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Mankind Pharma Completes Rs 13,768 Crore Acquisition of Bharat Serums

Written By : Farhat Nasim Published On 2024-10-24T14:39:37+05:30  |  Updated On 24 Oct 2024 2:39 PM IST
Trademark Win for Mankind: HC Rejects FLORASIS Over Similarity with FLORA
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Sanjiv Navangul, MD & CEO, BSV, said that being a part of the Mankind Pharma family makes BSV bigger, stronger and better.

New Delhi: Mankind Pharma on Wednesday said it has completed the transaction to acquire Bharat Serums and Vaccines Ltd (BSV), for a consideration of Rs 13,768 crore.
This strategic move marks a significant leap for the company, positioning it as a market leader in the Indian women's health and fertility drug market alongside access to other high entry barrier products in critical care segment with established complex R&D tech platforms, the drug maker said in a statement.
BSV, has developed recombinant and niche biologic products in-house, demonstrating its strong R&D capabilities and boasts of a robust branded product portfolio across women's health, fertility, critical care and immunoglobulins.
Read also: Mankind Pharma CALDIKIND-P gets Delhi HC protection from lookalike CALIKA-P
"Today, we warmly welcome BSV's 2,500 plus members to Mankind family adding a new chapter to our exciting journey and setting the stage for accelerated growth," Mankind Pharma Vice-chairman and Managing Director Rajeev Juneja stated.
Sanjiv Navangul, MD & CEO, BSV, said that being a part of the Mankind Pharma family makes BSV bigger, stronger and better.
"Together, we will now be able to ensure wider access of our specialised and indigenously developed complex treatments to millions of patients in India and across the globe. We will together unlock new possibilities, explore opportunities and maximize potential that will help achieve our priorities and business goals," he added.
In July this year, Mankind had announced that it will acquire 100 per cent stake in BSV.
Read also: Mankind Pharma secures Rs 50 billion funding for Bharat Serums acquisition
Mankind PharmaBSVBharat Serums and VaccinesR&DRajeev JunejaSanjiv Navangulacquistion
Source : PTI
Farhat Nasim
Farhat Nasim

    Farhat Nasim joined Medical Dialogue an Editor for the Business Section in 2017. She Covers all the updates in the Pharmaceutical field, Policy, Insurance, Business Healthcare, Medical News, Health News, Pharma News, Healthcare and Investment. She is a graduate of St.Xavier’s College Ranchi. She can be contacted at editorial@medicaldialogues.in Contact no. 011-43720751

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