Mankind Pharma buys majority stake in Upakarma Ayurveda

Mankind Pharma acquired the ayurvedic solutions firm through one of its subsidiaries.

Published On 2022-11-28 09:50 GMT | Update On 2022-11-28 10:50 GMT

New Delhi: Mankind Pharma has recently acquired a majority stake in Upakarma Ayurveda, engaged in developing, manufacturing, and selling ayurvedic and herbal products for an undisclosed amount. The company's decision to invest will empower Upakarma Ayurveda to develop a wider range of products and offerings, the drug firm said in a statement.

"The current lifestyle has become strenuous where people find it difficult to focus on their health. To fulfill their requirements, consumers are considering Ayurvedic remedies for long-term sustenance and boosting immunity over time.

"As Mankind Pharma works towards improving the healthcare of people, we have associated with Upakarma Ayurveda in order to cater to the emerging needs of consumers," Mankind Pharma Vice Chairman and Managing Director Rajeev Juneja said.

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Mankind Pharma acquired the ayurvedic solutions firm through one of its subsidiaries.

Upakarma Ayurveda Founder & Managing Director Vishal Kaushik said that with the partnership, the company is hopeful that quality ayurvedic solutions will reach far and wide.

Medical Dialogues team had earlier reported that Panacea Biotec's Board of Directors as well as the Board of its wholly-owned subsidiary viz. Panacea Biotec Pharma Ltd. (PBPL) had approved the sale of Domestic Formulations Brands of PBPL, for India and Nepal, to Mankind Pharma Limited, India's 4th largest pharmaceutical company., for INR 1872 Crore.

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Mankind Pharma is a pharmaceutical company in India headquartered in New Delhi, India.

In the domestic pharmaceuticals business, the company's product portfolio comprises a broad range of formulations across various acute and chronic therapeutic areas, including anti-infectives, cardiovascular, gastrointestinal, anti-diabetic, neuro/CNS, vitamins/minerals/nutrients, and respiratory.

In the consumer healthcare business, the company has established several differentiated brands in the condoms, pregnancy detection, oral contraceptives, antacid powders, vitamin and mineral supplements, and anti-acne preparations categories.

Read also: Mankind Pharma multivitamin brand Health OK unveils Gummies for children

Article Source : with inputs

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Ruchika Sharma

Ruchika Sharma joined Medical Dialogue as an Desk Editor for the Business Section in 2019. She covers all the updates in the Pharmaceutical field, Policy, Insurance, Business Healthcare, Medical News, Health News, Pharma News, Healthcare and Investment. She has completed her B.Com from Delhi University and then pursued postgraduation in M.Com. She can be contacted at editorial@medicaldialogues.in Contact no. 011-43720751

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Mankind Pharma buys majority stake in Upakarma Ayurveda

Mankind Pharma acquired the ayurvedic solutions firm through one of its subsidiaries.

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