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Private Sector | Himachal Pradesh - India | PID: 202090
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Akums Drugs and Pharmaceuticals, a contract manufacturing pharmaceutical company, has acquired a new drug formulation facility in Baddi, Himachal Pradesh
The facility, which will augment the company’s tablet manufacturing business is likely to become operational next year. As the company’s 12th formulation facility and the second in Baddi, this aligns to its goal of enhancing the manufacturing capabilities across geographies, while contributing to the overall health of its communities
The company's focus covers achieving backward integration through API plants
In FY23, the Indian pharmaceutical market witnessed a year-on-year growth of nearly five percent, reaching USD 49.78 billion
| Updated on: 06 - Dec - 2023
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