Piramal Pharma Solutions invests USD 10 mn to expand its API capability in US

Image
Press Trust of India New Delhi
Last Updated : Jun 20 2019 | 7:45 PM IST

Piramal Pharma Solutions Thursday said it has invested USD 10 million (around Rs 69 crore) to expand its high-potency active pharmaceutical ingredients (HPAPIs) capability in its Riverview facility in the US.

The new wing at the Riverview site is dedicated to the production of HPAPIs with low occupational exposure levels (OELs), Piramal Pharma Solutions said in a statement.

Piramal Pharma Solutions Chief Executive Officer Vivek Sharma said: "We are one of only a few companies in the contract development and manufacturing market that have the capability to produce HPAPIs at such low OELs."

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jun 20 2019 | 7:45 PM IST

Next Story