Tata Capital Invests USD 20 Million in Orbicular Pharmaceutical
By Rediff Money Desk, Mumbai May 31, 2024 22:04
Tata Capital Healthcare Fund II invests USD 20 million in Orbicular Pharmaceutical Technologies, a Hyderabad-based company, to accelerate product development in the specialty generics space.
Mumbai, May 31 (PTI) Tata Capital on Friday said one of its arms has invested USD 20 million in Orbicular Pharmaceutical Technologies for an undisclosed stake.
Tata Capital Healthcare Fund II has made the investment in the Hyderabad-based specialty pharmaceutical company and the proceeds will be utilised for accelerating product development, as per a statement.
The statement said the USD 60 billion specialty generics industry is expanding rapidly driven by increasing demand for cost-effective alternatives to complex and high-cost branded medications, and Orbicular has a pipeline of niche products in the specialty generics space catering to the demand.
"This investment reinforces our fund's core philosophy of identifying the big shifts in the industry and being a "capital plus" partner to our companies," the fund's Managing Partner Visalakshi Chandramouli said.
"Having positioned Orbicular as a differentiated specialty pharmaceutical company in the complex generics space, the investment will further strengthen our global partnerships," the company's Managing Director M S Mohan said.
Tata Capital Healthcare Fund II has made the investment in the Hyderabad-based specialty pharmaceutical company and the proceeds will be utilised for accelerating product development, as per a statement.
The statement said the USD 60 billion specialty generics industry is expanding rapidly driven by increasing demand for cost-effective alternatives to complex and high-cost branded medications, and Orbicular has a pipeline of niche products in the specialty generics space catering to the demand.
"This investment reinforces our fund's core philosophy of identifying the big shifts in the industry and being a "capital plus" partner to our companies," the fund's Managing Partner Visalakshi Chandramouli said.
"Having positioned Orbicular as a differentiated specialty pharmaceutical company in the complex generics space, the investment will further strengthen our global partnerships," the company's Managing Director M S Mohan said.
Source: PTI
Read More On:
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Srestha Finvest
- 0.66 (+ 4.76)
- 32896927
- Vodafone Idea L
- 8.45 (+ 4.06)
- 28557277
- Standard Capital
- 1.14 (+ 0.88)
- 17361276
- Alstone Textiles
- 0.83 (+ 5.06)
- 14796552
- AvanceTechnologies
- 0.89 (+ 4.71)
- 10049569
MORE NEWS
Hero MotoCorp Sales Surge 18% in October
Hero MotoCorp's sales rose by 18% in October, reaching 6.8 lakh units. Strong demand...
Gold, Silver Jewelry Export Norms Revised:...
The Indian government has revised norms for gold, silver, and platinum jewelry exports,...
Sensex, Nifty Rise in Muhurat Session: Samvat...
Indian benchmark indices Sensex and Nifty surged in the Muhurat trading session on...