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Recipharm Invests in Nichepharm Lifesciences

Partnership aims to create production capacity in India for a range of sterile dosage forms

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By: Kristin Brooks

Managing Editor, Contract Pharma

Recipharm has entered a partnership with Sobti to create production capacity in India for a range of sterile dosage forms.  The Sobti family’s newly created company, Nichepharm Lifesciences Pvt Ltd. will initially issue an 8% equity stake to Recipharm for an investment of approximately 110 million SEK. Recipharm will have the option to acquire an additional 16% share during 2021. The new facility that will be established in Dehradun, Uttarakhand in northern India is expected to be fully operati...

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