Singapore Private Equity Backs Concord's Take Off Plans
Niche therapy players, backed by strong technology platforms, continue to attract rich valuations in India, the latest being the Singapore-based private equity firm Quadria Capital's investment in Concord Biotech Ltd, an Indian manufacturer of fermentation based biopharmaceutical APIs [active pharmaceutical ingredients].
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Plus deals involving Y-Biologics/Pierre Fabre, Contera/Abzu, Chugai/Alebund, Catalyst/DyDo, Spergogenix/Abbiska, Nippon Gene/ERS Genomics, Simcere/Vivoryon, Dr. Reddy’s/Journey Medical and Innovent/Synaffix.
Niche active pharmaceutical ingredient (API) players in India continue to attract private equity interest - the latest deal involving Warburg Pincus' acquisition of a minority stake in Laurus Labs for about INR5.50bn ($92m).
Evotec's CEO and Takeda’s president of R&D provide insights around how India could shape its efforts to accelerate biopharma innovation. Backing the right technologies, fostering a culture to "stop losses" early on for projects that don't work and learning from China’s overhaul of its healthcare system were among the key takeaways.