Neopharma Inc., USA, a subsidiary of Abu Dhabi based UAE' largest pharmaceutical manufacturer, Neopharma LLC, announced that in a 100 per cent ownership transfer, it has acquired from Dr. Reddy's Laboratories, Inc. a subsidiary of Dr. Reddy's Laboratories Ltd., which is an antibiotic manufacturing facility and its related assets in Bristol, Tennessee (US).
The Bristol site has had a long history first with the British drug maker GlaxoSmithKline (GSK) and then with Dr. Reddy's in manufacturing the brands Augmentin and Amoxil. The sale will enable the facility to continue providing oral penicillin-containing antibacterial products to patients in the United States. The 390,000-square-foot facility is dedicated to manufacturing and packaging oral-solid dose penicillin and has separate spaces for processing, packaging, development, printing, and warehousing.
Currently, Neopharma has five globally accredited pharmaceutical manufacturing facilities in three continents and serves over 50 countries with more than 100 different products.
Suresh Kumar Nandiraju, Chief Operating Officer of Neopharma, said, "This acquisition allows us to enter the United States penicillin-containing antibiotic market segment and marks our entry into the generic drug business in the US, while providing opportunities to explore additional synergies with our other group companies. The acquisition will help us leverage our expertise in beta lactam manufacturing segment."
Beta lactam is a class of broad-spectrum antibiotics, consisting of all antibiotic agents that contain a beta-lactam ring in their molecular structures.
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