Sun Pharma subsidiary acquires Antibe Therapeutics for Rs 27 crores

Published On 2025-03-19 11:00 GMT   |   Update On 2025-03-19 11:00 GMT

Mumbai: In a recent BSE filing, Sun Pharmaceutical Industries Limited has informed that TARO Pharmaceuticals Inc., a subsidiary of Sun Pharmaceutical Industries Limited has completed 100 percent acquisition of Antibe Therapeutics Inc., Canada for a total consideration of CAD 4.5 million.

Founded in 2009, Antibe is an Ontario, Canada incorporated corporation based in Ontario, Canada. It is a clinical-stage biotechnological company developing novel drugs primarily focusing on reducing pain and inflammation. 
Consolidated revenue from operations of the Company for the 
previous three years is NIL.

Sun Pharma is an Indian multinational pharmaceutical company headquartered in Mumbai, Maharashtra. The company manufactures and markets a large basket of pharmaceutical formulations covering a broad spectrum of chronic and acute therapies. It includes generics, branded generics, specialty, complex or difficult-to-make technology-intensive products, over-the-counter (OTC), antiretrovirals (ARVs), Active Pharmaceutical Ingredients (APIs), and Intermediates.

Read also: Sun Pharma to acquire Checkpoint Therapeutics for USD 355 million

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