Sun Pharma forms distribution partnership with Mitsubishi Tanabe in Japan
In a recent strategic move, Sun Pharma formed a distribution alliance with Mitsubishi Tanabe Pharma Corporation in Japan for the total of 14 prescription brands which were acquired from Novartis for $293m. The brands are Parlodel, Lamisil, Nitroderm, Apresoline, Zaditen, Symmetrel, Cibacen, Tegretol, Pursennid, Lioresal, Lopresor, Ternelin, Ludiomil and Lochol. After the transfer from Novartis to Sun Pharma subsidiary in Japan, Mitsubishi will be responsible for the marketing as well as the distribution of all the 14 brands.
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