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      South Africa's Aspen, India's Lupin in TB drugs

      Posted AtReuters

      Africa's biggest generics drugs maker Aspen has concluded a joint venture with India's Lupin to collaborate on tuberculosis (TB) related products in South Africa, it said on Monday.

      HIV/AIDS, which affects more people in South Africa than any other country, has raised TB infection rates, placing immense pressure on stretched healthcare resources.

      Aspen said in a statement that its agreement with Lupin involved cooperation in technology, manufacture and marketing.

      Aspen said the market for TB medication in South Africa was worth around $15 million per annum and it expected to pay up to $2 million to Lupin depending on certain conditions, although it did not give a time scale for such payments.

      The parties will also share profits from the joint venture.

      Mumbai-based Lupin makes and markets generic intermediates, active pharmaceutical ingredients and finished drug dosages. Eleven of Lupin's plants have been approved by U.S. regulators and two of its facilities have been approved by UK authorities.

      Last week Aspen agreed terms for two joint ventures with another Indian group, Matrix Laboratories, to cater for South Africa's large demand for AIDS medication.

      September 26, 2005


       

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