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Explore Nirma's unexpected entry into the pharmaceutical industry, challenges faced in diversifying from detergent to pharma, strategic shift in Indian pharma companies towards API manufacturing, Nirma's potential growth avenues in oncology APIs and CDMO business model.
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Quick takeaways
- Nirma diversifies into pharma by acquiring Glenmark Life Sciences, aiming to leverage its success and market position.
- Glenmark Life Sciences earns higher margins with a focus on chronic therapies, benefits from domestic manufacturing incentives, and has growth potential in CDMO business.
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Nirma's foray into the pharma business
Nirma, a detergent company, has entered the pharmaceutical industry by acquiring a majority stake in Glenmark Life Sciences. Though Nirma's previous attempts to diversify into the pharma and cement industries haven't been as successful, it aims to maintain and grow Glenmark Life Sciences by leveraging its existing success and market position.
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