Ranbaxy laboratories limited

its just an example of bad presentation and presentation mistakes .

1. Ranbaxy Laboratories Limited

2. HISTORY of the company Ranbaxy was started by Ranbir Singh and Gurbax Singh in 1937 as a distributor for a Japanese company  Shionogi .   Ranbaxy's name is a fusion of Ranjit and Gurbax's names . The company’s manufacturing history was triggered by an alliance in 1951 with the Italian company Lapetit under which Ranbaxy distributed Lapetit products in India.  Bhai Mohan Singh bought the company in 1952 from his cousins Ranbir and Gurbax. is an Indian multinational  pharmaceutical  company that was incorporated in India in 1961.

3. The association with Lapetit ended in  1966,  due to Ranbaxy’s determination to formulate more products locally . After Bhai Mohan Singh's son Parvinder Singh joined the company in 1967, the company saw an increase in scale. Ranbaxy established its bulk drugs facility at Mohali, Punjab, in  1971  and went public in  1973 . From  1980 , the company transformed from a local to an international company. The driving forces were Parvinder Singh’s vision.

4. In 1992, Ranbaxy expanded it operations via a joint venture with Eli Lilly to manufacture Lilly products in India and market them throughout South Asia. in 1994, when it looked as if the US healthcare reforms would trigger an explosion in the generic drug market. Lilly also contracted Ranbaxy to make generics for it.

5. Trading In 1998, Ranbaxy entered the United States. the world's largest pharmaceuticals market and now the biggest market for Ranbaxy, accounting for 28% of Ranbaxy's sales in 2005. For the twelve months ending on 31 December 2005, the company's global sales were at US$1,178 million with overseas markets accounting for 75 % of global sales . For the twelve months ending on 31 December 2006, the company's global sales were at US$1,300 million.

6. In December 2005, Ranbaxy's shares were hit hard by a patent ruling disallowing production of its own version of Pfizer's cholesterol cutting drug Lipitor which has annual sales of more than $10 billion. On 23 June 2006, Ranbaxy received from the United States Food & Drug Administration a 180 day exclusivity period to sell simvastatin (Zocor) in the US as a generic drug at 80 mg strength. n 27 June 2014 Ranbaxy has got approval from the US FDA to make a generic version of Novartis blood pressure drug Diovan . This approval comes almost two years after the 3.5 billion dollar drug lost patent protection