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Updated on: Monday, October 04, 2021, 06:29 PM IST

Singapore's Temasek to invest Rs 540 cr in pharma firm Integrace

PTI
Integrace focuses on core orthopedic and gynecology segments, pain management and, pregnancy and women's nutrition / Representative Image |

Integrace focuses on core orthopedic and gynecology segments, pain management and, pregnancy and women's nutrition / Representative Image |

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Singapore's PE funding company Temasek will be investing Rs 540 crore in Integrace, a therapy focused healthcare company. True North, which owns Integrace, has sealed an agreement to invest in the orthopaedic and gynaecology-focused pharma company and will continue to hold a majority stake in the firm, as per a statement.

The homegrown PE fund said it has signed definitive documents to execute the deal, which will see Temasek infusing Rs 540 crore in Integrace and added that it had first invested in the company in October 2018. Integrace is a domestic formulation player ranking among the top 5 players in therapies it operates. It currently manages over 20 brands, and recently acquired two brands in women's health from Zydus Cadila.

“We are fully confident in the company's potential and welcome Temasek as a new partner in Integrace's growth journey,” True North's partner Satish Chander said.

“Our approach has been to have sustainable and differentiated scientific practices, which build bigger brands, potentially no 1 or no 2 in their respective market,” Integrace's chief executive Kedar Rajadnye said. He also added that the investment is an important step to realise future plans and will help the company to do more acquisitions in the near future.

The company brands are market leaders in core orthopaedic and gynaecology segments like bone and joint disorders, pain management and, pregnancy and women's nutrition, and is now poised to rank among the top 60 pharma companies in the country.

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Published on: Monday, October 04, 2021, 06:05 PM IST
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