Wockhardt allies with Japanese firm

MUMBAI: Pharma major Wockhardt has inked an exclusive alliance with Japan-based Eisai company to launch `methycobal', the latter's product used in treating nerve disorders, in India. Methycobal tablets, to be launched in July this year, will be manufactured in India under technical assistance from Eisai, according to a company release. The alliance was part of Wockhardt's strategy to concentrate on new product introductions in segments such as diabetes and neurology. Methycobal was one of the largest products of Eisai and sold in over 25 countries including Europe and the U.S. the release said. The Japanese company's worldwide sale of this product was over $400 million, according to the release.

- PTI

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Section  : Business
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