Hotline: 1800 102 2007
X
Search Business Opportunities
Feb, 11 2019

Aurobindo Pharma To Invest Rs 15 Crore In Synergy Remedies

The transaction will be providing Aurobindo access to supplies of active pharmaceutical ingredients (APIs) and intermediates from Synergy.

Aurobindo Pharma Ltd has agreed to invest Rs 15 crore in exchange for a 19.9% stake in Synergy Remedies Pvt Ltd, a Tirupathi-based pharmaceutical company.

The transaction will be providing Aurobindo access to supplies of active pharmaceutical ingredients (APIs) and intermediates from Synergy.

Synergy was incorporated in 2011. It began commercial production in the financial year 2016-17. The pharma company owns a manufacturing plant at Tirupati, Andhra Pradesh, and has licences for ten API products.

Last month, Aurobindo Pharma had agreed to acquire seven branded oncology injectables from US-based Spectrum Pharmaceuticals Inc. for up to $300 million. In November 2018, the company agreed to buy a product under development and related assets from Australia-based Advent Pharmaceuticals Pty Ltd for $12.5 million in cash.

Comment
image
Related opportunities
  • Tea and Coffee Chain
    About Us: Tea Time is one of the largest tea brands..
    Locations looking for expansion Andhra pradesh
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 2lac - 5lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Shaikpet Andhra pradesh
  • Pet Stores
    About Us: BonBeno's Journey started 3 years ago when the founder Vinay..
    Locations looking for expansion Delhi
    Establishment year 2015
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Extra Curriculum Activities
    About Us: ScienceUtsav is an edutainment program for children of age..
    Locations looking for expansion Maharashtra
    Establishment year 2010
    Franchising Launch Date 2016
    Investment size Rs. 50 K - 2lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Fashion accessories - Men
    About Us: Established in 1997, Pratibha Syntex is strongly known for..
    Locations looking for expansion Madhya pradesh
    Establishment year 2015
    Franchising Launch Date 2015
    Investment size Rs. 10lac - 20lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Indore Madhya pradesh
Insta-Subscribe to
Entrepreneur
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities