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India’s Big Eight Make Digital Leap With Two Acquisitions

Deals For AIOCD AWACS, Pharmarack

 
• By Vibha Ravi

In an unprecedented move, eight of India’s top pharma companies, including Sun Pharma, Cipla, Torrent and Lupin, have set up a common vehicle for digitization initiatives. Having acquired local market research firm AIOCD AWACS and B2B platform Pharmarack, could the mandate extend to other services?

Two polygonal glowing hands, handshake, technology, business, trust concept
A Powerful Consortium Formed By India's Top Companies Aims For Digitization • Source: Shutterstock

In a landmark move, eight of the top Indian pharmaceutical companies have jointly set up a vehicle to drive digitization initiatives in the healthcare system. Two acquisitions were announced in as many days by their joint venture ABCD Technologies LLP, soon to be renamed IndoHealth Services LLP, but experts believe much more action is to follow.

The partners - Sun Pharmaceutical Industries Ltd., Cipla Limited, Torrent Pharmaceuticals Ltd., Lupin Limited, Dr....

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More from Focus On Asia

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