Eris Lifesciences Ltd To Discuss Joint Venture with Mj Biopharm Pvt Ltd Call Transcript
Ladies and gentlemen, good day, and welcome to the conference call of Eris Lifesciences. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. V. Krishnakumar, Chief Operating Officer and Executive Director of the company. Thank you, and over to you, sir.
Good morning. I'm happy to share with you today that Eris has announced its entry into India's insulin and GLP-1 agonist market through Eris MJ Biopharm Limited, a special purpose joint venture between Eris and Mumbai-based MJ Biopharm Private Ltd. The insulin and GLP-1 market in India is presently worth INR 3,500 crores to INR 4,000 crores, and we expect that to double over the next 5 years. So we are talking of an addressable market of nearly INR 8,000 crores by the year 2025, '26.
Eris, one of India's leading players in the overall diabetes care segment, will now extend its product offering to insulin and GLP-1 agonist. The 70-30 joint venture,
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