Mumbai, India : Piramal Pharma Limited (PPL) today announced an investment of INR101.77cr in Yapan Bio Pvt Ltd (“Yapan”) of Hyderabad, India, augmenting the capabilities of its Contract Development and Manufacturing Organization (CDMO) business, Piramal Pharma Solutions (PPS). PPL holds 27.78% equity stake in the company as a result of this investment. As PPS continues to strengthen its capabilities and position itself as a leading CDMO, this acquisition marks a significant addition to PPS’ global capabilities in the development and manufacturing of large molecules for human clinical trials.
Yapan Bio provides process development, scale-up, and cGMP compliant manufacturing of vaccines and biologics/bio-therapeutics, including high containment product classes (up to BSL-2+), recombinant vaccines, RNA/DNA vaccines, gene therapies, monoclonal antibodies, therapeutic proteins, and other complex biologics. Yapan’s FY21 turnover was INR 12.4cr. The company has already earned revenues of INR 11.8cr for H1FY22 and is poised for fast growth in response to strong market demand.
The investment in Yapan Bio allows PPS to broaden its service offerings in the fast-growing biologics CDMO space. Biologics capabilities can be synergistic with the company's anti-body drug conjugation capabilities; specifically, for customers who prefer the speed and simplicity benefits of an integrated program that involves development, manufacturing, conjugation, and fill finish. PPS currently offers integrated payload, conjugation, fill finish services, and the addition of anti-body capabilities enhances that offering.
Nandini Piramal, Chairperson, Piramal Pharma Limited said, “The expertise found at Yapan will help Piramal provide existing customers with wider capabilities for developing and manufacturing large molecules. This investment further supports our growth strategy for Piramal Pharma.”
Peter DeYoung, CEO, Pharma Solutions, Piramal Pharma Limited said, “During the past decade, biologics and their accompanying development services are the fastest growing segments of the CDMO market. This investment, coupled with the market-leading capabilities of our Grangemouth, UK site in antibody drug conjugations and our sterile fill/finish capabilities in Lexington, USA, demonstrates our commitment to growing our service offerings in the large molecule CDMO space.”
Atin Tomar and Nirav Desai, CEO and COO of Yapan said, “We are very excited about this transaction and are confident that PPS is the ideal partner to take the business through its next phase of growth. Yapan’s employees and customers, who are the core stakeholders of our business, will most assuredly benefit from PPS’ expertise in providing integrated services on a global scale.”
In today’s market, many pharma innovator companies are looking for CDMOs to support their biologics development and manufacturing requirements. PPS expects that adding these capabilities and expertise will enable the company to further enhance its offerings in this attractive, fast-track growth sector.
Trilegal served as legal advisors to PPL on this transaction. Torreya Partners India LLP served as financial advisor and Samisti Legal LLP served as legal advisors to Yapan on this transaction.
Gurugram, India – October 11, 2023: Samsung announced exciting offers
Bangalore, 10th October 2023: The Nokia G42 5G (16GB+256G
Bengaluru, October 10, 2023 IN-SPACe (Indian National Space Promotion and
New Delhi, October 3, India- Philips India announces an exciting co
Hyderabad, April 2024: BNI Hyderabad region, launched the world’s first Telugu Chap
In the bustling world of aviation, where every second counts and unforeseen circumstances can arise any moment, the presence of a
April 6th 2024, Kolkata: The National Human Resource Development Network (NHRDN) has concluded its 26th National Conf
best online foreign pharmacy: canadian international pharmacy - reliable canadian pharmacy reviews
canada pharmacy online legit: canadian international pharmacy - reputable online pharmacy reddit
canadianpharmacyworld com: certified international pharmacy - cross border pharmacy canada
education / 17-04-2024
Top Indian Execs join forces to train C-suites in Digital LeadershipTech-trends / 13-04-2024
iDestiny Unveiled Kolkata's First & Largest Apple Premium Partner Store in East India Near Park Circus 7 Point CrossingBusiness / 07-04-2024
BNI Hyderabad region launches World’s first Telugu Chapter, BNI Akshara at Nagole!Business / 07-04-2024
Guardians of Health and Safety: Inside the Vital Role of CSMIA's Airport Medical Services TeamBusiness / 07-04-2024
NHRDN’s 26th National Conference - “Beyond Tomorrow” sheds light on the Future HR TrendsPelikken © Copyright 2022, All Rights Reserved
_1713353985.jpeg)
