Lupin to buy eye treatment drugmaker in Mexico
Mar 27 2014 , Mumbai
Grin, which makes branded generic drugs and had full-year 2013 revenues of $28 million, is the fourth largest player in Mexico's ophthalmic segment, according to Lupin.
The acquisition marks Lupin's entry into Latin America, a market the company has previously said it expects will contribute a large part to its future growth.
Grin is Lupin's second acquisition this year.
In February, the company said it bought Netherlands-based Nanomi BV, which has technology to develop complex injectable products - a space many Indian generic drugmakers have increased focus on.