CCMD to become Malaysia’s largest pharmaceutical manufacturer
CCM Duopharma Biotech Berhad (CCMD) looks set to become one of Malaysia’s largest pharmaceutical manufacturers following its purchase of six pharmaceutical units from parent company, Chemical Company of Malaysia Berhad (CCM).
The deal which is valued at 245.1 million ringgit ($66.6 million) will see CCMD take over CCM’s pharmaceutical arm, which includes CCM Pharmaceuticals Sdn Bhd, CCM Pharma Sdn Bhd, Innovax Sdn Bhd, Upha Pharmaceutical Manufacturing (M) Sdn Bhd, CCM International (Philippines) Inc and CCM Pharmaceuticals (S) Pte Ltd. The acquisition, which has been several years in the planning, will allow CCMD to enhance its product offerings and scale via the combined production facilities.
Acquisition will allow firm to cater to growing demand for generic medicines
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