This Article is From May 05, 2014

Shasun Pharma Acquires Global Rights for Ibuprofen from ScolorPharma

Shasun Pharma Acquires Global Rights for Ibuprofen from ScolorPharma
New Delhi:

Shasun Pharmaceuticals today acquired the global rights to develop and commercialise the 12-hour extended release analgesic tablets Ibuprofen from US-based ScolorPharma along with those of pain killer Nuprin trademark for an undisclosed sum.

The acquisition also includes the controlled release technology of Ibuprofen 12-hour extended release OTC, the company said in a statement.

"The acquisition complements Shasun's strategy to expand its range of non-steroidal anti-inflammatory drug (NSAIDS) products through novel, safe and efficacious technologies, including applications across its Ibuprofen franchise," it said.

Commenting on the move, Shasun Pharmaceuticals managing director S Abhaya Kumar said: "The acquisition is the first among a series of strategic initiatives in our quest to continue to enhance our global leadership in the NSAIDS category."

Shashun is among top vertically integrated manufacturers of Ibuprofen and its derivatives, from actives to formulated packaged products for both prescription and over-the-counter markets.

Shares of Shashun Pharmaceuticals were trading at Rs 129.45 per scrip in the afternoon trade, up 1.33 per cent from the previous close on the BSE