Ilyang Pharm and Merck India signed a memorandum of understanding to supply ilaprazole, a new anti-peptic ulcer drug, in its raw material form, to India for the next 10 years on an exclusive basis, it was announced on May 25.
Under the agreement, Merck India will obtain the exclusive right to market ilaprazole in five Asian countries including India.
The pharmaceutical market in India has...
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