Aspen, Lupin sign TB venture | india | Hindustan Times
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Aspen, Lupin sign TB venture

The venture will also investigate opportunities to enter the malaria market, the companies said in a statement.

india Updated: Mar 02, 2006 11:30 IST
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South Africa's Aspen Pharmacare and Indian-based Lupin Ltd said on Monday they had agreed a 50-50 joint venture to develop, manufacture and globally market anti-tuberculosis (TB) drugs.

The venture will also investigate opportunities to enter the malaria market, the companies said in a statement which gave no financial details.

Lupin has traditional strengths in anti-TB formulations and active pharmaceutical ingredients, while Aspen has experience in the anti-retroviral (ARV) sector and an African presence, the companies said.

There is a global trend of bundling the treatments of infectious diseases, which include HIV/Aids, TB & Malaria, they added.

Statistics indicate that 8.6 million new TB cases are diagnosed annually. It is believed this only constitutes 70 per cent of infected cases with a greatly reduced percentage being treated, the companies said.

"The multi-drug resistant tuberculosis market is relatively small and is expected to grow exponentially over the next 4-5 years," the companies said.