Issue Date: March 14, 2011
Cadila, Holtzman Invest In Rwanda
Cadila Pharmaceuticals of Ahmedabad, India, and U.S.-based Holtzman Group have formed a pharmaceutical manufacturing joint venture called CSM GlobalPharma. The venture, in partnership with investment fund Crystal Ventures, Rwanda’s Social Security Fund, and the drug purchasing nonprofit Camerwa, will invest more than $65 million to build a drug manufacturing facility in Kigali, Rwanda. The project will progress in four phases: production of solids, tablets, and capsules; manufacture of liquids, gels, ointments, creams, and syrups; preparation of biologicals, injectables, and vaccines; and synthesis of active pharmaceutical ingredients. Manufacturing is expected to start up in 2013.
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