MoneyWorks4Me

Indoco Remedies acquires 85% stake in FPP Holding Company

06 Jun 2023 Evaluate

Indoco Remedies has acquired 85% of equity stake of the US based FPP Holding Company, LLC (FPP Holding) for $4 million from Contract Pharmacal Corp (CPC). FPP Holding is the holding company of Florida Pharmaceutical Products, LLC (FPP) which is based in Florida and engaged in marketing and distribution of generic pharmaceutical products in the USA. The strategic investment by Indoco marks a significant milestone, solidifying its position as a key player in the US market.

Indoco Remedies is engaged in the manufacturing and marketing of formulations (finished dosage forms) and active pharmaceutical ingredients (APIs) in India.


Peers
Company Name CMP
Sun Pharma. Inds. 1756.90
Dr. Reddys Labs. 1195.10
Cipla 1303.30
Lupin 1960.00
Zydus Lifesciences 1115.10
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