True to its strategy of focussing on lifestyle segments, the company, which has been clocking a 21.7 per cent CAGR from FY13 to FY17, made its first acquisition after listing — UTH Healthcare.
UTH, a nutraceuticals company, is largely engaged in segments of obesity, diabetes, gestational diabetes mellitus, maternal nutrition and cardio-vascular diseases, the areas Eris is particularly focusing on.
A mail sent to Eris remained unanswered.
An India Infoline analysis of Eris around the time of its initial public offering showed that the company planned entry into lifestyle disorders like neurology, dermatology, osteoarthritis
and musculoskeletal (key motivation behind Kinedex acquisition).
In 2016, Eris acquired 75.48 per cent in Kinedex, for an aggregate consideration of Rs 77.18 crore. Kinedex primarily focuses on products catering to mobility-related disorders in the musculoskeletal therapeutic area, within the acute pain-analgesics therapeutic area.