Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Stock Report

| More

Vivimed announces acquisition of SONEAS by Group's API business, UQUIFA

Posted On: 2018-05-16 13:12:38

Vivimed Labs Spain S.L, the parent of UQUIFA S.A, has signed definitive agreements to facilitate the acquisition of SONEAS, a Budapest (Hungary) head quartered CDMO company, focussed on the Inriovator Pharmaceutical and Fine Chemical sectors. The business has been acquired from Lochlomond and Euroventures which are both based out of Hungary. SONEAS has for the year 2017, reported revenues of 12.2mn.

The acquisition broadens UQUIFA's market offering in the CDMO space by enhancing its ability to now undertake preclinical, phase I, II and III NCE project development. These projects can then also potentially feed into UQUIFA's existing cGMP inspected and approved manufacturing facilities in Spain and Mexico, creating a high-value project pipeline.

In terms of technology, SONEAS brings a high level of competency in NCE development as well as new technologies such as metal catalysis and heterocyclic chemistry to the UQU IFA technology tool box. From a manufacturing perspective, SONEAS brings both cGMP pilot plant and over 180KL of key starting material (KSM) cGMP capacities to the UQUIFA portfolio. It also counts within its pipeline three customer projects which are in Phase 2a/2b and one in Phase 3 of the NCE development lifecycle.

UQUIFA believes the acquisition of SONEAS will allow it to expand faster into the CDMO sector (40% of UQUIFA sales) where it already hasan important presence in the geographies of USA, Europe and Japan. To build on the cost-effective development capabilities with aggressive timelines and, to deliver effective results for the combined customer base, will be a key objective for UQUIFA, according to Mr Saurabh Gurnurkar, the Executive Director.

Shares of VIVIMED LABS LTD. was last trading in BSE at Rs.66 as compared to the previous close of Rs. 66.25. The total number of shares traded during the day was 76280 in over 536 trades.

The stock hit an intraday high of Rs. 68.05 and intraday low of 65.8. The net turnover during the day was Rs. 5150285.

Source: Equity Bulls

Click here to send ur comments or to

Other Headlines:

Gulshan Polyols Ltd Q4 net profit slides to Rs. 7.80 crores

TAAL Enterprises Ltd Q4 PAT soars to Rs. 2.27 crores

Bata undergoes collection and image makeover

Gibraltar BSN Life Berhad Selects Majesco Distribution Management and Majesco Digital Solutions

Red Hat Helps Power Tata Communications' IZO™ Private Cloud with Openshift and OpenStack

Music Broadcast Ltd Q4 net profit surges to Rs. 16.26 crores

Odyssey Technologies Ltd Q4 PAT up at Rs. 1.09 crore

Hercules Hoists Ltd FY18 net profit higher at Rs. 9.78 crores

HealthCare Global Enterprises Ltd Q4 consolidated net drops to Rs. 2.41 crores

Igarashi Motors India Ltd Q4 PAT slips to Rs. 16.53 crores

Poona Dal & Oil Industries Ltd Q4, FY18 PAT slumps

Bata India Ltd Q4 net profit soars to Rs. 52.08 crores

Triveni Turbine Ltd Q4 net profit increases to Rs. 35.38 crores

Orient Abrasives Ltd Q4 PAT climbs to Rs. 6.47 crores

Rasoi Ltd Q4 net profit falls to Rs. 0.21 crore

TPL Plastech Ltd Q4 PAT up at Rs. 4 crores

Andhra Bank Q4 loss widens to Rs. 2535.82 crores

HPCL FY18 net profit marginally higher at Rs. 6357.07 crores

SMC Credits Ltd Q4 net profit slides to Rs. 0.19 crore

Marathon Nextgen Realty Ltd FY18 PAT slumps to Rs. 27.99 crores

Ratnamani Metals & Tubes Ltd Q4 net profit rises to Rs. 56.21 crores

Capital Trust Ltd posts consolidated loss of Rs. 1.17 crore in Q4

Tainwala Chemicals & Plastics India Ltd FY 18 PAT slips to Rs. 6.36 crores

L&T Technology Services Ltd Q4 PAT surges to Rs. 159.1 crores

Vardhman Holdings Ltd Q4 PAT slumps to Rs. 5.99 crores

Sonata Software Ltd Q4 PAT jumps to Rs. 54.28 crores

Minda Industries Ltd Board recommends 2:1 Bonus Issue

ABC Bearings Ltd calls for board meeting on May 29, 2018

HP Cotton Textile Mills Ltd Board to consider Dividend on May 30, 2018

Borosil Glass Works Ltd Board to consider Dividend on May 30, 2018

L&T Technology Services Ltd Board recommends Final Dividend of Rs. 12

Sonata Software Ltd Board recommends Final Dividend of Rs. 6.75 for 2017-18

Minda Industries Ltd board recommends final dividend of Rs. 1.60

KIFS Financial Services Ltd FY18 net profit drops to Rs. 3 crores

TV Today Network Ltd FY18 consolidated net profit up at Rs. 118.93 crores

CIPLA Ltd Q4 consolidated PAT at Rs. 153.19 crores

Minda Industries Ltd Q4 PAT zooms to Rs. 134.85 crores

Sumitomo Corporation buys 49% stake in Mukand's special steel subsidiary

Marksans Pharma Ltd board to consider FY18 results on May 30, 2018

Roto Pumps Ltd Board to consider Dividend on May 30, 2018

Lincoln Pharmaceuticals Ltd board to consider Q4, FY18 results on May 30, 2018

Rishabh Digha Steel & Allied Products Ltd Board recommends Final Dividend of Rs. 2 for 2017-18

KIOCL reports robust financial results in FY 2017-18

IG Petrochemicals Ltd calls for board meeting on May 28, 2018

Ganesh Housing Corporation Ltd board to consider FY18 results, dividend on May 30, 2018

KIFS Financial Services Ltd Board recommends Final Dividend of Rs. 0.90

Lactose India Ltd board to consider Q4, FY18 results on May 29, 2018

Sundaram-Clayton Ltd FY18 consolidated PAT jumps to Rs. 628.78 crores

TVS SRICHAKRA LTD FY18 net profit falls to Rs. 116.14 crores

Indian Oil Corporation Ltd Q4 net profit up at Rs. 5218.10 crores

Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2018