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  September 5, 2001
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Home > Company Index > Drugs > Drugs - Generic > Caraco Pharmaceutical Laboratories, Ltd.

Caraco Pharmaceutical Laboratories, Ltd.
OTC: CARA
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 PROFILE
Caraco Pharmaceutical Laboratories develops generic drugs for the prescription and over-the-counter markets. Caraco currently markets nearly 15 products primarily to drug wholesalers through agreements with other pharmaceutical companies. These products include Metoprolol Tartrate (originally made by Hexal-Pharma), and Selegeline (developed by Caraco for Apotex). The company also has a development and marketing agreement with Clonmel Chemicals for a product awaiting FDA approval. Sun Pharmaceutical Industries, which has agreed to sell development and marketing rights for 25 products to Caraco, owns more than 45% of the company.

 COMPETITION
Halsey Drug Co., Inc. (HDGC)
Impax Laboratories, Inc. (IPXL)
Xechem International, Inc. (ZKEM)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 2.40
1-Yr. Sales Growth: (17.9)%
Employees: 58
Revenue per employee: $41,379.31

 KEY PEOPLE
• Narendra N. Borkar
    CEO

 CONTACT INFO
1150 Elijah McCoy Dr.
Detroit, MI 48202
US
Phone: 313-871-8400
Fax: 313-871-8314
Online: Web Site

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