Ranbaxy to make foray into herbal drugs

Thursday, 13 February 2003, 20:30 IST
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NEW DELH: Pharmaceutical major Ranbaxy will shortly begin marketing herbal drugs and is aiming to become a leading player in the segment, its chairman Tajendra Khanna said on Wednesday. "Ranbaxy is getting into herbal drugs, it will give competition to Dabur with 60 per cent market share and there is no guarantee its (Dabur's) share will not shrink," Khanna said at a seminar on 'managing corporate reputation' organised by Guru Gobind Singh Indraprastha University. Khanna said a couple of herbal drugs will be marketed shortly and details would be available in the company's corporate affairs section. He said it is a measure of Ranbaxy's corporate reputation that the sales in the US alone have increased to $296 million in 2002 from $15 million in 1998 and targeted sales in the country are around $400 million this year. The company's Indian operations alone have pegged their sales at around $190 million and worldwide sales this year could be around $930 million, though exact figures cannot be given offhand, he said. Delving on corporate reputation, he said, Ranbaxy has employed 8,500 people worldwide and every single person can either enhance the reputation of the company or bring it down. Efforts are always made to enhance everybody's ability to work hard and deliver, he said.
Source: IANS