The pharma major wants to bring innovative medicines to India faster, while increasing the access to its mass-market products through tie-ups with domestic players
AstraZeneca has had a strong presence in the Indian market for nearly 45 years, introducing over 50 innovative medicines to date. In India, the pharma major’s focus remains on areas including biopharmaceuticals (comprising cardiovascular, renal metabolism and respiratory), oncology, immune therapies and rare disease. “We want to bring innovative medicines to India, faster,” says Sanjeev Panchal, country president and managing director, AstraZeneca India. Today, the company is more committed than ever to accelerating the development and delivery of breakthrough therapies, with a focus to fast-track its innovative drug pipeline in India.
AstraZeneca India announced its Q2 FY24-25 results today, touching a 31 percent increase in revenue from operations compared to the same period last year. For Q2 FY24, its revenue from operations is Rs 408 crore. The company has achieved a year-on-year growth of 29 percent, with Rs 1,330 crore in revenues in FY24. “We are strengthening our footprint in India, for India and the world,” says Panchal, who has been with the organisation for close to 21 years, in various roles and across geographies. Of this, oncology accounts for 62 percent of the company’s total revenue, and has also seen the highest revenue growth of 43 percent. “These key therapy areas are pivotal for our growth, through the innovation strategy,” adds Panchal.
In November 2023, AstraZeneca Pharma India Ltd announced its exit from manufacturing at its plant in Bengaluru, as part of a global strategic review. “This decision was also made in line with our focus on specialist disease areas, and our efforts to bring medicines faster to India via imports,” he adds. AstraZeneca India has decided to import specialist medicines to India, and simultaneously partner locally to expand access where appropriate.
AstraZeneca’s mission is to make cancer as manageable as diabetes. “We are leading a revolution in oncology to redefine cancer care. We are following the science to understand cancer and all its complexities to discover, develop and deliver life-changing treatments and increase the potential to cure,” says Anil Kukreja, former vice president, medical affairs, AstraZeneca Pharma India.
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