Elder Pharmaceuticals
Ltd is one of the fastest growing pharmaceutical companies in India . The
company's principal activities include the manufacturing and marketing of
prescription pharmaceutical brands, surgical and medical devices. They are
engaged in the manufacture of a wide range of pharmaceutical product through
research and development and also in the manufacturing and marketing of diverse
products through licensing agreements with international pharmaceutical
companies. They are also engaged in the manufacturing of active pharmaceutical
ingredients. Elder Pharmaceuticals Ltd was incorporated on April 2, 1983 in Maharashtra . The company started their commercial
activities in the year 1988. In the year 1989, they commissioned their first
factory in Navi Mumbai. The company was converted into a public limited company
in August 1998. Over the years, the company launched the medicines either
through their own research or through alliances with global companies. The
company entered into strategic alliances with a number of international
pharmaceutical entities for marketing their products in India and
overseas international acquisitions have strengthened and enabled the company
to become a true-global pharmaceutical company.
They made the tie up with Haw Par,Singapore
during the year 1994 and Fujisawa
during the year 1998. During the year 2000-01, the company entered into joint
venture agreement with Stiefel Laboratories Inc. Also they made a tie up with
Paul Hartmann of Germany for
marketing their incotinence and wound healing in India . During the year 2002-03, the
company made a tie up with an American company namely, Blistex Inc, for license
manufacturing and distribution of their Lip Care products. The company entered
into technical/ marketing collaborations with Covex and Ferrer of Spain for
their products for Cognitive disorders, Cerebral strokes and Head injuries,
Tanabe Seiyaku and Fujisawa of Japan for their products for Hypertension and
Heart Failure and TRB Chemeica of Switzerland for their product for
Osteoarthritis. During the same year, the company entered into new joint
venture agreement with the Universal Group of Companies, Nepal for setting up a pharmaceutical
formulations plant in Nepal .
In March 2003, they started their operation in their Bulk Drug plant at
Patalganga. During the year 2004-05, the company acquired an international
brand 'Tobraneg' from Ely Lilly and company of USA at a price of Rs 172.50 lakh.
During the year 2005-06, they commissioned one of their new manufacturing units
at Sela Qui in Uttarakhand, which is equipped to manufacture tablets and
capsules. The company introduced 'Somazina', a neuroprotector during the year.
During the year 2006-07, the company introduced Eldervit ZC, Redirinse, Nedge, Bonviva
and Deviron in the market. Also, they entered with the alliances with Roche of
Switzerland for their product 'Bonivini', Daiwa of Japan for their product
'Biobran' & 'NKCP', Enzymotec of Isreal for their product 'Cardiabeat' and
Almirall of Spain for the product 'Cinitapride'. The company commenced
commercial production of manufacturing of topical formulation in their plant at
Paonta Sahib in Himachal Pradesh during the year. They commissioned a
betalactum plant in Nepal
through a joint venture with Universal Pharmaceuticals. The company also
entered into joint venture with Vincom Pharmaceuticals in Ghana for Oral
Liquid dosages. In January 2007, the company established a wholly owned
subsidiary, called Elder International FZCO in the Jebel Ali Free Trade Zone, Dubai . During the year
2007-08, the company got associated with Cymbiotics of California, USA for
marketing six of their patented products for Diabetes, Chrobnic pain, Skin
Care, etc. and Gnosis of Italy for marketing of 'Sampure'. They formed a wholly
owned subsidiary in Cyprus
by the name Somerta Holdings Co Ltd with a capital of Euro 5000. The company
through their wholly owned subsidiary, Elder International FZCO acquired a 100%
stake in Neutra health PLC, an AIM London Stock Exchange listed company and also
established a wholly owned subsidiary in Bulgaria by the name 'Elder Biomeda
EDA' with the object of acquiring 100% stake in three Biomeda Group companies
for the total investment of Euro 3.12 million. The company was awarded Amity
Corporate Excellence Award for the year 2008 and Frost & Sullivan Market
Leadership Award for 'Shelcal' for the year 2008. They have been named in the
Forbes list of 'Asia 's 200 Best under a
billion' over a period of three years. In November 2008, the company entered
into a deal with Japan 's
Daiwa Pharmaceuticals Co Ltd for manufacturing and marketing of some of their
products in India .
Also,On 7th February 2012 they acquired 100% stake in three Bulgarian pharma companies through their wholly owned Bulgarian subsidiary Elder Biomeda EAD.
LINK TO COMPANY WEBSITE CLICK HERE
DISCLOSURE: IT IS SAFE TO ASSUME THAT I HAVE VESTED
INTEREST IN Elder Pharmaceuticals Ltd.
They made the tie up with Haw Par,
Also,On 7th February 2012 they acquired 100% stake in three Bulgarian pharma companies through their wholly owned Bulgarian subsidiary Elder Biomeda EAD.
I am hopeful that some of these projects will enter
the late stage development, indicating even better days for the Company. Hence
one can buy Elder Pharmaceuticals Ltd at CMP 179 for long term.It is listed in
both the exchanges,scrip code 532322.