Merger & Acquisition

Bharat Biotech Acquires Chiron Behring Vaccines from GlaxoSmithKline Asia

0
Bharat Biotech Acquires Chiron Behring Vaccines from GlaxoSmithKline Asia

Hyderabad headquartered Bharat Biotech announces the forthcoming acquisition of Chiron Behring Vaccines Pvt Ltd, located in Ankleshwar, Gujarat from GlaxoSmithKline Asia.

Bharat Biotech will acquire 100% equity stake in Chiron Behring Vaccines in an all cash transaction, subject to a number of closing conditions which Bharat Biotech and GSK intend to complete in the coming weeks.

Chiron Behring Vaccines was formed as a result of the purchase of the vaccines business of Hoechst AG by Chiron Corporation USA. It is one of the largest manufacturers of high quality rabies vaccines in the world. Chiron Behring Vaccines is a WHO Pre-qualified manufacturer of rabies vaccines, eligible for supplies to UN agencies and has product registrations in more than 20 countries. The rabies vaccinemanufactured at Ankleshwar is a result of decades of research & product development.. 

Bharat Biotech has a wide portfolio of vaccines, with market access to more than 70 countries. The addition of this rabies vaccine will establish Bharat Biotech as a global leader in rabies vaccines manufacturing. Bharat Biotech plans to enhance upon the manufacturing capabilities at Chiron Behring Vaccines and expand market access through product registrations in additional high demand countries.

Announcing the deal, Dr. Krishna Ella, Chairman and Managing Director of Bharat Biotech, said –

“This acquisition is strategic in helping us enhance our opportunities to achieve greater scale in tackling public health problems. Bharat Biotech will strengthen its product portfolio and substantially increase product availability in response to the growing demand for this vaccine.  With the significant disease burden of rabies in India and other countries, I appreciate GSK’s vision in this transition to Bharat Biotech, to continue to meet the needs of the patients.”

According to WHO report, rabies is a vaccine-preventable disease claiming the lives of over 55,000 people each year, mostly in Asia & Africa. India accounts for 36% of the world’s rabies deaths.

Founded in 1996, by Indian scientist, Krishna Ella. Bharat Biotech has a pharmaceutical manufacturing plant in the Asia-Pacific region, parts of which are leased out to other pharmaceutical companies. In 2018, Bharat Biotech’s diarrhea vaccine, Rotovac, received pre-qualification from the WHO. Later, the company received the National Technology Award for the vaccine.

Like this content? Sign up for our daily newsletter to get latest updates.

Vardaan
Founding editor at IndianWeb2, he's been writing at IndianWeb2 since 2007. Apart from blogging he had a professional career of software developer, Ux developer and search engine marketer in past. His vision of IndianWeb2 has been laid down so as to showcase, encourage and propagate Indian startups, innovation and entrepreneurship ideas.

With $19.6 Bn, India among Top Countries in IoT Spending Globally

Previous article

Mitsubishi Electric to organize ‘4th Mitsubishi Electric Cup’ to promote Skill Development of Students in India

Next article

Comments

Comments

This site uses Akismet to reduce spam. Learn how your comment data is processed.