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Serum Institute of India Ltd acquires Nanotherapeutics Inc.

Serum Institute of India Ltd, one of the world’s largest vaccine makers, has acquired a defunct unit of Czech Republic-based injectable polio doses maker Nanotherapeutics Inc. for €72 million ($81 million), according to an article published on Deal Street Asia. The acquisition will help the Pune-based company become the largest injectable polio vaccine maker in the world by increasing production capacity four-fold to more than 200 million doses by 2019.

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injectables,Nanotherapeutics Inc,Serum Institute of India Ltd,Serum Institute,mergers and acquisitions,strategic acquisitions,vaccines,healthcare