Amneal Acquires India’s Puniska To Double Injectables Business

As Company Looks To Enter US Biosimilars Market In 2022

08 Nov 2021

• By Akriti Seth

Amneal has acquired India’s Puniska Pharmaceticals in a deal worth $93m, with an aim to “more than double” its injectables business by 2025. Meanwhile, in the third quarter the company has reported growth in its generics and specialty segments, with Amneal looking to enter the biosimilars market next year.

Business Graph — Amneal reports growth in its generics and specialty segment • Source: Alamy

Amneal has announced the $93m acquisition of India’s Puniska Healthcare to boost its injectables business. “This acquisition is a pivotal step that meaningfully enhances our injectables capabilities for the US market and enables international expansion as we look to become a leading player in the global injectables market,” said Chirag Patel and Chintu Patel, co-CEOs of Amneal.

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