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JB Chemicals & Pharmaceuticals acquires Razel franchise from Glenmark

22 Dec 2022 Evaluate

JB Chemicals & Pharmaceuticals has completed acquisition of ‘Razel’ franchise from Glenmark Pharmaceuticals. Earlier, the company had entered into an agreement with Glenmark Pharmaceuticals to acquire the Razel (Rousvastatin) franchise for the India and Nepal region.

The company sees growth potential from the acquired portfolio as it is synergistic with its cardiac segment and will help it leverage its Go to Market Model. Further the products provide good operating leverage and are margin accretive, given its attractive margin profile. The cost of acquisition is Rs 313.7 crore (excluding working capital and taxes).

JB Chemicals & Pharmaceuticals is engaged in manufacturing of pharmaceutical specialties in various dosage forms, herbal remedies, diagnostics, generic drugs, active pharmaceutical ingredients (APIs).

JB Chem & Pharma Share Price

1967.40 -10.60 (-0.54%)
16-Apr-2026 12:32 View Price Chart
Peers
Company Name CMP
Sun Pharma Inds. 1672.20
Dr. Reddys Lab 1221.60
Cipla 1232.10
Zydus Lifesciences 935.00
Lupin 2300.35
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