Concord Drugs has received approval to acquire upto 100% stake in Proton Remedies (PRPL) at a consideration of Rs 283 per share on cash basis. The main objective of acquisition is to gain access of existing marketing network of PRPL to sell the products of Concord Drugs. The board of directors at its meeting held on September 07, 2022 has approved the same.
Concord Drugs is engaged in developing new products Viz MUPS (Multiple Unit Pellet System), Sustained Release, Modified Release pellets with Innovative Drug Delivery Technologies by utilizing best and latest processing machinery.