Amit Bakshi, Chairman and Managing Director, Eris Lifesciences said that the trademark acquisition would help the company strengthen its position in the diabetes care market in India.
"Zomelis is a strong brand amongst the super speciality prescriptions and has been promoted for close to 10 years. Our inorganic growth strategy continues as we explore good opportunities to strengthen our product offering for patients," said Bakshi.
This is the first innovator pharmaceutical product trademark acquisition by Eris. The company had made four acquisitions earlier.
In December 2017, Eris acquired the branded business portfolio of Strides Shasun in a deal worth Rs 500 crore gaining a foothold, inter-alia, in the CNS drug segment. Three earlier acquisitions of UTH, Kinedex and Amay Pharma (trademarks) provided entry for Eris in the nutraceuticals, women health, and IVF, among others.