Eurofins Scientific to acquire Tata's Advinus Therapeutics
)
08:37 AM IST
Tata Industries on Thursday said that laboratory testing major Eurofins Scientific will acquire its preclinical contract research company Advinus Therapeutics.
"Tata Sons, Tata Industries and Rallis India announced today that they, along with individual shareholders of Advinus Therapeutics (Advinus), have signed a definitive agreement with Eurofins Scientific (Eurofins) for Eurofins to acquire Advinus," the company said in a statement.
"The transaction is expected to close in the next several weeks, subject to the fulfilment of customary closing conditions. Advinus` expertise complements Eurofins contract research, development and manufacturing (CDMO) capabilities."
According to the statement, Advinus is a leading preclinical contract research company.
"With over 10 years of GLP compliance and certification, Advinus serves diverse industries such as Biotech, Pharmaceuticals, Biologics, Agrochemicals, Nutraceuticals and Cosmetics," the statement said.
"Advinus has submitted over 50 end-to-end investigational new drug applications (INDs) to global regulators such as the US Food and Drug Administration (FDA), the European Medicines Agency (EMA), the Medicines and Healthcare products Regulatory Agency in the UK (MHRA) and Health Canada among others."
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
)
Rs 13 Lakh Lump Sum Investment in Mutual Funds: How many years will it take to create a Rs 1 crore, Rs 2 crore & Rs 3 crore corpus?
)
Best Multi Cap and Flexi Cap Mutual Funds with Highest SIP Returns in 3 years: Rs 25,000 monthly investment in No. 1 fund has grown to Rs 13.5 lakh in just 3 years
)
9 Stocks To Buy For Short Term: Analysts suggest buying largecap, midcap, smallcap scrips for 2 weeks; Godrej Consumer on the list
)
Pay 0 Income Tax on Rs 15.25 lakh Income: Why your Rs 15,25,000 salaried income can be tax-free in new tax regime
)
SBI vs Canara Bank 10-year FD For Senior Citizens: Compare maturity of Rs 3.5 lakh- Rs 6.5 lakh deposits in both PSU banks
)
Top 5 ETFs With Highest Annualised Returns in 5 Years: Rs 100,000 invested in No. 1 exchange-traded fund is worth Rs 5,22,257 now
)
Power of Rs 1,50,000 PPF Investment: How many years will it take to generate over Rs 1 lakh/month tax-free income from Public Provident Fund?
08:37 AM IST