Alkem Laboratories completed the acquisition of Bombay Ortho for $17.3m.

Alkem Laboratories, an Indian pharmaceutical company, completed the acquisition of Bombay Ortho, an Indian manufacturer and exporter of orthopedic implants and surgical instruments, for $17.3m. "The proposed investment by our wholly owned subsidiary Alkem MedTech Private Limited is a strategic investment which will help to gain manufacturing capabilities to participate in growing orthopedic space and leveraging Bombay Orthos expertise within the hip and knee implants segment," Alkem Laboratories said.