Lupin Limited announced that its UK arm, Lupin Healthcare (UK) Ltd, has acquired a 100% stake in Renascience Pharma Limited. The deal is valued at £12.3 million, which is approximately ₹135 crore. Following the transaction, Renascience will operate as a wholly-owned subsidiary of Lupin Healthcare (UK).
As of 10:54 am on April 3, Lupin shares price was trading at ₹2083.60, a 3.68% up for the day, despite being down 7.84% over the past six months and up 25.35% over the past year.
Renascience Pharma is a UK-based pharmaceutical company with a portfolio of 4 specialty products. These include:
These products are currently available in the UK market and are positioned in therapeutic areas that address specific treatment needs.
Lupin has an established presence in the UK through its branded business, offering medicines across various therapeutic segments. The acquisition of Renascience is expected to integrate these new products into its UK portfolio.
According to a statement issued by Lupin, the acquisition is intended to support the company’s branded product offerings in the UK. Renascience will now trade under Lupin Healthcare (UK) Ltd.
Eric Che, Co-founder and Director of Renascience, noted that the deal enables the company to continue its existing operations and reach a wider patient base under new ownership.
Lupin Healthcare (UK) Ltd’s acquisition of Renascience Pharma provides it with complete ownership of a set of UK-based pharmaceutical products. These additions will now be managed under Lupin’s existing operations in the region. The deal is valued at £12.3 million and is another expansion of Lupin’s international business.
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Published on: Apr 3, 2025, 5:19 PM IST
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