MUMBAI Dec 5 India's Strides Arcolab
and Eli Lilly will jointly manufacture and distribute
generic cancer drugs for developing markets, the drugmakers said
on Wednesday, as the U.S. company looks to expand its presence
in emerging markets.
The tie-up is the latest in a line of agreements between
'Big Pharma' companies eyeing greater access to high-growth
emerging markets, and Indian companies looking for global
Under the agreement, Strides subsidiary Agila Specialties
will manufacture the generic oral and injectable cancer drugs
that Lilly will register and market.
The companies will begin with 10 medicines, with an option
for Lilly to increase the number in the future.
Annual drug spending in emerging markets is expected to grow
12 to 15 percent from 2012 to 2016, according to healthcare
information provider IMS Health, and is on track to make up 28
percent of global sales by 2015, up from 12 percent in 2005.
"Cancer medicines of the highest quality continue to be an
unmet need in many markets around the world," Jacques Tapiero,
Lilly, senior vice-president, said in a statement.