Nicholas Piramal buys Healthline's pharmaceuticals business

23 Jan 2008

1

Nicholas Piramal India Ltd has signed an agreement to acquire the pharmaceuticals business of the Bangalore-based parenterals manufacturer, Healthline Pvt. Ltd (HLPL) for Rs15 crore.

Through this acquisition Nicholas Piramal will acquire HLPL's ingestible manufacturing unit at Bangalore, commissioned in 2994, for small and large volume injectible products. This facility has a capacity to produce 10 million vials per annum on a single shift basis.

Nicholas Piramal will invest additional resources at the facility to expand capacity and secure USFDA standards.

Ajay Piramal, chairman, Nicholas Piramal, said his company would expand its custom manufacturing offering to global customers. "HLPL is a good asset, which will expand our high-end manufacturing solutions from India."

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