Ipca Labs buys UK-based Onyx Research Chemicals

09 Aug 2011

1

Ipca Laboratories Ltd has acquired 100 per cent equity stake in Onyx Research Chemicals Ltd, the holding company of UK-based Onyx Scientific Ltd, for 4.60 million pounds ($7.5 million).

Mumbai-based Ipca Laboratories made the acquisition through its wholly owned subsidiary, Ipca Laboratories UK Ltd, a company release said today.

The acquisition will bring together two contract manufacturing organisations to better serve their customers on a global basis, a company release said.

Onyx's capabilities in chemistry services for medicinal, preclinical and Phase-I/II programmes will dovetail effectively with Ipca's capabilities in supporting Phase-II to commercial scale programmes, the release said.

Onyx, which specialises in medicinal chemistry, process development, custom synthesis and GMP synthesis, supplies to pharma and biotech companies like Nuformix Ltd and Cyclacel Ltd.

Onyx, founded in 2000, is a preferred supplier of chemistry services to large pharma and biotech companies, Ipca added.

Business History Videos

History of hovercraft Part 3 | Industry study | Business History

History of hovercraft Part 3...

Today I shall talk a bit more about the military plans for ...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of hovercraft Part 2 | Industry study | Business History

History of hovercraft Part 2...

In this episode of our history of hovercraft, we shall exam...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Hovercraft Part 1 | Industry study | Business History

History of Hovercraft Part 1...

If you’ve been a James Bond movie fan, you may recall seein...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Trams in India | Industry study | Business History

History of Trams in India | ...

The video I am presenting to you is based on a script writt...

By Aniket Gupta | Presenter: Sheetal Gaikwad

view more
View details about the software product Informachine News Trackers