India, Aug. 12 -- image credit- shutterstock

Mumbai-based Lupin Limited has partnered with Sandoz Group AG, Switzerland, to market and commercialise Lupin's biosimilar ranibizumab across multiple regions.

Under the terms of the agreement, Sandoz will oversee commercialisation of the product across the European Union (excluding Germany), Switzerland, Norway, Australia, Hong Kong, Vietnam, and Malaysia.

Lupin will be responsible for manufacturing the product and for regulatory submissions. Sandoz will hold exclusive marketing rights in most of the designated markets, except for France, Australia, Vietnam, and Malaysia, where it will have semi-exclusive marketing rights.

Pursuant to another agreement executed between the two companies, S...