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India BioPharmaceutical Deals

GSK Sells Indian Site To Hetero Labs

Company Strikes $25m Deal For Manufacturing Plant In Vemgal, Karnataka

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Executive Summary

GSK has sold its Vemgal manufacturing plant to Indian company Hetero Labs. GSK’s decision came after the recall of ranitidine products made in India.

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Ranitidine Recall Dents GSK India, Which Mulls Plant Sale

GlaxoSmithKline India’s Vemgal plant, which entailed a large investment outlay, may be put on the block as part of a review of assets impacted by the recall of ranitidine over NDMA impurity concerns. The site, which has “all relevant approvals”, has not made commercial supplies yet.

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