India
healthysoch
Hyderabad, New Delhi, November 24, 2020 :
The platform company is co-founded by Mr. Hocine Sidi-Said, Chief Executive Officer and Mr. Alhadi Alwazir, Chief Strategy Office and Head of Corporate Development, both of whom have been inducted to the Board of Directors of Celon Labs.
The platform is planning to invest in Celon’s development of a new, state of the art oral and injectable manufacturing facility for both critical care and oncology that will serve a wider set of markets. Citadel Management Consulting, a Hyderabad based mid-market investment banking firm was the exclusive advisor to Celon on the transaction.
“We are excited about this partnership to drive the growth of Celon in the coming years. The primary investment by our new shareholders will help Celon expand its capabilities and capacities to match market opportunities in both therapeutic segments on a much larger, global scale.” said its MD, Mr. Middey Nagesh Kumar.
healthysoch