Mankind pays $1.65 billion for Bharat Serums and Vaccines
Mumbai, India-based Mankind Pharma (NSE: MANKIND) has completed its acquisition of Bharat Serums and Vaccines (BSV), adding to its portfolio in the women’s health and fertility market.
The 138 billion rupee ($1.65 billion) deal expands Mankind’s portfolio with high-entry barrier products in critical care, including BSV’s established niche in immunoglobulins and complex R&D platforms.
With the acquisition, Mankind has also gained access to BSV's expertise in biopharmaceuticals, which includes in-house development of recombinant and biologic products. BSV’s 2,500 employees will now join the Mankind team.
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