Industry Leader Piramal Pharma Invests Rs 101.77 Cr in City-based Yapan Bio | Nearby News
Home
Newsletters
Stories
Events
LifeStyle
Business
Administration
Politics
Entertainment
Startups

Hyderabad

Industry Leader Piramal Pharma Invests Rs 101.77 Cr in City-based Yapan Bio
Latest investment comes from market leader Piramal Pharma that invested Rs 101.77 crore in city-based Yapan Bio to augment the capabilities of its CDMO business
G
Guru Prasad
Hyderabad
Tue Dec 21 2021
share via :
Industry Leader Piramal Pharma Invests Rs 101.77 Cr in City-based Yapan Bio
A -
A +

It’s raining mergers and investments in Hyderabad. More so in the pharma segment. With a strong pharma base, the city is attracting investments to the tune of hundreds of crores. One such latest investment comes from market leader Piramal Pharma that invested Rs 101.77 crore in city-based Yapan Bio to augment the capabilities of its contract development and manufacturing organization (CDMO) business.


As of now, the Mumbai-based company has acquired a 27.78 stake in Yapan as a result of the investment. The current investment will help Piramal Pharma to strengthen PPS or Piramal Pharma Solutions, its CDMO business, by widening its service offerings.


Yapan Bio provides process development, scale-up, and cGMP compliant manufacturing of vaccines and biologics/ bio-therapeutics, including high containment product classes (up to BSL 2+), recombinant vaccines, RNA/ DNA vaccines, gene therapies, monoclonal antibodies, therapeutic proteins, and other complex biologics.


Piramal Pharma chairperson Nandini Piramal shares that the expertise found at Yapan will help Piramal provide existing customers with wider capabilities for developing and manufacturing large molecules. She adds that the investment will further support their growth strategy.


This investment, coupled with market-leading capabilities of Grangemouth, UK site in antibody-drug conjugations and our sterile fill capabilities in Lexington, USA, demonstrates their commitment to growing their service offerings in large molecule CDMO space, says Piramal Pharma Solutions CEO Peter DeYoung.


Get your local newspaper delivered to your Email at 7am everyday
Select City
Select City

FOLLOW US

Industry Leader Piramal Pharma Invests Rs 101.77 Cr in City-based Yapan Bio
Industry Leader Piramal Pharma Invests Rs 101.77 Cr in City-based Yapan Bio
Latest Articles
US Chip Design Firm Opens First Development Center In Hyderabad
US Chip Design Firm Opens First Development Center In Hyderabad
Third Wave Effect: Traffic Down By Thirty Percent
Third Wave Effect: Traffic Down By Thirty Percent
After Four Decades Of Neglect, GHMC Focuses On Old City Roads
After Four Decades Of Neglect, GHMC Focuses On Old City Roads
Know Ellas - The Latest Padma Bhushans From Hyderabad
Know Ellas - The Latest Padma Bhushans From Hyderabad
For Second Consecutive Year, Hyderabad Literary Festival Goes Virtual
For Second Consecutive Year, Hyderabad Literary Festival Goes Virtual
Groundwater Levels In Hyderabad 'Critical'
Groundwater Levels In Hyderabad 'Critical'
On National Girl Child Day, Mother Tries To Sell Teen Daughter
On National Girl Child Day, Mother Tries To Sell Teen Daughter
Night Curfew Not Needed: Govt Informs High Court
Night Curfew Not Needed: Govt Informs High Court
Fever Survey: Not For Apartments And Gated Communities!
Fever Survey: Not For Apartments And Gated Communities!
Darwinbox Becomes Hyderabad’s First Unicorn Serving Over 650 Global Clients
Darwinbox Becomes Hyderabad’s First Unicorn Serving Over 650 Global Clients
Related Articles
Darwinbox Becomes Hyderabad’s First Unicorn Serving Over 650 Global Clients
Darwinbox Becomes Hyderabad’s First Unicorn Serving Over 650 Global Clients
Hiring Up By 53% in the Second Half of 2021
Hiring Up By 53% in the Second Half of 2021
‘RACE’ing into the Lucrative Market of EV Battery Swapping
‘RACE’ing into the Lucrative Market of EV Battery Swapping
Flytta, a One-stop Solution for Asset Relocation for Corporates
Flytta, a One-stop Solution for Asset Relocation for Corporates
COVID Variants Play Spoilsport for Wedding Business
COVID Variants Play Spoilsport for Wedding Business
Hetero Pharma Seals a Deal Rs 350 Crore Deal for 600 Acres
Hetero Pharma Seals a Deal Rs 350 Crore Deal for 600 Acres
Amazon Going to Set up its 3 Data Centres in Hyderabad
Amazon Going to Set up its 3 Data Centres in Hyderabad
Traders Heartbroken As Numaish Gets Suspended Till January 10
Traders Heartbroken As Numaish Gets Suspended Till January 10
Traders Hopeful of Good Sales During Numaish 2022
Traders Hopeful of Good Sales During Numaish 2022
Industry Leader Piramal Pharma Invests Rs 101.77 Cr in City-based Yapan Bio
Industry Leader Piramal Pharma Invests Rs 101.77 Cr in City-based Yapan Bio
Hyderabad-based Pennar Industries Hits Jackpot Worth Rs 582 Crore
Hyderabad-based Pennar Industries Hits Jackpot Worth Rs 582 Crore
Simply South’s Seven Pulaos is Back in Business
Simply South’s Seven Pulaos is Back in Business
MARS Petcare Invests Rs 500 Cr to Create More Jobs in Hyderabad
MARS Petcare Invests Rs 500 Cr to Create More Jobs in Hyderabad
Despite Pandemic Telangana's IT Sector Records Phenomenal Growth
Despite Pandemic Telangana's IT Sector Records Phenomenal Growth
L&T Infotech's New Delivery Centre for Digital Solutions in Hyderabad
L&T Infotech's New Delivery Centre for Digital Solutions in Hyderabad
Gubba Cold Storage Solutions Will Now Take up Food Storage
Gubba Cold Storage Solutions Will Now Take up Food Storage
Subscribe to our Newsletter
Get your local newspaper delivered to your Email at 7am everyday
Select City
Select City
logo
hi@nearbynews.in
Gachibowli, Hyderabad - 500032
nearby news © - 2022