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Matrix Lab, Aspen Pharma join hands
HYDERABAD:,
Matrix Laboratories and Aspen Pharmacare Holdings (South Africa) announced a strategic alliance to strengthen their respective businesses by forming joint ventures in India and South Africa. Matrix and Aspen would form a 50:50 joint venture in India, which would manufacture active pharmaceutical ingredients (APIs) required by Aspen. In the second case, Matrix would pick up a 50 per cent stake in Fine Chemicals Corporation (South Africa), which is now totally owned by Aspen. N. Prasad, Chairman of Matrix said the strategic alliance would go a long way in strengthening overall API business.
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