Cipla signs agreement with Novartis Pharma AG

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Cipla signs agreement with Novartis Pharma AG

Indian multinational pharmaceutical company Cipla entered into a perpetual licence agreement with Switzerland-based pharmaceutical company Novartis Pharma AG.

An Overview of the News 

  • The agreement allows Cipla to manufacture and market diabetes drug Galvus and its combination brands from January 1, 2026.

  • Galvus is an oral anti-diabetic medicine that contains Vildagliptin as an active ingredient in it. It is used for the treatment of type 2 diabetes.

  • The perpetual licence agreement between Cipla and Novartis Pharma AG will enable Cipla to expand its product offerings in the diabetes segment.

About Novartis AG

  • It is a multinational pharmaceutical corporation.

  • The company is consistently ranked among the top five pharmaceutical companies globally.

  • Novartis is one of the world's largest pharmaceutical companies in terms of revenue.

  • In 2022, it was ranked as the fourth largest pharmaceutical company by revenue.

CEO - Vasanth Narasimhan

Subsidiaries - Sandoz, Novartis India Ltd.

Headquarters - Basel, Switzerland

Established - 29 February 1996

Founder - Johann Rudolf; Alexander Clavell

About Cipla Limited

  • It is an Indian multinational pharmaceutical company.

  • It primarily develops drugs to treat medical conditions such as heart disease, arthritis, diabetes, depression and respiratory diseases.

CEO - Umang Vohra

Founder - Khwaja Abdul Hameed

Headquarters - Mumbai

Subsidiaries – Cipla USA Inc., Cipla Health Ltd. etc.

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