Cipla, is reportedly looking to acquire 25% stake in manufacturing division of Cipla Medpro, South Africa’s third-largest drug maker. According to reports, Cipla will invest in Cipla Medpro Manufacturing (Pty) Ltd (CMM), a subsidiary of Cipla Medpro, which is setting up one of the largest contract manufacturing facilities in Africa at an investment of over Rand 225mn (Rs1.45bn).
Cipla Medpro said Cipla India would help the company provide additional volumes and assistance in achieving World Health Organisation and US Food & Drug Administration manufacturing approvals in the near future, resulting in increased orders and business for its factory, adds report.