Amneal Pharma buys Punishka Healthcare for Rs 700 crore
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Bridgewater: The United States-based Amneal Pharmaceuticals on Tuesday announced that it has acquired India's Puniska Healthcare Pvt. Ltd. for a total value of USD 93 million (approximately 700 crore rupees).
As per the company release, the acquisition significantly enhances Amneal's injectables manufacturing infrastructure, capabilities, and capacity to support the U.S. market and serve as a foundation for international markets.
"Puniska includes a 293,000 square foot, a state-of-the-art manufacturing facility in Ahmedabad, India, with a number of sterile injectable production lines. Production capabilities include robotic, aseptic and lyophilizevial lines, emulsion line, and large-volume parenteral bag line. The acquisition also brings to Amneal approximately 550 Puniska employees with key capabilities in injectables manufacturing, R&D and commercialization," the release read.
Read also: Amneal Pharma buys Kashiv Specialty Pharma
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