Indoco Remedies has acquired the manufacturing facility located at Baddi of Micro Labs Ltd., (a Bangalore based company).
The facility is spread over an area of 18,000 sq.mt, out of which 11,000sq.mt.is the built-up area. It produces 4.3 billion tablets and 50 million capsules p.a.
The acquisition will help Indoco Remedies to increase the manufacturing capacity and Indoco Remedies probably will focus on international business in the coming years. The facility will cater mainly to the Regulated markets and the necessary approvals from the regulatory authorities will be obtained soon.
The acquired manufacturing site is close to Indoco’s existing manufacturing plant in Baddi, Himachal Pradesh. Baddi will thus be another manufacturing hub for Indoco’s solid dosages business in the regulated markets.
With this acquisition, Indoco will now have 6 facilities for finished dosages and 3 for APIs. Out of these, 3 facilities for finished dosages, including sterile plant and 2 facilities for API manufacturing are USFDA approved.