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Orbimed Inks 2nd India Deal; Invests In Bharat Serums

By Pallavi S

  • 08 Apr 2010

Orbimed, the world’s largest healthcare-dedicated investment firm with approximately $5 billion in assets under management, has invested an undisclosed sum in bio-pharmaceutical company Bharat Serums and Vaccines Limited (BSV).

Promoted by the Daftary Group, BSV is engaged in research, manufacturing and marketing of niche life- saving injectible drugs with significant technological barriers and has wholly owned research subsidiaries in USA and Europe.

The company has two manufacturing facilities in addition to its animal farms and a research centre. BSV’s product portfolio comprises a wide range of products covering biologicals, monoclonal antibodies, equine antitoxins and serums, hormones, anesthetics, antifungals, and cardiovascular formulations.

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OrbiMed has made this investment through Caduceus Asia Mauritius Limited.

“The company is uniquely positioned in terms of its in-house research capabilities, robust product portfolio and pipeline, growing intellectual property value and a solid sales and distribution network,” said Sunny Sharma, senior managing director of OrbiMed Advisors India, in a statement.

Dr Sharma, who has more than 10 years of life sciences experience spanning venture capital, investment banking and clinical practice, has joined the board of BSV.

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OrbiMed had, in its first deal in India in December 2009, invested in Bangalore-based clinical research organisation Ecron Acunova, which conducts clinical trials for pharmaceutical, biotech and medical device companies in Europe, Asia and the US.

OrbiMed manages a series of venture capital funds and public equity investment funds. Its investment team includes over 30 professionals with backgrounds in science, medicine, industry, finance and law.

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