InvestorQ : What is the alliance between Cipla and Roche all about and how is it likely to impact the stock price of Cipla in India?
Lavanya Subramanian made post

What is the alliance between Cipla and Roche all about and how is it likely to impact the stock price of Cipla in India?

Answer
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ishika Banerjee answered.
3 months ago


Cipla already has an existing partnership with Roche of Switzerland and has now decided to expand its partnership to improve access to oncology medicines. Oncology refers to the specialized treatment of cancer. The agreement between Cipla and Roche revolves around providing better access to innovative medicines for patients in India.

Under the terms of the deal, Cipla will market and distribute some of Roche’s oncology drugs like Trastuzumab, Bevacizumab and Rituximab. It may be recollected that earlier Roche and Cipla had entered into an agreement for promotion and distribution of Tocilizumab and other products.

The CEO of Cipla expressed confidence that this alliance will help them to broaden their offerings of oncology drugs in the Indian market. The stock has already gained as it happens to be one of the licensees for manufacture and marketing of Remdesivir for COVID-19 cases and that resulted in a rally of 100% in the stock in a short span of time.