Indoco Remedies Ltd, a manufacturer and distributor of pharmaceutical products and services, today said it has acquired a 100 per cent stake in City-based pharma company La Nova Chem (India) Pvt Ltd.
Following the acquisition, La Nova Chem has become a subsidiary of Indoco Remedies, it informed the Bombay Stock Exchange.
La Nova Chem has a manufacturing facility at Patalganga, Maharashtra for manufacturing bulk drugs and drug intermediates, Indoco added.
The shares of Indoco Remedies were trading at Rs 252.50, up 2.85 per cent at the BSE.
Latest Corporate News
The first World Health Organisation (WHO)/ International Labour Organisation (ILO) joint global monitoring report shows that more action is needed to ensure healthier, safer, more resilient, and more social workplaces.
Successful career transitions could be possible when people leverage their existing skills in the new occupation. A new Artificial Intelligence tool helps employees figure out the right job according to their current skill set.
AI and big data rule the pharmaceutical sector by enhancing the drug development process and increasing the marketing and sales of drugs
Insurance companies in the US are working towards adding food to their coverage menu to improve the people's health under their coverage and cut hospital costs.
Pharmaceutical companies need to make strategic decisions that will provide financial benefit while showing strong commitment to global health and their patients during the pandemic.