Eyecare firm Bausch & Lomb has entered into a drug supply deal with Bangalorebased Micro Labs, marking its entry into the country’s pharmaceuticals market.
The two firms have signed a memorandum of understanding (MoU), under which the American firm will leverage low-cost facilities of Micro Labs to manufacture its pharmaceutical products for the Indian market.
Initially, the American firm will launch six eye drops made by its Indian partner. The company has hired a sales team of 70 for the pharma operations, taking its total employees strength to 270 in the country. At present, the firm markets its vision care and surgical instruments.
The two firms have signed a memorandum of understanding (MoU), under which the American firm will leverage low-cost facilities of Micro Labs to manufacture its pharmaceutical products for the Indian market.
Initially, the American firm will launch six eye drops made by its Indian partner. The company has hired a sales team of 70 for the pharma operations, taking its total employees strength to 270 in the country. At present, the firm markets its vision care and surgical instruments.
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