Announced Thu, 23 Jul · 21:30 IST
Aurobindo Pharma acquires 80 percent stake in A1 Biochem Labs for USD 17 million
AUROPHARMA · price
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Price reaction · full curve 14 horizons · vs prior close
+1.7%1-day move
₹1525.80
prior close
₹1512.00
base price
After-mkt
timing
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AI summary
Aurobindo Pharma subsidiary Apitoria Pharma will acquire 80 percent stake in A1 Biochem Labs (India) and A1 Biochem Labs LLC, USA at USD 17 million enterprise value, with USD 13.6 million for the 80 percent. A1 Biochem is a CRO with FY26 turnover of INR 1,024 million and EBITDA of INR 465 million. Expected to close in 90 to 120 days, creating an integrated CRDMO platform to complement Apitoria's API manufacturing. All cash, not a related party deal.
Likely market impact
Strengthens API lifecycle with CRDMO capability. Modest size at USD 17 million; adds a profitable, EBITDA-positive CRO to the group.