Ranbaxy Continues to Be the Leader in Indian Market

Ranbaxy Laboratories, Indian pharma giant, defying problems on various fronts, has managed to retain its position as the leader in the Indian market.

The US government's legal move against Ranbaxy for allegedly selling adulterated drugs in the US could expose the company to an investigation back home too, Business Week had recently reported.

Concerned whether shareholders in the company were kept in the dark about potential risks or were given a rosier picture of the state of affairs, the Indian government is set to examine the charges levelled by US authorities and the company's statutory documents, the magazine had said.

Only recently Ranbaxy had sealed a multi-billion dollar mergel deal with the Japanese MNC Daiichi Sankyo.

If the company's documents show that the drug-maker has not taken its shareholders into confidence about the risks involved, a full-fledged investigation into the affairs of the company would follow. "We are keeping close tabs on the developments and would look into this issue," said a top government official.

Whatever might happen in the future, right now Ranbaxy remains firmly as the market leader in retail sales in India, with a share of 5.2% for the April-June quarter. It also maintained the top slot in each of the past three months, with a share of 5% in June, higher than last year’s market leader Cipla’s share of 4.9% during the same month. 
  
During the April-June quarter, Cipla occupied the second slot with a share of 5.1%, growing by 9%. While Ranbaxy registered the highest growth of over 18% during the quarter, while in June alone, it had a growth of over 15%, reports Rupali Mukherjee in Times of India.