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Sun Pharma sells two manufacturing plants in US to Frontida BioPharm

Sale part of drug maker's plans to consolidate its manufacturing facilities in US

Aneesh Phadnis  |  Mumbai 

India’s largest drug maker Sun Pharmaceutical Industries on Saturday announced it was selling its two oral solid dosage manufacturing plants in the US to Frontida BioPharm Inc.

The sale is a part of the drug maker’s plans to consolidate its manufacturing facilities in the US. “The impact of this development on Sun Pharma’s consolidated financials and operations is not material,” the company said. The plants are situated in Philadelphia and Illinois states. “Frontida has agreed to continue manufacturing certain products for Sun Pharma at these ...

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First Published: Sat, June 04 2016. 22:12 IST
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