Ajinomoto Bio-Pharma acquires full control Indian JV from Granules

Ajinomoto Bio-Pharma acquires full control of Indian JV from Granules

9:29 AM, 30th August 2019
Granules OmniChem logo

WETTEREN, BELGIUM/ HYDERABAD, INDIA: Ajinomoto Bio-Pharma Services announced its intention to purchase the remaining 50 percent ownership interest in its Visakhapatnam, India joint venture, Granules OmniChem Private Limited (GOC) from its JV partner, Granules India Limited.

Ajinomoto Bio-Pharma is a leading provider of biopharmaceutical contract development and manufacturing services.

Closing is expected to be completed during fourth quarter 2019.

The GOC joint venture was formed in 2011 by S.A. Ajinomoto OmniChem N.V. (now doing business as Ajinomoto Bio-Pharma Services) and Granules India Limited, providing small molecule intermediates and active pharmaceutical ingredients (API) manufacturing to the pharmaceutical industry.

“This investment is an important follow-up to Aji Bio-Pharma’s October 2018 small and large molecule business integration and bolsters our commitment to simplifying our clients’ supply chains, while providing a wide range of CDMO offerings. GOC has been a well-run producer of high-quality API since its formation, which was designed, constructed and is managed based on our Belgian sites’ GMP operating standards and quality systems. This allows us to provide a seamless experience for our clients as they continue to deepen their partnerships with us on key programs in their product pipelines,” said David Enloe, CEO, Ajinomoto Bio-Pharma Services.

“We are extremely pleased to now be a fully integrated member of Aji Bio-Pharma. As an official part of this CDMO, our team can further enhance Aji Bio-Pharma’s ability to deliver value to our customers and contribute to the improving the health of humankind mission,” added KVV Raju, CEO, Granules OmniChem Pvt Ltd.

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