
Lupin inks pact with China's Sino Universal Pharmaceuticals for Tiotropium dry powder inhaler
Live Events
(You can now subscribe to our
(You can now subscribe to our Economic Times WhatsApp channel
Pharma major Lupin Ltd on Monday said it has signed a license and supply agreement with China's Sino Universal Pharmaceuticals for the commercialisation of Tiotropium dry powder inhaler in the Chinese market.The agreement pertains to the commercialisation of the Tiotropium dry powder inhaler of strength 18 mcg/capsule, which is used in the treatment of Chronic Obstructive Pulmonary Disease (COPD), Lupin said in a regulatory filing.Under the agreement, Sino Universal Pharmaceuticals (SUP) will obtain regulatory approvals for selling Tiotropium DPI in China, while Lupin will be the marketing authorisation holder and responsible for manufacturing of the product, it added."This partnership demonstrates our commitment to developing critical products for the treatment of respiratory diseases such as COPD and establishing our leadership in the global respiratory health sector," Lupin President Corporate Development, Fabrice Egros said.With SUP, the company aim to enhance patient access to innovative and high-quality healthcare solutions , Egros added.Commenting on the partnership, SUP President Wang Li said, "Lupin's deep commitment to respiratory disease treatment and its innovation-driven approach to high-quality products align perfectly with SUP's strategic vision. We believe this collaboration will strengthen our synergy in respiratory care."By bringing more efficient and superior products to market, Li said, "We aim to make significant breakthroughs in respiratory disease treatment in China, allowing more patients to benefit from international high-quality and innovative products and enjoy respiratory health."Lupin said the partnership will enable it to expand its footprint in China.Tiotropium dry powder inhaler is known for its efficacy in improving lung function and quality of life for patients suffering from respiratory conditions, Lupin said. PTI
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Time of India
36 minutes ago
- Time of India
Rare earth supply crunch: Over 21,000 jobs in India's audio electronics sector at risk due to China curbs, says Elcina report
More than 21,000 jobs in India's audio electronics sector are at risk due to China's curbs on the export of rare earth metals, industry body Elcina has said in a report shared with the government. In April, China implemented stricter licensing rules on the export of key rare earth elements like terbium and dysprosium, which are essential for making Neodymium-Iron-Boron (NdFeB) magnets — widely used in consumer electronics such as hearables, wearables, and speakers. The Electronics Industries Association of India (Elcina) said the move has disrupted supply chains globally and is severely affecting India's fast-growing wearables and hearables market, forcing many manufacturers to switch to importing fully assembled speaker modules from China, PTI reported. 'This creates a regressive trend — from component manufacturing back to finished good imports dependency. Over 5,000–6,000 direct jobs and 15,000 indirect jobs are at risk in speaker and audio component manufacturing, especially in Noida and South India,' Elcina noted. India dependent on China for NdFeB magnets Rare earth magnets make up 5–7% of the bill of materials, and India imports nearly 100% of its NdFeB magnet requirement, with China accounting for 90% of those imports. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Seniors Born 1939-1969 Receive 9 Benefits This Month Bettys Perks Learn More Undo Prices for Chinese magnets have surged amid tightened supply and administrative delays, while alternatives from Japan, the EU and the US are 2–3 times costlier and lack adequate capacity. Electronics manufacturer Videotex, which produces televisions for brands such as Havells (Lloyd), Reliance (BPL, Reconnect), Toshiba, and Vijay Sales, said the situation poses challenges, but the immediate impact on TV production is expected to be limited. 'Rare earth-based magnets are critical in TV manufacturing, particularly for speakers due to their compact size and high performance. However, we are working closely with our suppliers to ensure sufficient stock for the upcoming season,' said Arjun Bajaj, Director of Videotex. He added that Videotex is also exploring alternative magnet options like ferrite, which come with acceptable performance trade-offs, and stressed that this disruption highlights the need for long-term strategies to localise and diversify sourcing. Elcina urges government action Elcina has urged the government to begin government-to-government (G2G) talks with China, seek industry-specific exemptions, and boost domestic R&D and manufacturing under the electronics component manufacturing scheme. It also recommended that the government consider a production-linked incentive (PLI) scheme for critical minerals, to reduce India's reliance on China and ensure the resilience of its electronics supply chain. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now


Time of India
3 hours ago
- Time of India
Agrochem market may hit $14.5 bn by FY28; herbicide exports jump; sector set for 9% CAGR: Report
India's agrochemicals industry is forecast to grow to $14.5 billion by 2027-28, clocking a compound annual growth rate (CAGR) of 9 per cent, even as global headwinds persist, Rubix Data Sciences said in its latest outlook. The research firm pegs the current market size at $11.2 billion for 2024-25, up 8.7 per cent year-on-year despite a tough external environment marked by inventory destocking, aggressive Chinese price competition and muted demand in key export destinations. Agrochemical exports fell 22 per cent in FY 24 for the reasons above. Rubix, however, expects a 'moderate recovery' in 2024-25 as global supply chains stabilise and Indian players leverage their cost competitiveness. Herbicides outpace other segments A standout trend is the surge in herbicide shipments, which logged a 20 per cent CAGR between FY 20 and FY 25, lifting their share of total agrochemical exports from 31 per cent to 37 per cent. Rising farm-labour costs worldwide and India's ability to deliver affordable crop-protection solutions are driving demand. Japan has edged past Brazil as the second-largest buyer of Indian herbicides, while the United States and Brazil remain the top markets for insecticides and fungicides. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch vàng CFDs với mức chênh lệch giá thấp nhất IC Markets Đăng ký Undo 'Sector resilient, adapting fast' 'The drop in agrochemical exports over the past year has definitely been a setback, but it's also part of a larger global reset,' said Mohan Ramaswamy, co-founder and CEO, Rubix Data Sciences. 'What we are seeing now is Indian manufacturers adapting fast, whether it's by improving cost efficiency, diversifying portfolios, or tapping into new markets. The sector is resilient, and we believe the recovery under way will be steady and sustainable. At Rubix, we are committed to helping businesses make sense of these shifts through data-led insights that support smarter decisions and long-term growth,' he added. Rubix believes the combination of cost-competitive manufacturing, product diversification and new-market penetration will help the industry navigate global challenges and sustain momentum towards the $14.5-billion mark.


Hindustan Times
5 hours ago
- Hindustan Times
Tata Motors working with govt for alternate sources for rare earth magnets: N Chandrasekaran
Tata Motors is looking for alternate resources for rare earth magnet other than China. Check Offers Tata Motors, the homegrown car manufacturer that leads the Indian electric passenger vehicle market, is working with the government to find alternate sources for rare earth magnets. The move comes at a time when China's sudden export curbs for the critical rare earth magnets have created anxiety in the auto industry, and several automotive players have been expecting massive disruption, even production shutdown, in the coming months if the situation continues. The rare earth magnet is one of the highly critical components for electric vehicles. These magnets are also heavily used in the internal combustion engine-powered vehicles. China controls 90 per cent of the global rare earth magnet market, and its sudden export curb has left the auto industry players in trouble. Tata Motors claims to be working with the Indian government to find a solution by finding an alternate source for rare earth magnets. PTI has reported that N Chandrasekaran, Chairman of Tata Sons and Tata Group, has said to the company's shareholders that as of now, the rare earth magnet crisis is not a concern, but this is something that he automaker is watching very carefully. "As of now, we are okay. We are not facing are able to source the magnets that we need, and we also have plans for having the right level of inventory. We are working with the government. Also, we are working on sourcing from alternate sources," Chandrasekaran noted while responding to queries from shareholders on the impact of China's move to restrict exports of rare earth elements and the shortage of magnets. The Indian automobile industry had already sought government support in expediting approvals from the Chinese government for importing rare earth magnets used in various applications, including passenger cars. However, the crisis still continues. Meanwhile, speaking about the impact of the Israel-Iran conflict on the operations of Tata Motors and Jaguar Land Rover, Chandrasekaran said that these companies will be able to tackle any geopolitical issues in the short term, but are completely ready and poised for excellent growth and will leverage the opportunity that this industry has to offer. Get insights into Upcoming Cars In India, Electric Vehicles, Upcoming Bikes in India and cutting-edge technology transforming the automotive landscape. First Published Date: 22 Jun 2025, 10:00 AM IST