Ind
Swift Laboratories Ltd has obtained the therapeutic
goods administration (TGA) certification from the
Australian Commonwealth department of health and ageing
for its manufacturing facility for 'Clarithromycin' which
has a market share of $1.18 billion. The company is one
of the largest manufacturer of Clarithromycin in the world
and enjoys 30 per cent to 33 per cent of the global capacity
for this drug.
The
Australian Commonwealth department of health and ageing
has recommended that "the company complies with the
requirement of the Australian code of good manufacturing
practice for medicinal products, for the range of products
to be supplied to Australia.
The
manufacturing facilities are situated at Derabassi in
Punjab, which has eight dedicated blocks to manufacture
APIs and advanced intermediates for regulated markets
and another at Jammu, which is primarily focused on manufacturing
of API for the domestic markets. It recently launched
four new APIs Letrozole (aromtase inhibitor), quetiapine
fumerate (anti-psychotic), aripiprazole (anti-pshycotic)
and ropinirole (Parkinson Disease).
"The
TGA certification will leverage the companys intrinsic
potential and place it at par with the other leading players
in the industry," said V K Mehta joint managing director.
Ind
Swift Laboratories facilities are certified by the
WHO and the Iranian government since it has a JV agreement
with an Iranian company for manufacturing and marketing
them in the Middle East and parts of Europe.. The company
says that it has filed seven DMFs in the US and around
50 DMFs in Europe and that it has also filed 13 patents
for non-infringing processes for its products in the US
and India.
"We
plan to receive 60 per cent of the exports revenues from
the
regulated markets by 2008 for which we will be filing
four or five DMFs every year in the US.
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