Piramal Healthcare May Acquire US Based Cambridge Major
Piramal Healthcare is planning to acquire U.S.-based Cambridge Major Laboratories Inc, a contract drug manufacturer for $200 Mn.
Cambridge Major Laboratories makes pharmaceutical intermediates and active pharmaceutical ingredients that are used in drugs. It owns three facilities in the U.S. and one in Europe.
Recently, Piramal completed the acquisition of US based Decision Resources LLC, a health information-management company for $635 Mn.
It has also acquired the molecular imaging development portfolio of Bayer Pharma AG.
Piramal Healthcare retained Contract research and manufacturing services, smaller over-the-counter and the critical-care products segments businesses, when it sold its domestic drug formulations and diagnostic services arms to Abbott for $3.72Bn in 2010. The company is planning to use this fund for scaling up its retained businesses.
Piramal has built its pharmaceuticals empire with 25 takeovers in two decades.
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