Pharma Dynamics, the South African subsidiary of pharmaceutical company Lupin Ltd., has acquired nine brands through a partnership agreement with ImpiloVes.
Pharmaceutical company Lupine on Friday announced that its South African subsidiary Pharma Dynamics has acquired nine brands and associated trademarks from South Africa’s Medical and Nutritional Institute SA (MNI) through a partnership agreement with South Africa’s Inpilovest. did. investment company. The company did not disclose the transaction amount.
Acquired brands include AntaGolin, RyChol, NeuroVance, SkinVance, FlamLeve, Rheumalin, SleepVance, ImmunoVance and OviVance. The products address a variety of health issues, including metabolic syndrome, insulin resistance, cognitive function, skin health, inflammation, joint care, sleep quality, immune support, and female hormonal health.
MNI develops and provides phytochemical (plant-based) products and healthcare solutions to treat metabolic syndrome. “This acquisition will give Lupine access to MNI’s broad portfolio of nine brands sold as branded products in the South African retail sector,” the company said.
Thierry Volle, President of EMEA at Lupine, said: “This acquisition is a major step for Lupine in expanding our footprint in the complementary and alternative medicine space. MNI’s innovative plant-based products will provide South African patients with holistic and sustainable healthcare solutions. This is completely in line with our goals.”
Published – October 4, 2024 10:03 PM IST
