Corporate News     28-May-21
AstraZeneca Pharma India terminates distribution services agreement with Sun Pharma
AstraZeneca Pharma India announced that in 2016 the company had entered into a distribution services agreement with Sun Pharma Laboratories (Sun Pharma) for the distribution of Dapagliflozin, an innovative Type 2 diabetes medicine, in India. Under the said Agreement, Sun Pharma promoted and distributed Dapagliflozin under the brand name “Oxra®”. Sun Pharma also gained the rights to promote and distribute the combination of Dapagliflozin with Metformin under the brand name “Oxramet®” and the combination of Dapagliflozin and Saxagliptin under the brand name “Oxraduo®”.

Now, AstraZeneca India and Sun Pharma have discontinued its existing Distribution Services Agreement signed in 2016 by entering into a Transition Supply Agreement with effect from 28 May 2021. Under the Transition Supply Agreement, Sun Pharma will continue to promote and distribute Dapagliflozin and the combinations of Dapagliflozin with Metformin under the brand Oxra and Oxramet until such period of time as mutually agreed between the parties, post which all supplies to Sun Pharma from AstraZeneca India shall cease.

AstraZeneca India will continue to independently market Dapagliflozin, the combinations of Dapagliflozin and Metformin as well as Dapagliflozin and Saxagliptin in India under the brand names “Forxiga®” “Xigduo®” and “Qtern®” respectively

Previous News
  Sun Pharmaceuticals Industries Ltd Slides 0.84%
 ( Hot Pursuit - 03-Jul-24   09:30 )
  Astrazeneca Pharma India fixes record date for final dividend
 ( Market Beat - Reports 26-Jun-24   09:51 )
  Sun Pharma completes acquisition of Taro
 ( Corporate News - 24-Jun-24   18:05 )
  Nifty below 23,500; European market declines
 ( Market Commentary - Mid-Session 21-Jun-24   13:34 )
  Broader mkt rallies; IT shares in demand
 ( Market Commentary - Mid-Session 21-Jun-24   10:32 )
  Sun Pharma enters into patent licensing agreement with Takeda
 ( Corporate News - 21-Jun-24   09:30 )
  Sun Pharma inks agreement with Takeda Pharma for commercialising Vonoprazan tablets in India
 ( Hot Pursuit - 21-Jun-24   09:26 )
  Sun Pharmaceuticals Industries to convene AGM
 ( Corporate News - 20-Jun-24   17:14 )
  Sun Pharma slips as Dadra facility receives USFDA warning letter
 ( Hot Pursuit - 20-Jun-24   10:51 )
  Sun Pharmaceuticals Industries Ltd Falls 1.71%
 ( Hot Pursuit - 20-Jun-24   09:30 )
  Nifty above 22,950; European mkt opens lower
 ( Market Commentary - Mid-Session 28-May-24   13:43 )
Other Stories
  Shyam Metalics & Energy appoints director
  04-Jul-24   11:44
  Amarjothi Spinning Mills reschedules AGM date
  04-Jul-24   10:33
  Prime Capital Market to declare Quarterly Result
  04-Jul-24   10:20
  Yes Bank to hold board meeting
  04-Jul-24   10:20
  Avenue Supermarts schedules board meeting
  04-Jul-24   10:20
  Greencrest Financial Services to table results
  04-Jul-24   10:19
  Indian Renewable Energy Deve. Agency to conduct board meeting
  04-Jul-24   10:19
  Arnold Holdings to hold board meeting
  04-Jul-24   10:19
  Kaiser Corporation to convene board meeting
  04-Jul-24   10:19
  Cranes Software International to table results
  04-Jul-24   10:16
Back Top