Lupin Acquires Russian Generics Company

Lupin Limited has acquired a 100% equity stake in ZAO Biocom in Russia subject to certain closing conditions. The acquisition marks Lupin's foray into the Russian pharmaceutical market Established in 1991, Biocom is a generic pharmaceutical company with a major focus on therapies such as cardiovascular, central nervous system and antimicrobials for systemic use and also does contract manufacturing and secondary packaging.

Biocom recorded sales of RUB 861.2 million ($15 million) n financial year 2014 and has 118 employees. Biocom operates a European GMP compliant plant and also receive approved manufacturer status from the World Health Organization in 2013.

Source: Lupin

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