Granules India acquires auctus pharma bulk drugs manufacturer Rs 120 crore
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Granules India acquires API manufacturer, Auctus Pharma

10:19 AM, 6th November 2013
Granules India acquires Auctus Pharma

HYDERABAD, INDIA: Indian pharmaceutical major, Granules India has acquired the unlisted Hyderabad-based Auctus Pharma, a manufacturer of bulk drugs or active pharmaceutical ingredients (APIs) for Rs 120 crore ($19.30 million).

Auctus’s product portfolio includes 12 APIs as well as key intermediates of those APIs. The APIs are in several therapeutic categories such as antihistaminic, antihypertensive, antithrombotic and anticonvulsant and more. Auctus’s APIs and intermediates sell in 50 countries. The team and assets from the acquisition will initially operate as a separate division with Granules. Granules also announced the opening of a new research and development (R&D) facility in Hyderabad. This will focus on full scale generic API development and supplement the company’s existing R&D facility in Pune which focuses on sustainable technology development.

“Auctus provides Granules with a meaningful API platform which has a US FDA approved site to strengthen our finished dosage division. Granules will offer tremendous value to customers since we can provide supply security all the way from key intermediates to finished dosages for these products. We will be a market leader by implementing our operational excellence philosophy while leveraging Auctus’ regulatory approvals. In order to accelerate growth with a sustainable development engine, we have established a new R&D facility to enable finished dosage filings for our new APIs,” said C Krishna Prasad, Managing Director, Granules India.

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