Cipla, Sanofi India shares gain on distribution agreement

Cipla will be responsible for the distribution of Sanofi India’s six central nervous system products, including Frisium, a leading brand in the anti-epileptic medication category

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Share prices of Cipla and Sanofi India were trading higher in the early trade on March 27 after the companies entered into distribution agreement for Sanofi’s central nervous system product range.

At 9.28am, Cipla was quoting at Rs 1,475.10, up Rs 3.40, or 0.23 percent, and Sanofi India was quoting at Rs 7,908.55, up Rs 197.70, or 2.56 percent, on the BSE.

Sanofi India Limited and Sanofi Healthcare India Private Limited and Cipla Limited announced an exclusive partnership for distribution and promotion of Sanofi’s Central Nervous System (CNS) product range in India.

Cipla will be responsible for the distribution of Sanofi India’s six CNS brands including Frisium, a leading brand in the anti-epileptic medication category.

While Sanofi India will continue to own, import, and manufacture its complete range of CNS products across plants in India and internationally, Cipla will leverage its capabilities and India-wide network of marketing and sales professionals, distributors, institutions, and market outreach programmes to expand access to these treatments for patients who need them.

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Nod to merger

Cipla received the regulatory approval for the merger of Cipla Technologies LLC into Cipla USA Inc, wholly owned step down subsidiaries of the Indian company in the US. The merger will be effective from March 31.

CipTec is engaged in development of specialty products in the US market and Cipla USA is engaged in the business of distribution of pharmaceutical products in USA.

Rajeev Kumar Sinha, presently Global Head-Formulations Manufacturing, has been appointed senior management personnel and global chief manufacturing officer of the company effective April 1, Cipla said.