RANBAXY ANNOUNCES COURT
FILING OF CONSENT DECREE WITH U.S. FOOD AND DRUG ADMINISTRATION
Gurgaon, India, January 25, 2012 - Ranbaxy
Laboratories Ltd. (RLL, NSE: RANBAXY, BSE: 500359) ("Ranbaxy")
today announced that the consent decree with the U.S.
Food and Drug Administration ("FDA") that
was signed on December 20, 2011 has been filed with
the United States District Court for the District of
Maryland. Under the terms of the consent decree, which
is subject to approval by this Court, Ranbaxy has committed
to further strengthen procedures and policies to ensure
data integrity and to comply with current good manufacturing
practices.
"Today's announcement is the next step
in the process of finalizing our agreement with the
FDA to resolve this legacy issue," said Arun Sawhney,
Ranbaxy CEO & Managing Director. "We are pleased
with the progress we have made in upgrading and enhancing
the quality of our business and manufacturing processes
and remain committed to ensuring that all of our facilities
and products meet the high standards that patients,
prescribers and the public have come to expect from
Ranbaxy."
Mr. Sawhney continued, "As one of the premier global
generic pharmaceutical companies, all of our efforts
are focused on continuing to provide safe, effective
and affordable products to consumers around the world."
About Ranbaxy Laboratories Limited
Ranbaxy Laboratories Limited, India's largest pharmaceutical
company, is an integrated, research based, international
pharmaceutical company producing a wide range of quality,
affordable generic medicines, trusted by healthcare
professionals and patients across geographies. Ranbaxy's
continued focus on R&D has resulted in several approvals,
in developed and emerging markets many of which incorporate
proprietary Novel Drug Delivery Systems (NDDS) and
technologies, developed at its own labs. The company
has further strengthened its focus on generics research
and is increasingly working on more complex and specialty
areas. Ranbaxy serves its customers in over 125 countries
and has an expanding international portfolio of affiliates,
joint ventures and alliances, ground operations in 46
countries and manufacturing operations in 7 countries.
Ranbaxy is a member of the Daiichi Sankyo Group. Through
strategic in-licensing opportunities and its hybrid
business model with Daiichi Sankyo, a leading global
pharma innovator headquartered in Tokyo, Japan, Ranbaxy
is introducing many innovator products in markets around
the world, where it has a strong presence. This is in
line with the company's commitment to increase penetration
and improve access to
medicines, across the globe. For more information, please
visit
www.ranbaxy.com.