Suven Pharma Bags Rs 20-Crore Contract

Suven Pharma has bagged a Rs 20-crore contract from Israeil company Chemagis for supplying the intermediate used in and-depressant drug. The drugs is being manufactured by Chemagis and will be marketed in the US. Suven is also embarking on a Rs 40 crore expansion plans whereby Rs 20 crore has been earmarked for the upgradation of tis existing research and development centre.