Hotline: 1800 102 2007
Hotline: 1800 102 2007
Mar, 11 2019

Suven Life inks pact to acquire assets of Rising Pharmaceuticals

Suven Life Sciences has entered into a "stalking-horse" asset purchase agreement to acquire the assets of US-based Aceto Corporation's Rising Pharmaceuticals.

Suven Life inks pact to acquire assets of Rising Pharmaceuticals

Suven Life Sciences Ltd, the Hyderabad-based biopharma company, has entered into a "stalking-horse" asset purchase agreement to acquire the assets of US-based Aceto Corporation's Rising Pharmaceuticals through its joint venture partner Shore Suven Pharma Inc. 

Venkat Jasti, CEO & Chairman, Suven Life Sciences, said, "We are very pleased to have completed a “stalking-horse” asset purchase agreement of Rising Pharmaceuticals through our joint venture partner, Shore Suven Pharma, Inc."

"This potential acquisition of Rising’s assets would transform Shore Suven Pharma into a strong US generic pharmaceutical company. Leveraging Rising’s extensive product portfolio to become vertically integrated with our already world class API and finished dose manufacturing capabilities will enable us to better serve US customers," he further stated.

Vimal Kavuru, who will serve as CEO of Shore Suven Pharma, stated, "The opportunity to work with Rising’s suppliers and employees to ensure continuity of product supply to customers in connection with this proposed integration will be our top priority. We have an exceptional generic pharmaceutical management team ready to facilitate a smooth transition while maximizing the value of these assets. We look forward to working towards a successful closing."

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Laundry & Dry Cleaning
    Started in November 1961, by R.K.Maheshwari with a vision to..
    Locations looking for expansion Haryana
    Establishment year 1961
    Franchising Launch Date 2021
    Investment size Rs. 10lac - 20lac
    Space required 175
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
  • Others Food Service
    W e s t a r t e d o..
    Locations looking for expansion Delhi
    Establishment year 2009
    Franchising Launch Date 2021
    Investment size Rs. 2lac - 5lac
    Space required 650
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Digital Media & Internet Marketing
    Newsorb360 Is a unique Digital Media Platform which promote digitalisation..
    Locations looking for expansion Haryana
    Establishment year 2020
    Franchising Launch Date 2020
    Investment size Rs. 2lac - 5lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
  • Others Food Service
    The Fresh Press is a young and a fresh startup..
    Locations looking for expansion Haryana
    Establishment year 2018
    Franchising Launch Date 2021
    Investment size Rs. 5lac - 10lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities