinder Singh joins the company, which begins producing generic drugs. 
1969: Calmpose, a Valium generic, is launched, becoming the company's first success. 
1973: Ranbaxy goes public and builds a new API chemicals facility in Mohali. 
1977: The company begins production in Lagos, Nigeria through a joint venture. 
1983: The company opens a dosage plant in Dewas. 
1987: The company builds a state-of-the-art API facility in Toansa in preparation for entry into the U.S. market. 
1988: The Toansa facility receives FDA approval. 
1992: The company launches a joint marketing agreement with Eli Lilly. 
1993: A joint venture is launched in China; a new research-driven NCE and NDDS strategy is launched. 
1994: The company opens a new research and development facility in Gurgaon, India. 
1995: The company acquires Ohm Laboratories in the United States and builds a new FDA-approved production facility. 
1998: Ranbaxy begins marketing its own branded drugs in the United States; the company launches clinical trials on the first in-house developed molecule. 
2000: Ranbaxy acquires Basics, Bayer's generics business in Germany; the company enters Brazil. 
2003: Ranbaxy successfully completes the first NCE phase I clinical trial; the company acquires RPG (Aventis) in France, becoming the leading generics manufacturer for that market. 
2005: The company launches a new $100 million production facility in Brazil. 


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