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Laurus Labs acquires 72.55% stake in Richcore Lifesciences

21 Jan 2021 Evaluate

Laurus Labs has completed acquisition of 72.55% stake in Richcore Lifesciences. With this transaction Richcore Lifesciences has become a subsidiary company of Laurus Labs.

Earlier, the company had signed definitive agreements to acquire a majority stake in Richcore Lifesciences (Richcore). Richcore, a fast-growing biotech company based in Bengaluru with its advanced R&D and manufacturing facilities, develops and manufactures biotech products critical for manufacturing biological drugs.

Laurus Labs is a leading research and development driven pharmaceutical company in India. The company has grown consistently to become one of the leading manufacturers of APIs for anti-retroviral (ARV) and Hepatitis C. It also manufactures APIs in oncology and other therapeutic areas.

Laurus Labs Share Price

1121.70 -7.95 (-0.70%)
21-Apr-2026 13:27 View Price Chart
Peers
Company Name CMP
Sun Pharma Inds. 1674.00
Dr. Reddys Lab 1221.00
Cipla 1230.55
Zydus Lifesciences 930.45
Lupin 2323.00
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