Roquette Acquires Indian Excipient Manufacturer
The move follows Roquette’s purchase of a majority stake in Crest Cellulose from Indian pharma packaging company Pravesha Industries in December 2018. A privately owned company based in Mumbai, Crest Cellulose has locations in Hyderabad and Nellore, manufacturing a wide range of “superior” excipients.
“The team at Crest Cellulose share our conviction that quality is king, always striving to optimize processes and redefine what’s possible in drug delivery. As a global leader in health and nutrition, we’re excited to harness our newly expanded capabilities to support our network of customers and partners in India, Asia and the rest of the world,” said Paul Smaltz, vice president at Roquette Pharma Solutions.
According to Roquette, India’s pharma industry is poised for a period of seismic growth and production of generics in the Asia-Pacific region is also expanding.
Author: Elaine Burridge, Freelance Journalist