Three-way alliance first of its kind in India
Three Indian pharmaceutical companies, the Chennai-based Shasun Chemicals and Drugs Ltd, the Hyderabad-based Suven Pharmaceuticals Ltd and the Mumbai-based Innovasynth Technologies Ltd have joined hands in a strategic partnership to provide drug discovery to distribution services to pharmaceutical companies. US-based $ 100 million Austin Chemical Inc will act as the logistics and marketing arm of this alliance.
Business for this alliance could originate at any level and the partners propose to present a single face to global pharmaceutical majors, as a one-stop solution provider that can handle close to 95 per cent of the entire discovery to distribution process.
Venkat Jasti, managing director, Suven Pharma said,