ranbaxy history

1962: Ranjit Singh and Gurbux Singh incorporate Ranbaxy to market pharmaceuticals in Amritsar, India, and borrow funding from moneylender Bhai Mohan Singh.

1966: Bhai Mohan Singh takes over Ranbaxy in lieu of repayment of the loan.

1967: Son Dr. Parvinder Singh joins the company, which begins producing generic drugs.

1969: Calmpose, a Valium generic, is launched, becoming the company's first success.

1973: Ranbaxy goes public and builds a new API chemicals facility in Mohali.

1977: The company begins production in Lagos, Nigeria through a joint venture.

1983: The company opens a dosage plant in Dewas.

1987: The company builds a state-of-the-art API facility in Toansa in preparation for entry into the U.S. market.

1988: The Toansa facility receives FDA approval.

1992: The company launches a joint marketing agreement with Eli Lilly.

1993: A joint venture is launched in China; a new research-driven NCE and NDDS strategy is launched.

1994: The company opens a new research and development facility in Gurgaon, India.

1995: The company acquires Ohm Laboratories in the United States and builds a new FDA-approved production facility.

1998: Ranbaxy begins marketing its own branded drugs in the United States; the company launches clinical trials on the first in-house developed molecule.

2000: Ranbaxy acquires Basics, Bayer's generics business in Germany; the company enters Brazil.

2003: Ranbaxy successfully completes the first NCE phase I clinical trial; the company acquires RPG (Aventis) in France, becoming the leading generics manufacturer for that market.

2005: The company launches a new $100 million production facility in Brazil.

 
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