Regions :: India/Pakistan
Aurobindo and Celon Laboratories form generics JV to cater US and Europe
9:53 AM MST | December 10, 2013 | Natasha Alperowicz
Celon Laboratories (Hyderabad, India) said on Monday that it has entered into an agreement with Aurobindo Pharma (Hyderabad) to form a joint venture to develop, manufacture, and sell hormonal and oncology generic formulations for the US and European markets. A special-purpose vehicle company, Eugia Pharma Specialties, will be formed and in which Aurobindo will hold 60% and Celon 40%. The companies will invest a combined 1.8–2.0 billion Indian rupees ($29.5–32.8 million) in the jv over the next two to three years. Aurobindo, in August, agreed to...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee