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Business

India’s Ipca acquires U.S. drug contractor

by Rick Mullin
January 29, 2018 | A version of this story appeared in Volume 96, Issue 5
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The Indian drug services firm Ipca Laboratories has purchased Pisgah Labs, a contract manufacturer of active pharmaceutical ingredients (APIs) in Pisgah Forest, N.C., for $9.7 million. The deal follows Ipca’s 2015 acquisition of Onyx Scientific, a U.K.-based specialist in custom synthesis, solid-state chemistry, and small-scale drug chemical production. Ipca says Pisgah will allow it to manufacture small-volume APIs in the U.S. as well.

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