Alkem Laboratories Limited is an Indian multinational

pharmaceutical A medication (also called medicament, medicine, pharmaceutical drug, 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 medical field an ...

company headquartered in

Mumbai Mumbai (, ; also known as Bombay — List of renamed Indian cities and states#Maharashtra, the official name until 1995) is the capital city of the Indian States and union territories of India, state of Maharashtra and the ''de facto'' fin ...

, that manufactures and sells pharmaceutical generics,

formulations Formulation is a term used in various senses in various applications, both the material and the abstract or formal. Its fundamental meaning is the putting together of components in appropriate relationships or structures, according to a formul ...

and nutraceuticals in India and globally.

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 mun ...

development at

Taloja Taloja is a census town in Raigad district of Navi Mumbai city in the Indian state of Maharashtra. It is an extension of the Kharghar node and governed by Panvel Municipal Corporation. Taloja has Navi Mumbai Metro Phase I starting origin point ...

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 high blood pressure and coronary artery disease. It is taken by mouth. Common side effects include swelling, feeling tired, ...

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.

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 S.A. is a Swiss pharmaceutical company specializing in dermatological treatments and skin care products. Formerly a subsidiary of L'Oréal and Nestlé, it has been held by a consortium of private institutional investors since 2019. Gal ...

S.A. In 2015, Alkem acquired a formulation manufacturing facility in the US.

Governance and administration

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 ...

was the founder and chairman emeritus of the company, he led and shaped Alkem what it is today, he had a

B.Com A Bachelor of Commerce (abbreviated BComm or BCom; also, ''baccalaureates commercii'') is an undergraduate degree in business, usually awarded in Canada, Australia, India, Sri Lanka, Pakistan, Ireland, New Zealand, Ghana, South Africa, Myanma ...

. 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 ...

. He was the 42nd richest person in India and a billionaire. His brother, Basudeo Narayan Singh, was also the co-founder of the company. Samprada Singh died on 27 July 2019 at the age of 94 years after a brief illness in Mumbai.

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