Aurobindo gives more info on injectables rejig and ingredient M&As

By Gareth Macdonald contact

- Last updated on GMT

Related tags: Subsidiary, Pharmaceutical drug, Pharmacology

Aurobindo plans acquisitions and injectables rejig
Aurobindo plans acquisitions and injectables rejig
Aurobindo Pharma has given more details of a planned expansion of its API and antibiotics businesses and has confirmed its intention to rejig its injectables operations.

The plans – which were detalied in a new filing on the Bombay Stock Exchange​ – will see Aurobindo buy active pharmaceutical ingredient (API) firm Hyacinths Pharma and carbapenem maker Silicon Life Sciences (SLS) outright.

The takeovers - financial terms of which were not disclosed - will expand Aurobino’s network of manufacturing facilities with plants in Srikakulam and Vishakapatnam, in the Southern Indian state of Andhra Pradesh.   

The Hyacinths’ plant – which is on a 52 acre site in Srikakulam - has not yet begun manufacturing but has been approved to do so but the Indian authorities according to Aurobindo, which also cited the facility's proximity to one of its existing factories in Pydibhimavaram as a plus.

The location of the land is strategically ideal and convenient for expansion plans of the company [Aurobindo] in future​” the firm said in its filing, adding that post acquisition Hyacinths will operate as a wholly owned subsidiary.

The SLS site is operational and has been supplying another Aurobindo subsidiary – Gurgaon, Haryana-based Auronext Pharma – since the firm was established​ in a joint venture between Aurobindo, Trident Chemphar and various other investors in 2008.

Injectables changes

Aurobindo also used the new filing to give more details of its plans to rejig its injectables business, which were announced in a separate BSE filing on August 10​.

The contract manufacturing organisation (CMO) said it will transfer control of its ophthalmic injectables unit in Hyderabad – which was granted US Food and Drug Administration (FDA) approval to make generic ondansentron last December - to a new wholly-owned subsidiary – Curepro Parenterals – it plans to establish.

Aurobindo said that the move will “strengthen and provide focused growth to the injectables business​.”

The latest filing does not mention the CMOs previously announced intention to buy a 60% stake in a hormone and cancer drug making plant being built buy Celeon Laboratories for INR156m ($2.4m).

The Aurobindo subcommittee charges with reviewing the firm’s injectables business has 60 days from August 10 to put together a full plan.

Related news

Show more

Related products

show more

Seasonal Vaccine Manufacturing

Seasonal Vaccine Manufacturing

Baxter BioPharma Solutions | 19-Oct-2020 | Technical / White Paper

The production of seasonal vaccines, such as those for influenza, presents unique challenges to manufacturers due to the necessary time constraints resulting...

Lactium, your ally to manage day to day stress

Lactium, your ally to manage day to day stress

Ingredia | 27-Aug-2020 | Product Presentation

Stress has been called the ‘health epidemic of the 21st century’ by the World Health Organization. Increasingly, consumers are looking for safe, reliable...

Related suppliers

Follow us

Products

View more

Webinars