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Ranbaxy’s API Business Reports Rise in Sales
5:13 AM MST | November 10, 2011 | Deepti Ramesh
Ranbaxy Laboratories (Gurgaon, India) says that its active pharmaceutical ingredients (API) business reported sales of $35 million in the third quarter of 2011, compared with sales of $23 million in the year-ago quarter. Profits for the API business were not disclosed. The company made 38 Drug Master Filings for APIs during the quarter, Ranbaxy says. Ranbaxy reported a total net loss of $103 million in the third quarter of 2011, compared with a net profit of $66 million in the year-ago quarter. The company’s total sales increased to $443 million in the...
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