The country's largest drugmaker Sun Pharma may file application for a new drug with the US Food and Drug Administration in next two to three years, the company's Managing Director Dilip Shanghvi said on Thursday.
The firm's research arm - SPARC (Sun Pharma Advanced Research Company) is currently working on three new drugs that are currently under clinical trial stage, he added.
"A few years back, we decided to separate our innovative business in a company called SPARC. That company has now three products undergoing clinical trials. And hopefully in the next two to three years, we should have our own new product registered in the US," Shanghvi said in his address at Indian School of Business.
He, however, did not elaborate on the therapeutic areas on which those three chemical entities are under research.
The company has around 1,800 research scientists working in multiple R&D centres with expertise in developing generics, difficult to make technology intensive products, Active Pharmaceutical Ingredients (APIs), Novel Drug Delivery Systems (NDDS) and New Chemical Entities (NCEs), according to SPARC's website.
The company had earlier said it spends about 6 per cent of its revenues on Research and Development.