Venus Remedies receives marketing approvals from Philippines, Saudi Arabia for three drugs

New Delhi: Venus Remedies Limited announced on Wednesday that it has further strengthened its global product portfolio with marketing authorisation for three key drugs from Philippines and Saudi Arabia.

Venus Remedies has received regulatory approval from Philippines, the second largest market in the Association of South East Asian Nations (ASEAN) region where the company has a sizeable presence, for chemotherapy drug paclitaxel and zoledronic acid, a medication used to treat metabolic bone disorders.

The company has also secured marketing authorisation from Saudi Arabia, the largest pharmaceutical market in the Gulf Cooperation Council (GCC) region, for another oncology drug, bleomycin.

The company is supplying paclitaxel from India to many countries like Colombia, Thailand, Tanzania, Morocco, Myanmar, Indonesia, Saudi Arabia, Malaysia, Zimbabwe, Sri Lanka, Pakistan, Kenya, and Botswana. Similarly, the company is selling zoledronic acid to Dominican Republic, Vietnam, Colombia, Jamaica, Tanzania, Zimbabwe and Kenya. Venus Remedies is also exporting bleomycin to several countries, including Colombia, Saudi Arabia, Zimbabwe, Iraq, Chile, Costa Rica, Myanmar and Hungary.

Terming the marketing authorisations from Philippines and Saudi Arabia as a significant achievement, Saransh Chaudhary, President, Global Critical Care, Venus Remedies Ltd, and CEO, Venus Medicine Research Centre said, “These marketing approvals are an endorsement of our regulatory prowess and uncompromising quality in line with rigorous global standards, making us a prominent supplier of the three drugs in 15 countries each.”