Page 154 - CW E-Magazine (12-11-2024)

Top Stories Pharmaceuticals

INDUSTRY-ACADEMIA COLLABORATION GROWTH STRATEGY

Evonik helps upgrade chemistry lab at Ramniranjan Piramal Pharma plans $85-mn capex in current fi nancial year
Piramal Pharma Solutions (PPS)
“We expect the capex this year to
Piramal Pharma is utilising a capex
Jhunjhunwala College of about $85-mn for various initiatives, be at a similar level as last year, which has already announced an investment
The Indian subsidiary of German including capacity expansion, mainte- is about $85 million,” Ms. Piramal told of $80-mn in expanding its sterile
speciality chemicals firm, Evonik, nance and de-bottlenecking of CDMO news agency, PTI. injectables facility in Lexington,
has contributed to the improvement sites, in the current fi scal, according to Kentucky (US). “It will be completed
of chemical laboratory infrastructure its Chairperson, Ms. Nandini Piramal. A part of the capex is planned for the in FY27,” Ms. Piramal said.
at Mumbai-based RJ Jhunjhunwala domestic market while some of it would
College (Autonomous). Non-profit Piramal Pharma includes Piramal also go into the US business, she added. Aiming high
organisation, YUVA Unstoppable ac- Pharma Solutions (PPS), an integrated “Some part of it, around $30-mn, is Piramal Pharma is aiming to be
complished the project under Evonik’s contract development and manufacturing maintenance capex, and the rest would an over $2-bn global pharma, health
‘Grow Beyond Yourself initiative’. organisation (CDMO); Piramal Critical go into capacity expansion in Telangana and wellness fi rm by FY30. In the next
Care (PCC), a complex hospital generics and Dahej (Gujarat) plants and also to- fi ve years, the company is targeting its
In a social media post, Evonik said business; and the India Consumer Health- wards de-bottlenecking of some of the CDMO vertical to become a $1.2-bn
the newly inaugurated chemistry labo- care business selling over-the-counter CDMO sites,” Ms. Piramal noted. The entity. Besides, the company expects its
ratory at the college aims to provide products. company recently reported over four- critical care vertical to touch $600-mn
students with essential resources and fold increase in consolidated net profi t by FY30 and the consumer healthcare
state-of-the-art facilities. The labora- The Mumbai-based fi rm, which aims at Rs. 23-crore for the second quarter vertical to become a $200-mn entity.
tory is equipped with 36 modern in- to cross $2-bn in revenue by FY30, has ended September. It reported revenue of
struments and equipment to support already invested around $30-mn in the Rs. 2,242-crore for the second quarter, Ms. Piramal stated that the company
scientific education and provide oppor- fi rst half of the ongoing fi scal on the compared to Rs. 1,911-crore in the same also continues to look at inorganic growth
tunities for students to gain practical new laboratory is a testament to Evo- dents in India through the ‘Grow Be- initiatives. year-ago period. to achieve its stated targets.
experience in chemistry. nik’s commitment to supporting STEM yond Yourself’ initiative and making Mankind Pharma closes acquisition of Bharat Serums and Vaccines
education and promoting youth deve- a positive impact on the communities
“The laboratory will provide an lopment in the Asia Pacific region. We we serve,” Mr. Vinod Paremal, Evonik Mankind Pharma said it has com- Mankind Pharma’s Vice-Chairman and ensure wider access of our specialised
excellent platform for students to learn remain steadfast in our efforts to sup- India’s President & Managing Director, pleted the transaction to acquire Bharat Managing Director, Mr. Rajeev Juneja, and indigenously developed complex
and conduct scientific activities. The port STEM education for female stu- said in a social media post. Serums and Vaccines Ltd. (BSV), for stated. treatments to millions of patients in India
Rs. 13,768-crore. The deal positions the and across the globe,” added Mr. Sanjiv
company as a market leader in the Indian “Together, we will now be able to Navangul, MD & CEO, BSV.
women’s health and fertility drug market
besides providing access to other high Alembic Pharma gets USFDA nod for generic
entry barrier products in critical care
segment with established complex R&D hypertension treatment capsules
tech platforms, the company informed in
a statement. Alembic Pharmaceuticals said it (RLD), ‘Dilacor XR Extended-Release’
has received fi nal approval from the US capsules, 120-mg, 180-mg, and 240-mg
The deal to acquire 100% stake in BSV health regulator for its generic version of Allergan Sales LLC, it added.
was announced by Mankind in July this of Diltiazem Hydrochloride extended-
year. BSV has developed recombinant and release capsules used to treat hyperten- Diltiazem Hydrochloride extended-
niche biologic products in-house, demon- sion. The approval by the USFDA is release capsules are indicated for treat-
strating its strong R&D capabilities and for the abbreviated new drug applica- ment of hypertension. The drug may be
boasts of a robust branded product port- tion (ANDA) Diltiazem Hydrochloride used alone or in combination with other
folio across women’s health, fertility, extended-release capsules of strengths antihypertensive medications, such as
critical care and immunoglobulins. “We 120-mg, 180-mg, and 240-mg, the diuretics. It is also indicated for the man-
warmly welcome BSV’s 2,500-plus company said. agement of chronic stable angina. Citing
members to Mankind family adding a IQVIA data, Alembic Pharma said the
new chapter to our exciting journey and These are therapeutically equiva- capsules have an estimated market size of
setting the stage for accelerated growth,” lent to the reference listed drug product $28.2-mn for 12 months ended June 2024.

154 Chemical Weekly November 5, 2024 Chemical Weekly November 5, 2024 155

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