APN News

  • Monday, July, 2024| Today's Market | Current Time: 11:51:06
  • Bengaluru : Three months after getting the coveted Good Manufacturing Practices (GMP) approval from the United Nations International Children’s Emergency Fund (UNICEF), leading global pharmaceutical company Venus Remedies Limited has been awarded a tender by UNICEF for supplying ceftriaxone (1gm), a beta-lactam antibiotic, in dry powder form.

    Ceftriaxone dry powder is an important drug in Venus Remedies’ extensive antibiotic portfolio. Moreover, ceftriaxone is an important antibiotic globally due to its broad-spectrum activity and effectiveness in treating a variety of serious bacterial infections. The global ceftriaxone market was valued at USD 1.7 billion in 2021 and is expected to grow at a CAGR of 2.9% from 2022 to 2031 to reach over USD 2.2 billion by the end of 2031.

    In another development crucial to improving healthcare outcomes in Latin America, Venus Remedies Ltd has also been awarded an oncology tender by the WHO-backed Pan American Health Organisation (PAHO), the world’s oldest international public health agency. The company has been entrusted with the responsibility of supplying a wide range of essential oncology drugs like bleomycin, carboplatin, cisplatin, cytarabine, doxorubicin, irinotecan, methotrexate and vincristine.

    Strengthening the company’s position as a trusted partner in the global healthcare supply chains, the company’s collaboration with UNICEF and its inceptive agreement with the PAHO tender authority, signify a notable milestone for Venus Remedies, enhancing its contribution to global health initiatives and reinforcing its commitment to improving global health outcomes by providing life-saving medicines to those who need them the most.

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    Lauding the achievement as a dual opportunity for the company to extend its reach and serve the needy, Saransh Chaudhary, President, Global Critical Care, Venus Remedies, said, “Our association with the PAHO is a monumental step in our mission to deliver high-quality, innovative oncology products to those in dire need. Further, securing the tender with UNICEF reflects our relentless pursuit of excellence and our commitment to improving health outcomes worldwide. Building on such prestigious orders, we will also continue to strengthen our international presence.”

    Having exported pharmaceuticals worth about US $16 billion in the financial year 2023-2024, India is the world’s largest provider of generic drugs. In terms of volumes, Indian drugs comprised 20 percent of the global generic drug exports. Venus Remedies is playing a key role in this export market, contributing to India’s growing influence, particularly in the global oncology sector.

    Ms. Aditi K. Chaudhary, President, International Business, Venus Remedies, said these tenders are a significant endorsement of the company’s vision to provide accessible, high-quality healthcare solutions. “This much-coveted endorsement from UNICEF is a significant prospect for Venus’ mission of contributing towards global health. Moreover, association with PAHO reinforces our position as an important player in the global oncology market and underscores our commitment to catering to the Latin American region, which is facing critical challenges in cancer care,” she said.

    With over 25 international GMP approvals and 800+ marketing authorizations worldwide, Venus Remedies is rapidly emerging as a frontrunner in the pharmaceutical industry. Having a presence in 90+ countries, the company is poised to become a global leader in the pharma space.

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