New CEO at Terapia Ranbaxy

"Our business in Romania had an excellent progress and development possibilities increased due to Romania's European Union accession. I trust that Mahendra, with its wide and diversified experience in the pharmaceutical area, will become an example of leadership that and guide the company on its new development path," said Ranbaxy's Regional Manager for Europe and interim CEO Nick Haggar, quoted by a company press release. Bharadwaj was previously managing director of Ranbaxy China. 

Terapia Ranbaxy posted $120 million (€81.57 mln) in sales in 2007, 21 percent higher year-on-year. In the fourth quarter of 2007, sales amounted to $32 mln (€21.7 mln), 23 percent higher year-on-year. The company gained a 5.2 percent market share, the largest on generic products segment. (NewsIn)