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05 Sep 2018, Gergana Bencheva, EMIS Editor

Italian Olon to buy manufacturing facility in India

Italian active pharmaceutical ingredients (API) group Olon S.p.A. is set to acquire a manufacturing facility in Mahad, western India, aiming to make further investments to develop the site and expand its customer base, Indian pharma portal Pharmabiz.com reported. The deal’s amount was not disclosed.

The move is in line with the continuing expansion of Olon’s global footprint. The acquisition will allow the group to boost its growth, add new projects and develop new generic products for the Indian market, its CEO, Paolo Tubertini, said.

The Mahad site is a reputable API manufacturing facility in India, which provides a number of lifesaving medicines to the local healthcare system as well as to patients around the world. The acquisition is due to be completed in early 2019, Pharmabiz.com added.

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