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Eris Lifesciences to acquire 100% stake in Chemman Labs

02 Aug 2024 Evaluate

Eris Lifesciences has received approval from board of directors to execute Binding Term Sheet with Chemman Labs and selling shareholders of Chemman Labs for the purpose of acquiring 100% stake in Chemman Labs. The objective of acquisition is to create the capability and capacity for fill-finish of biological products including Insulins and its Analogues, GLP-1 agonists, rDNA products and a range of monoclonal antibodies. The said acquisition will be completed by September 30, 2024. 

The Board of Directors of the Company, in their meeting held on August 02, 2024 has approved the same. 

Eris Lifesciences develops, manufactures and commercializes branded pharmaceutical products in select therapeutic areas within the chronic and acute categories of the IPM, such as: cardiovascular; anti-diabetics; vitamins; gastroenterology; and anti-infectives.

Eris Lifesciences Share Price

1446.50 -18.90 (-1.29%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Sun Pharma Inds. 1675.20
Dr. Reddys Lab 1235.40
Cipla 1238.30
Zydus Lifesciences 942.55
Lupin 2324.25
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