“Eris Lifesciences Acquires Biocon’s Nephrology and Dermatology Brands for Rs 366 Crore”
Indian pharmaceutical company Eris Lifesciences is set to acquire Biocon’s Branded Formulations’ India (BFI) business units in nephrology and dermatology for Rs 366 crore. The deal marks Eris’s entry into nephrology and enhances its position in dermatology, providing strategic growth opportunities.
Eris Lifesciences Ltd, a prominent player in the Indian pharmaceutical industry, has announced its agreement to acquire Biocon Biologics Ltd’s Branded Formulations’ India (BFI) business units specializing in nephrology and dermatology. The deal, valued at Rs 366 crore, includes the transfer of working capital as part of the transaction.
This strategic acquisition will be partly financed through debt, with the full financial closure of the deal anticipated by the end of 2023. The business under acquisition comprises more than 20 mother brands with a FY23 revenue of Rs 90 crore and a current revenue run-rate of Rs 100 crore. Additionally, Eris will welcome the key leadership and the entire field force of this business, totaling over 120 personnel, into its fold post-acquisition.
The acquisition of Biocon’s BFI business units represents a significant milestone for Eris, marking its entry into the field of nephrology. This move aligns with Eris’s primary focus on the cardio-metabolic sector and enables the company to extend its healthcare services from diabetes/hypertension management to addressing Chronic Kidney Disease (CKD).
Amit Bakshi, Chairman & Managing Director of Eris Lifesciences, expressed confidence in the value this acquisition will bring to shareholders and its alignment with the company’s strategic objectives and capital allocation framework. The acquisition includes well-established brands such as Psorid, Tbis, Picon, and Calpsor, which will complement Eris’s existing Medical Dermatology portfolio. It will also strengthen Eris’s nephrology franchise, with brands like Tacrograf and Renodapt in Organ Transplants and emerging brands like Bionesp and Erypro in CKD-induced anemia.
The acquisition also consolidates Eris’s position in the dermatology segment, making it the second-largest player in psoriasis with an 11 percent market share. Following the deal, dermatology is poised to become Eris’s third-largest therapy area after diabetes and cardiovascular diseases.
Shreehas Tambe, CEO & Managing Director of Biocon Biologics Limited, explained that this divestment of non-core assets allows Biocon Biologics to unlock value within its Branded Formulations portfolio, enabling a sharper focus on core therapy areas such as Diabetes, Oncology, and Immunology.
The acquisition of Biocon’s BFI business units opens new growth avenues for Eris Lifesciences, positioning it for strategic expansion in nephrology and strengthening its presence in dermatology.
Sources By Agencies
About The Author
alternatives to allergy pills alternative allergy treatment options does allegra require a prescription
strong sleeping pills boots buy meloset 3 mg for sale
prednisone 20mg pills purchase prednisone online cheap
anti nausea prescription medication list clozapine where to buy
prescription medication for adult acne retin cream generic buy acne pills online
best otc heartburn medicine reviews cipro 500mg drug
brand accutane isotretinoin brand how to buy accutane
best sleep aids for seniors buy generic meloset over the counter
amoxicillin 250mg without prescription amoxil 1000mg drug order amoxicillin
buy azithromycin 250mg online order azithromycin 250mg pills azithromycin 250mg ca
order neurontin 100mg generic purchase neurontin pill
azithromycin oral azipro 500mg without prescription azipro 500mg pills
lasix over the counter furosemide over the counter
prednisolone order omnacortil 5mg generic cheap generic omnacortil
prednisone usa prednisone 40mg for sale
buy amoxicillin 250mg online cheap purchase amoxil without prescription order generic amoxicillin
doxycycline 100mg tablet monodox for sale online
order synthroid 100mcg for sale order synthroid pill synthroid 75mcg canada
levitra order levitra 20mg us
order clomiphene 50mg cost clomiphene clomiphene 100mg cost
rybelsus pills brand semaglutide 14 mg semaglutide 14 mg uk
brand prednisone 20mg prednisone medication buy deltasone 20mg generic
buy rybelsus semaglutide 14mg uk purchase semaglutide pills
isotretinoin online buy order accutane 20mg generic buy isotretinoin 20mg generic
purchase albuterol buy albuterol without a prescription generic asthma pills
brand clavulanate augmentin 625mg pill augmentin 375mg pills
order zithromax online order zithromax 250mg pill zithromax drug
levothroid oral order synthroid 75mcg online cheap buy synthroid online
order omnacortil online omnacortil oral order prednisolone 20mg
buy serophene generic purchase clomid pills clomid online buy
gabapentin medication neurontin usa neurontin 800mg usa
cheap viagra 50mg buy generic sildenafil order sildenafil online cheap
furosemide 40mg cost order furosemide 100mg pills order furosemide generic
buy rybelsus 14 mg for sale buy rybelsus generic semaglutide 14 mg uk
buy doxycycline 100mg pill buy doxycycline 100mg generic purchase doxycycline online cheap
free spins no deposit required slot games best casino online
how to buy pregabalin lyrica 150mg over the counter order pregabalin 150mg without prescription
buy hydroxychloroquine 200mg sale order hydroxychloroquine online cheap plaquenil 200mg cost
aristocort 10mg usa buy aristocort 10mg triamcinolone price
order clarinex 5mg online purchase desloratadine online buy generic clarinex 5mg
cenforce 50mg without prescription cenforce us buy cenforce
order claritin 10mg without prescription cost claritin claritin 10mg uk
chloroquine 250mg pills buy aralen 250mg generic chloroquine 250mg price
dapoxetine 30mg sale buy generic misoprostol for sale cytotec pills
glycomet uk purchase glycomet glycomet 500mg uk
xenical 60mg brand buy orlistat no prescription diltiazem 180mg pills
atorvastatin 10mg us buy atorvastatin without prescription lipitor 20mg for sale
order amlodipine 10mg online purchase amlodipine for sale norvasc order online
zovirax 400mg oral order zyloprim 300mg without prescription order zyloprim 100mg without prescription
cheap zestril lisinopril 5mg oral lisinopril tablet
prilosec 20mg without prescription prilosec 20mg ca purchase prilosec pills
purchase motilium pill sumycin pills tetracycline cost
lopressor online buy lopressor 100mg price how to get lopressor without a prescription
buy flexeril sale order baclofen 25mg ozobax where to buy
buy generic tenormin for sale tenormin pills atenolol 50mg cost
buy toradol no prescription buy generic colchicine online colcrys 0.5mg tablet
depo-medrol buy methylprednisolone 16 mg otc medrol us