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Outsourcing
Wavelength takes stake in Indian drug chemical supplier
by Rick Mullin
February 28, 2021
| A version of this story appeared in
Volume 99, Issue 7
The Israeli drug services firm Wavelength Pharmaceuticals has acquired a majority stake in Vanamali Organics, a maker of drug starting materials based in Telangana, India. In a press release, Wavelength CEO Iftach Seri says the deal is intended to secure access to chemicals in “an increasingly unpredictable world” where supply chain control has become a “key strategic concern.” Wavelength says it produces 250 metric tons per year of active pharmaceutical ingredients, including highly potent and cytotoxic substances.
Chemical & Engineering News
ISSN 0009-2347
Copyright © 2024 American Chemical Society
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