Bolt-on buy shows Alembic's aim to be big player in US generics market

1 November 2017

Indian generic drugmaker Alembic Pharmaceuticals (NSE: APLLTD) has completed a buy of a New Jersey, USA-based company that takes its number of abbreviated new drug application (ANDA) approvals in the USA to 69.

Financial details of the bolt-on acquisition of US generics firm Orit Laboratories were not disclosed, but Alembic is confident that it is significant enough to widen its breadth and capabilities in the USA, adding a research and development (R&D) team that brings complementary skill sets.

"We are excited to have Dr Patel’s vast experience and proven expertise in the US generic pharmaceuticals industry"

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