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    JB Pharma acquires paediatric brands from Dr Reddy's for Rs 98.3 crore

    Synopsis

    The four brands are zinc supplement Z&D, insomnia medication Pedicloryl, antibiotic Pecef and Ezinapi, which is used against diaper rashes. The four brands combined had sales of Rs 33 crore in the fiscal year ended March 31, 2022.

    JB PharmaAgencies
    KKR-backed JB Chemicals & Pharmaceuticals (JB Pharma) on Thursday said it acquired four paediatric domestic formulation brands from Dr Reddy's Laboratories for Rs 98.3 crore in cash.

    The amount excludes working capital and taxes, it said.

    The four brands are zinc supplement Z&D, insomnia medication Pedicloryl, antibiotic Pecef and Ezinapi, which is used against diaper rashes.

    The four brands combined had sales of Rs 33 crore in the fiscal year ended March 31, 2022.

    The four brands, focused on the paediatric segment in the country, had a total covered market size of Rs 1,800 crore, JB Pharma said, citing data from market research firm IQVIA.

    "JB Pharma sees good growth potential from the acquired brands as they are synergistic with its paediatric segment and will help it significantly leverage its field force strength," JB Pharma said in a statement.

    The company has been scouting for acquisitions in the domestic branded market.

    It had invested Rs 1,000 crore to fund the acquisitions of the Sanzyme portfolio of probiotics and heart failure drug Azmarda from Novartis.

    JB Pharma, which is ranked 25 in the Indian pharmaceutical market as per IQVIA data for the year ended March 2022, has moved eight ranks up with five of its brands in top 300, as per market research firm AIOCD. Its domestic formulation business grew 33.6% in FY22, compared with industry growth of 27.9%.


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