Alkem Laboratories
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Alkem Laboratories Limited is an Indian multinational
pharmaceutical Medication (also called medicament, medicine, pharmaceutical drug, medicinal product, medicinal drug or simply drug) is a drug used to diagnose, cure, treat, or prevent disease. Drug therapy ( pharmacotherapy) is an important part of the ...
company headquartered in
Mumbai Mumbai ( ; ), also known as Bombay ( ; its official name until 1995), is the capital city of the Indian state of Maharashtra. Mumbai is the financial capital and the most populous city proper of India with an estimated population of 12 ...
. Specialising in generics and speciality pharmaceuticals, Alkem manufactures and markets pharmaceutical generics,
formulations Formulation is a term used in various senses in various applications, both the material and the Abstract object, abstract or wikt:formal, formal. Its fundamental meaning is the putting together of components in appropriate relationships or struc ...
and
nutraceutical Nutraceutical is a terminology evolved scientifically & also through marketing which is used to imply a pharmaceutical effect from plant extracts, compounds, food products which have efficacy and therapeutic influence on clinical outcomes and patien ...
s across India and global markets.


History

Samprada Singh Samprada Singh (1925 – 27 July 2019) was an Indian businessman, who was the founder and chairman of Alkem Laboratories, which develops, manufactures and markets pharmaceutical formulations and nutraceuticals in India. It has operations in Eu ...
was the founder and chairman emeritus of the company; he had a B.Com degree from
Patna University Patna University is a public state university in Patna, Bihar, India. It was established on 1 October 1917 during the British Raj. It is the first university in Bihar and the seventh oldest university in the Indian subcontinent in the modern e ...
. His brother, Basudeo Narayan Singh, was also the co-founder of the company. Alkem set up its research and development facility for
ANDA Anda or ANDA may refer to: Places China * Anda, Heilongjiang, a city in Heilongjiang, China * Anda railway station, a railway station in Anda, China Iran * Anda, Iran, a village in Fars Province, Iran Norway * Anda, Norway, an island in Øksnes ...
development at
Taloja Taloja is a census town in the Raigad district of Navi Mumbai city, in the India, Indian States and territories of India, state of Maharashtra. It is an extension of the Kharghar node and governed by the Panvel Municipal Corporation. The Navi Mum ...
in 2003. In 2006 anti-infective drug Taxim of Alkem became the first anti-infective drug in the Indian pharmaceutical industry to cross 1,000 million in terms of domestic sales in India. In 2014 Clavam another drug from Alkem crossed 2,000 million mark in terms of domestic sales in India. In 2007 the company filed its first ANDA for drug
Amlodipine Amlodipine, sold under the brand name Norvasc among others, is a calcium channel blocker medication used to treat hypertension, high blood pressure, coronary artery disease (CAD) and variant angina (also called Prinzmetal angina or coronary ar ...
which was approved in 2009. Alkem has developed a portfolio of 705 branded generic drugs, with 13 of the brands featured among the top 300 brands in India for the fiscal year 2015 and a portfolio of 705 brands in India in the six months ended 30 September 2015. Alkem have 21 manufacturing facilities, 19 in India and 2 in US. 5 of the facilities are US
FDA The United States Food and Drug Administration (FDA or US FDA) is a federal agency of the Department of Health and Human Services. The FDA is responsible for protecting and promoting public health through the control and supervision of food ...
, TGA, UK MHRA approved. Samprada Singh died on 27 July 2019 at the age of 94 years after a brief illness in Mumbai. In 2018, he was the 46th richest person in India.


Acquisitions

Alkem has 21 manufacturing facilities: 19 in India and 2 in the US. These 2 facilities in the US were acquired in 2012 and 2013 respectively. In 2014, Alkem acquired the "Clindac-A" brand in India from
Galderma Galderma SA is an American-Swiss pharmaceutical company specializing in dermatological treatments and skin care products. Formerly a subsidiary of L'Oréal and Nestlé, it was acquired by a consortium of private institutional investors in 20 ...
S.A. In 2015, Alkem acquired a formulation manufacturing facility in the US.


References


External links

* Pharmaceutical companies of India Manufacturing companies based in Mumbai Indian brands Indian companies established in 1973 1973 establishments in Maharashtra Pharmaceutical companies established in 1973 Companies listed on the National Stock Exchange of India Companies listed on the Bombay Stock Exchange {{India-company-stub