Ulcerative Colitis

Except from Pfizer, Kemwell's clients include five of the top ten pharma companies in the world, including AstraZeneca and GlaxoSmithKline, and the firm manufactures five of the top ten pharma brands in India.

The Indian company says it succeeded in clinching the deal partly because of its commitment to establish itself in Europe, expressing its confidence that more contracts there will soon follow as a result.

“This transaction builds on Kemwell's extensive experience in contract manufacturing and demonstrates our commitment to strengthen and broaden the pharmaceutical business through strategic global acquisitions,” commented Subhash Bagaria, Kemwell's managing director.

The divested plant, which can manufacture active pharmaceutical ingredients (APIs) as well as finished drugs, was one of four manufacturing units that Pfizer has in Sweden, with the one in Stockholm due to be sold by 2008.

“By selling production but maintaining our rights to the product we have expressed our co...

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