Ranbaxy Laboratories Ltd was a leading Indian pharmaceutical company that was acquired by Sun Pharmaceutical Industries Ltd in 2014. The company had a strong presence in the global generics market, but was also embroiled in a series of regulatory and legal issues over quality control and falsification of data between 2008 and 2013. These issues led to Ranbaxy paying a $500 million settlement and being barred from exporting drugs to the US from certain plants.
Despite these challenges, Ranbaxy had a strong pipeline of products and a global manufacturing network. The acquisition by Sun Pharma has helped to consolidate the Indian pharmaceutical industry and brought together complementary strengths in research and development, manufacturing, marketing and distribution.
In conclusion, while Ranbaxy faced significant challenges in the past, it had a strong legacy and resources that have been leveraged by Sun Pharma to create a leading global pharmaceutical company. The industry continues to evolve and innovate, and companies that can adapt and deliver high-quality products that meet the needs of patients and healthcare providers will remain competitive.
SUMMARY AND CONCLUSION OF RANBAXY LABORATORIES LTD -
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