Underscoring its commitment to advancing healthcare solutions worldwide, Venus Remedies Limited, a leading global pharmaceutical company, has further strengthened its global product portfolio with marketing authorisation for three key drugs from Philippines and Saudi Arabia.
Venus Remedies has received regulatory approval from Philippines, the second largest market in the Association of South East Asian Nations (ASEAN) region where the company has a sizeable presence, for chemotherapy drug paclitaxel and zoledronic acid, a medication used to treat metabolic bonedisorders. The company has also secured marketing authorisation from Saudi Arabia, the largest pharmaceutical market in the Gulf Cooperation Council (GCC) region, for another oncology drug, bleomycin.
Poised for remarkable growth, the pharmaceutical market in Philippines is expected to reach $4.917 billion by 2026. The Saudi Arabian pharmaceutical market, on the other hand, is expected to grow to $7.19 billion by 2028 at a five-year CAGR of 5.85 per cent.
Among the largest exporters of paclitaxel from India, Venus Remedies is supplying the drug to many countries like Colombia, Thailand, Tanzania, Morocco, Myanmar, Indonesia, Saudi Arabia, Malaysia, Zimbabwe, Sri Lanka, Pakistan, Kenya, and Botswana. Similarly, the company is selling zoledronic acid to Dominican Republic, Vietnam, Colombia, Jamaica, Tanzania, Zimbabwe and Kenya. Venus Remedies is also exporting bleomycin to several countries, including Colombia, Saudi Arabia, Zimbabwe, Iraq, Chile, Costa Rica, Myanmar and Hungary.
Terming the marketing authorisations from Philippines and Saudi Arabia as a significant achievement, Saransh Chaudhary, president, global critical care, Venus Remedies Ltd, and CEO, Venus Medicine Research Centre said, “These marketing approvals are an endorsement of our regulatory prowess and uncompromising quality in line with rigorous global standards, making us a prominent supplier of the three drugs in 15 countries each.”
Aditi K. Chaudhary, president of the company’s International Business wing, emphasised the strategic importance of these regulatory milestones, saying, "These approvals mark a crucial step in our international expansion strategy. We are proud to contribute to the improvement of healthcare access and outcomes in South East Asia and Middle East."
Venus Remedies remains steadfast in its mission to provide innovative and effective pharmaceutical products, thus contributing to the betterment of global healthcare. The company is looking to leverage these marketing authorisations to make a positive impact on patient care and well-being.
Panchkula-based Venus Remedies Ltd is among the 10-leading fixed-dosage injectable manufacturers in the world. Having a commercial presence in 70+ countries with a portfolio of 75 products spread over Europe, Australia, Africa, Asia-Pacific, Commonwealth States, the Middle East, Latin America and the Caribbean region, the company has nine globally benchmarked facilities in Panchkula, Baddi and Werne (Germany), apart from 11 overseas marketing offices.
Sick and tired of always wondering if you are being asked to pay the right price for your APIs? This empowers you with the answers you need to make the right decisions in the Global API market.
Chemxpert Database is one of the biggest and most comprehensive directories of pharma and chemicals, manufacturers, suppliers and information. Provided with current information on prices, demand and transactions, it gives you instant feedback on whether you are buying what is right and at the right time.
Start using market intelligence today and allow yourself to be in control in the API market.
Check it out today and make more informed sourcing decisions! Learn More!