JB Chemicals completed the acquisition of Razel brand from Glenmark for $38m.

JB Chemicals, a pharmaceutical company, completed the acquisition of Razel brand from Glenmark, a pharmaceutical company, for $38m. "With this addition, we now have established a strong position in statins besides being among the leaders in hypertension and heart failure - all the fastest growing therapeutic indications in cardiology. We see good growth potential from the acquired brands. This acquisition will help us leverage our existing go-to-market model focussed for this segment and further strengthen our chronic portfolio," Nikhil Chopra, JB Pharma CEO.