Something About Company
Cadila Healthcare Limited (also known as Zydus Cadila) is an Indian multinational pharmaceutical company headquartered in Ahmedabad, Gujarat, India primarily engaged in the manufacture of generic drugs. It ranked 100th in the Fortune India 500 list in 2020. Cadila was founded in 1952 by Ramanbhai Patel (1925–2001), formerly a lecturer in the L.M. College of Pharmacy, and his business partner Indravadan Modi. It evolved over the next four decades into an established pharmaceutical company. In 1995 the Patel and Modi families split; the Modi family’s share was moved into a new company called Cadila Pharmaceuticals Ltd., and Cadila Healthcare Ltd became the Patel family’s holding company. Cadila Healthcare had its initial public offering on the Bombay Stock Exchange in 2000 . In 2015 the company acquired another Indian pharmaceutical company called German Remedies. On 25 June 2007, the company acquired Química e Farmacêutica Nikkho do Brasil Ltda (Nikkho) as part of Zydus Healthcare Brasil Ltd. In 2010, Cadila Healthcare received a Wellcome Trust Award under the “R&D for Affordable Healthcare in India” initiative. In 2014, Cadila Healthcare launched the world’s first adalimumab biosimilar under the brand name Exemptia at one-fifth the originator’s price.[7] Zydus Cadila Healthcare has also launched its first research based drug molecule Saroglitazar in treatment of Diabetic Dyslipidemia under brand name “Lipaglyn”. SoviHep is the first sofosbuvir brand launched in India by Zydus in year 2015.[2] In 2019, injectable ketorolac tromethamine manufactured by Zydus (Cadila Healthcare) was recalled due to microbial growth. In 2020, Zydus Cadila’s drug Desidustat received approval by the USFDA to initiate clinical trials on cancer patients.
