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Dishman Pharma jumps on its arm acquiring Creapharm Parenterals

17 Jan 2012 Evaluate

Dishman Pharmaceuticals and Chemicals is currently trading at Rs. 49.00, up by 1.50 points or 3.16% from its previous closing of Rs. 47.50 on the BSE.

The scrip opened at Rs. 48.50 and has touched a high and low of Rs. 49.65 and Rs. 48.45 respectively. So far 5,602 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 144.00 on 19-Jan-2011 and a 52 week low of Rs. 32.50 on 23-Dec-2011.

Last one week high and low of the scrip stood at Rs. 51.35 and Rs. 44.55 respectively. The current market cap of the company is Rs. 395.00 crore.

The promoters holding in the company stood at 61.36% while Institutions and Non-Institutions held 10.64% and 28.00% respectively.

Dishman Pharmaceuticals and Chemicals - wholly owned subsidiary company - Carbogen Amcis AG., Switzerland has acquired Creapharm Parenterals, a subsidiary of France based Greapharm Group.

Creapharm Parenterals is a contract development and manufacturing organization specializing in liquid, semi-solid and injectable aseptic dosage forms. As part of this acquisition, Creapharm Parenterals has changed its name to ‘CARBOGEN AMCIS SAS’.

The acquisition will extend ‘CARBOGEN AMCIS' comprehensive range of development and manufacturing services by adding complementary formulation, lyophilization services and sterile GMP capabilities for the fast supply of drug products, including highly potents, for preclinical studies and clinical trials (Phase I, II & III).

Dishman Pharmaceuticals and Chemicals is engaged in manufacturing of Bulk API, Intermediates, Specialties and Quats. The company has started production of a range of phase transfer catalysts and quaternary ammonium and phosphonium compounds in 1989. 

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