Recipharm completes strategic acquisition in India
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The acquired business is now known as Recipharm Pharmaservices Private Ltd.
Recipharm has now concluded the acquisition of Kemwell’s pharmaceutical businesses located in Bengaluru, India.
Highlights
- Provides access to significantly increased development operation both in scale and breadth of capabilities.
- Already working with customers with strong US ANDA project pipeline.
- Adds US FDA and EU approved highly efficient manufacturing options.
- Expands manufacturing capabilities, complementary technology to Nitin Lifesciences.
India transaction
Thomas Eldered, CEO of Recipharm AB said: “I am pleased we have now finally completed this important acquisition. We are now in a position to offer our customers access to cost effective development and manufacturing capabilities able to serve international markets including the US. These acquisitions are already showing great promise and I am pleased the current Managing Director, Anurag Bagaria, and VP Corporate Development, Karan Bagaria, will continue in their current positions going forward.”
The acquired business now known as Recipharm Pharmaservices Private Ltd, was originally founded by Subhash Bagaria. It employs around 1 200 people and comprises both development services as well as commercial manufacturing of solid, semi-solid, liquid and topical products, with customer relations spanning decades. The solid dosage plant was commissioned in 2008 and has approvals from US FDA and EU amongst many other regulatory bodies. The oral liquids production plant was commissioned in 2011 and is specialized in automated high throughput large volume manufacturing, mainly for the Indian subcontinent. The development business is a rapidly growing business with a comprehensive service offering including formulation development, small scale manufacturing for clinical trials and a large analytical services business.
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