Vivimed Labs has announced the transfer and sale of identified products along with their associated trademarks by its wholly owned subsidiary Company, Klar Sehen. As part of this transaction, Klar Sehen will divert certain products within its portfolio to Ordain Healthcare Global, a subsidiary of Spain based Chemo Espana S.A. The total consideration for the identified product lines is Rs 73 crore.
Further, as part of the transaction, Klar Sehen will provide contract manufacturing services for the diversified products for the buyer for an agreed period of time from its two plants located at Hyderabad and Kolkata.
Vivimed Labs is engaged in providing specialty chemicals and pharmaceuticals products. The company offers products for oral care, sun care, skin care, hair care, reversacol photochromic dyes, imaging chemicals and nisarg.
