Nostrum announces acquisition Of Sun Pharma's Bryan, Ohio Facility

Mumbai, India.

Commenting on the asset purchase Nostrum Chairman and CEO Nirmal Mulye, Ph.D. said "We are pleased to complete this transaction with Sun Pharma and believe this acquisition strengthens our revenue base and ensures that we fulfill our organic growth initiatives."

Sun Pharma's CEO for N. America, Kal Sundaram, added, "This transaction is a winning proposition for all parties as Nostrum Labs will continue to grow the

Bryan facility through the introduction of new products, thus ensuring the continued employment of the employees at Bryan. Further, Sun Pharma will benefit from the collaboration with Nostrum Labs on product development opportunities in the future."

Nostrum and its parent are engaged in the formulation and commercialization of specialty pharmaceutical products and controlled-release, orally-administered, branded and generic drugs.  Pharmaceutical companies are increasingly utilizing controlled-release drug delivery technologies to improve therapy.  These technologies allow for the development of "patient-friendly" dosage forms, which reduce frequency of drug administration, thus improving patient compliance.  Controlled-release pharmaceuticals can be especially beneficial for certain patient populations, such as the elderly, who often require several medications with differing dosing regimens.  Nostrum has a rich portfolio of filed Intellectual Property.  Nostrum's rich portfolio is supported by research and development in Indiathrough its affiliate, Enem Nostrum Remedies Pvt. Ltd.