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Cadila Bags Rabies Vaccine Global Rights

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Joydeep Ray BUSINESS STANDARD

The Ahmedabad-based Zydus Cadila Healthcare has bagged the global marketing rights of Vaxirab, an anti-rabies vaccine, from Swiss company Berna Biotech.

The drug will also be manufactured by Zydus Cadila Healthcare at a Rs 16 crore plant to be set up by the company on the outskirts of Ahmedabad.

The vaccine, which is currently licensed in 30 countries in Europe, south-east Asia and Latin America, was earlier being manufactured and marketed by Berna Biotech globally.

Berna Biotech, which has handed over Vaxirab to the Rs 1,100 crore Zydus Cadila under a technology transfer agreement, will also provide technical assistance to Zydus for setting up the plant.

 

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First Published: Jun 23 2003 | 12:00 AM IST

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