Piramal Pharma to acquire Hemmo Pharmaceuticals for $105m.

Piramal Pharma, an Indian pharmaceutical giant, agreed to acquire Hemmo Pharmaceuticals, a synthetic peptide API manufacturer, for $105m. “Hemmo has demonstrated excellence and a great quality track record with a differentiated and hard to replicate capability. Once welcomed into the PPL family, it will be another example of a distinctive offering to attract and delight customers. This is the third Pharma acquisition this fiscal year, and yet another example of the implementation of our profitable growth strategy," Nandini Piramal, Piramal Pharma Chairperson.