Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Google
Web www.equitybulls.com
IPO News

| More

IPO-Bound Veeda Clinical Research acquires majority stake in Bioneeds preclinical

Posted On: 2021-07-17 03:50:29 (Time Zone: UTC)


Veeda Clinical Research Limited ("Veeda"), a full-service clinical research organisation (CRO) in India, has acquired a controlling 50.1% stake in Bioneeds India Private Limited ("Bioneeds"), after acquiring a significant minority stake earlier in March.

Earlier in June this year, Veeda had also received an equity investment of USD 16mn led by private equity fund, Sabre Partners and distinguished HNIs like Pranabh Mody (of JB Chemicals), Havells family office, Nikhil Vora (founder of Sixth Sense Ventures), Arjun Bhartia (of Jubilant), amongst others.

Growing R&D budgets of global pharmaceutical companies is the opportunity that Veeda and Bioneeds expect to capitalise on. As per the "Clinical Research Organization (CRO) Market Report" dated May 2021 prepared and released by Frost & Sullivan (India) Private Limited, India is becoming an attractive destination for clinical and preclinical research outsourcing supported by quality scientific capability, emergence of the biosimilars industry, increased demand for complex generics and availability of a large number of patient volunteers.

Ajay Tandon, Managing Director, Veeda said, "We believe we have made progress over the last three months in leveraging capabilities across Veeda, Ingenuity and Bioneeds for integrated solutions to our clients. We are working towards further aligning our capabilities, systems, processes and people to capitalise the full potential of our combination."

Dr. Vinaya Babu, Founder and Managing Director of Bioneeds said "We believe that what we are seeing represents significant traction in our preclinical, biopharma and drug development services, where we continue to invest in to enhance capabilities. we are very excited by the prospects ahead."


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com


Other Headlines:

Devyani International Limited Issue subscribed 2.69 times, Retail portion booked 11.36 times on day 1

Exxaro Tiles Limited Issue subscribed 4.67 times, Retail portion booked 9.29 times on day 1

Nuvoco Vistas's Rs. 5,000 crores IPO to open on August 09, 2021

FSN E-Commerce Ventures Private Limited (Nykaa) Files DRHP with SEBI for IPO

Profitable Multi-Channel Auto Platform CarTrade Tech Limited's IPO to open on August 09, 2021

Krsnaa Diagnostics Limited IPO to open on August 4, 2021

Fino Payments Bank becomes the first profitable fintech to file for an IPO

Devyani International Limited's IPO to open on August 04, 2021

Vitrified Tiles Major, Exxaro Tiles Limited's IPO to open on August 04, 2021

Windlas Biotech Limited Initial Public Offer to open on Wednesday, August 04, 2021

ESAF Small Finance Bank files for Rs 998 cr IPO

CarTrade Tech Limited gets SEBI approval to float Rs. 2000 crore IPO

Retail focused HFC, Aptus Value Housing gets SEBI approval for IPO

Glenmark Life Sciences IPO - Top Things to Know

Anand Rathi Wealth Ltd files for Rs 1000 cr IPO

Glenmark Life Sciences Limited IPO to open on July 27, 2021

QSR Player Devyani International gets SEBI approval for IPO

Nuvoco Vistas Corporation Limited gets SEBI approval to float Rs. 5000 crore IPO

Northern Arc Capital Limited plans for IPO files DRHP with SEBI

India's Leading Digital Ecosystem, Paytm files for Rs. 16,600 Crore IPO

Chemspec Chemicals Limited plans for IPO files DRHP with SEBI

Tatva Chintan Pharma Chem Initial Public Offer to open on July 16, 2021

G R Infraprojects Limited IPO oversubscribed by over 100 times

G R Infraprojects Limited Issue subscribed 5.90 times, Retail portion booked 7.49 times on day 2

Zomato Limited IPO to open on July 14, 2021

G R Infraprojects Limited raises Rs. 283.33 crores from 22 Anchor Investors

Clean Science & Technology Ltd. - IPO - Healthy Growth Prospects with Reasonable Valuations - Reliance Securities

Top 10 Things To Know - Clean Science and Technology Limited

IPO Review - GR Infraprojects Ltd - ICICI Direct

Clean Science and Technology Limited Initial Public Offer to open on 07th July 2021

G R Infraprojects Limited's IPO to open on Wednesday, July 07, 2021

India Pesticides Limited IPO final day: Issue subscribed 29.04 times

India Pesticides Limited Issue subscribed 1.29 times, Retail portion booked 2.51 times on day 1

India Pesticides Limited raises 240 Cr from 12 Anchor Investors

GR Infraprojects Limited gets SEBI approval to float IPO

India Pesticides Limited IPO to open on Wednesday, June 23, 2021 and close on Friday, June 25, 2021

Sona Comstar IPO subscribed 2.33 times, QIB portion booked 3.54 times

Shyam Metalics IPO subscribed 121.42 times, NII portion booked 339.98 times

Dodla Dairy Limited raises Rs. 156.05 crore from 18 anchor investors

Top 10 Things To Know about Krishna Institute of Medical Sciences Ltd

Top 10 Things To Know about Dodla Dairy IPO

Sona Comstar Retail book fully subscribed on Day 2

Shyam Metalics subscribed 3.63 times, Retail portion booked 5.80 times on Day 2

Shyam Metalics subscribed 1.22 times, Retail portion booked 2.19 times on Day 1

Paras Defence And Space Technologies Limited gets SEBI approval to float IPO

Sona Comstar subscribed 11%, Retail portion booked 52% on Day 1

Sona Comstar raises INR 2,498 Crores, 45% of the total IPO size, in India's 3rd largest ever IPO anchor book

Shyam Metalics raises Rs. 270 Cr from 21 Anchor Investors

Dodla Dairy Limited IPO to hit markets on June 16, 2021

Krishna Institute of Medical Sciences Limited's IPO opens for subscription on Wednesday, June 16, 2021


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

disclaimer copyright © 2005 - 2020