Breaking News

Hospira To Acquire API, R&D Facilities

Gains Aurangabad site from Orchid Chemicals

Author Image

By: Tim Wright

Editor-in-Chief, Contract Pharma

Hospira, Inc. has entered an agreement to acquire an API manufacturing facility and an associated R&D facility from Orchid Chemicals & Pharmaceuticals Ltd., an Indian pharmaceutical company, for approximately $200 million. With the acquisition, the company aims to reduce costs, support the supply of key antibiotic products and the future development of APIs.   The 50,000 square meter facility in Aurangabad employs 640 chemists, engineers and technicians. The R&D facility based in Che...

Continue reading this story and get 24/7 access to Contract Pharma for FREE


Already a subscriber? Sign in

Keep Up With Our Content. Subscribe To Contract Pharma Newsletters