Diabetes drug major USV eyes niche therapies abroad, targets Rs 50 bn sales

It would have a Rs 30 bn turnover this financial year; 80% of its revenue comes from domestic market

USV, the country's largest manufacturer of oral anti-diabetes drugs, is stepping up focus on biosimilars and niche low-competition products in Europe and the US, as it looks for new growth opportunities to achieve Rs 50 billion (Rs 5,000 crore) revenue in the next five years. It would have an estimated Rs 30 billion (Rs 3,000 crore) turnover for the current financial year.

Privately-held USV earns around 80 per cent of its revenue from domestic market. Of this, about 40 per cent comes from diabetes portfolio which includes top selling Glycomet GP, India's third most valued drug brand at Rs