Indoco Remedies to Acquire Piramal Enterprises Clinical Research Business
Indoco Remedies Limited “ a firm that makes both finished drugs and drug ingredients for export across 35 countries – to acquire Piramal Enterprises Limited’s clinical research business for an undisclosed amount to reduce its research costs.
As per media reports, the business is being acquired on a going-concern basis.
Piramal Clinical Research is a Hyderabad based contract research organisation (CRO) that conducts clinical trials for generic drugs and is approved by US and UK health regulators. The company does not expect any financial impact from the sale, which is expected to be completed by April 06.
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