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THE PHILIPPINES

The Philippines pharmaceutical market is valued at USD 3.4 billion. Lupin’s subsidiary Multicare Pharmaceuticals Philippines Inc. (Multicare) had a very strong year recording revenues of PHP 1,626 million (Rs. 2,297 million) clocking a growth of 42% for FY 2016 as against an Industry growth rate of 9%. Multicare is ranked 22nd and is amongst the fastest growing pharmaceutical players in The Philippines (IMS March 2016). Multicare is a premium branded generics company with a strong presence in Women’s Health, Childcare, Anti-Infectives, Central Nervous System (CNS) and Paediatrics segments.

FORMULATIONS BUSINESS