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Hoover's Company Profiles:

Caraco Pharmaceutical Laboratories, Ltd.

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(NYSE Amex:CPD)
Contact Information
Caraco Pharmaceutical Laboratories, Ltd.
1150 Elijah McCoy Dr.
Detroit, MI 48202
MI Tel. 313-871-8400
Fax 313-871-8314

Type: Public
On the web: http://www.caraco.com
Employees: 535
Employee growth: (19.8%)

Caraco Pharmaceutical Laboratories peddles cheaper versions of prescription drugs. The drug company sells generic knock-offs of a wide variety of pharmaceuticals, including about 40 prescription products in various strengths and dosages. Its product lineup includes treatments for high blood pressure, cancer, nervous system conditions, diabetes, allergies, and pain. Indian drugmaker Sun Pharmaceutical Industries owns a majority stake in the firm and licenses US marketing rights to Caraco for a number of generic drugs. Caraco markets its products throughout the US and Puerto Rico, selling primarily to pharmaceutical wholesalers. However, it has halted manufacturing operations due to regulatory concerns.

Key numbers for fiscal year ending March, 2010:
Sales: $233.7M
One year growth: (30.7%)
Net income: ($8.7)M

Officers:
Chairman: Dilip S. Shanghvi
CEO and Director: Gurpartap Singh Sachdeva
Interim CFO: Mukul Rathi

Competitors:
Mylan
Teva Pharmaceuticals USA
Watson Pharmaceuticals


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