Piramal Enterprises has said it is looking to expand presence of its pharma vertical in global markets such as the US, Europe and Japan with plans to introduce more products.
North America and Europe account for over 70 per cent of the company’s revenue from pharmaceuticals business.
“Piramal will continue to add more generic hospital products both organically and inorganically to leverage its strong sales and distribution network, integrating acquired products and generating synergies,” Piramal Enterprises said in its annual report for 2016-17.
Piramal’s pharma vertical is divided into two — the global pharma business that sells pharma products and services globally and the India consumer products business that sells OTC products in India.
The company operates through its own field force in the US, the UK, Italy, and Germany and through more than 80 business partners in other countries. It has distribution presence in over 110 countries.