Advertise your job vacancies

Subscribe & Follow

Cipla buys SA drug and devices maker

12 Apr 2017

As third-biggest pharmaceutical company, Cipla Medpro SA, had acquired a 100% stake in local drug maker, Anmarat, for R26.3m.

Cipla said the acquisition formed part of its strategy to acquire selected products in the growing therapeutic categories.

Anmarat develops and manufactures medical devices and medication.

©Dmitry Kalinovsky 123rf.com

Cipla MedPro SA, which is 100%-owned by Cipla India, is one of SA's fastest growing pharmaceutical companies.

CEO, Paul Miller, said the group would be implementing "an intensive approach" to grow its portfolio of "quality" and affordable pharmaceutical solutions in more therapeutic areas.

The acquisition would "contribute greatly to Cipla's top line and growth aspirations".

In March, Cipla India sold its southern African veterinary operations to healthcare group Ascendis for R375m. The deal would permit Ascendis to expand into the attractive veterinary drug market with high margin products.

The deal followed a decision by Cipla India to focus on human healthcare only in SA. In July 2016, Cipla said it planned to invest R1.3bn in a biosimilar factory in Durban for cheaper new-generation cancer drugs.

Source: Business Day

Source: I-Net Bridge

For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.

We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.

Go to: http://www.inet.co.za