CCI approves the acquisition of Bharat Serums and Vaccines Limited by Mankind Pharma Ltd. Pixabay
MedBound Blog

Acquisition of Bharat Serums and Vaccines Limited by Mankind Pharma Ltd. Gets Approval From CCI

Competition Commission of India (CCI) has approved the acquisition of Bharat Serums and Vaccines Limited by Mankind Pharma Ltd.

Dr. Shreya Dave, MBBS

On October 2, 2024 Competition Commission of India has approved the acquisition of Bharat Serums and Vaccines Limited by Mankind Pharma Ltd. The proposed transaction involves the acquisition of 100% shareholding of Bharat Serums and Vaccines Limited (BSV) by Mankind Pharma Ltd.

Mankind is a public listed company and is engaged in developing, manufacturing, and marketing a diverse range of pharmaceutical finished dosage formulations (FDFs) across various acute and chronic therapeutic areas, as well as several consumer healthcare products such as condoms, emergency contraceptives, pregnancy tests, vitamins, minerals, nutrients, antacids and anti-acne preparations segments. Through its subsidiaries, Mankind is also engaged in, inter alia, the manufacture and sale of active pharmaceutical ingredients (APIs), pharmaceutical intermediaries, and packaging products for pharmaceutical products.

BSV, along with its subsidiaries, is engaged in research, development, licensing, manufacturing, importing, exporting, marketing and distribution of:

(a) FDFs and APIs; (b) biotech and biological formulations and/or API; (c) food and health supplements; (d) medical devices; and (e) ayurvedic medicines

In each case, in the therapeutic areas such as gynecology, in-vitro fertilization, critical care and/or emergency medicines for human use. In India, the activities of BSV (including its wholly owned Indian subsidiary, BSV Pharma Private Limited, which is in the process of merging with BSV) are limited to developing, manufacturing, and marketing a range of biological, biotech, and pharmaceutical products in the therapeutic areas of women’s health, critical care, IUI-IVF, and emergency medicine. Detailed order of the Commission will follow.

(Input from various sources)

(Rehash/Dr. Shreya Dave/MSM

Prenatal Alcohol Exposure Worsens Recovery from Stroke in Midlife

Reduced Reward Brain Region Size May Predict Weight Gain in Youth Facing High Financial Hardship

Neuroscientist Explores Early Alzheimer’s Progression: Internal Clock Affects Learning and Memory

European Green Light for Biocon's Bone-Saving Cancer Drugs and Osteoporosis Treatment

Doctors Chanting Before Surgery Sparks Debate on Faith in Hospitals