Neuland Laboratories has received its shareholders’ approval to transfer by way of sale or long term lease or license of all or a part of contract research services and peptides research business of the company to Neuland Pharma Research.
The company has also entered into long term lease of certain identified movable assets to Neuland Pharma Research.
Neuland Laboratories is engaged in manufacturing of Salbutamol Sulphate. The company has has two world-class API manufacturing facilities close to the city of Hyderabad, capable in handling complex and hazardous reactions.