Advent will also be making an open offer to acquire additional 26% of the outstanding equity shares of the company from the public shareholders.
Global pharmaceutical company having a surgical business concept incepted in Dubai
Post the sale, Patel family has become the single largest promoter shareholder in the company
India now has 648 medical colleges in 2022 with a whopping 96% increase in the number of Government Medical Colleges (GMC) alone and a 42% increase in the private sector, since 2014
To focus on providing safer burn treatments for women and armed forces
Diclofenac Sodium Topical Solution, 2% w/w (RLD PENNSAID) had estimated annual sales of US $509 million in the US (IQVIA MAT October 2022)
The approval follows the positive recommendation from the European Medicines Agency’s Committee for Medicinal Products for Human Use (CHMP) in October 2022
The IPO is a complete OFS by existing shareholder Helix Investment Holdings
Phase-III trials were conducted for safety, and immunogenicity in around 3,100 subjects, in 14 trial sites across India (supported by BIRAC)
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