
Bharat Parenterals Subsidiary Expands Facility to ₹300 Cr for Biologics
Bharat Parenterals Limited announced a strategic enhancement to its wholly-owned subsidiary, Varenyam Biolifesciences Private Limited's, upcoming Savli manufacturing facility. The facility's scope has been upgraded to include biologics and biosimilar CDMO capabilities, in addition to its existing oncology-focused operations. The Phase 1 capital expenditure has been revised to ₹300 crore from the previously planned ₹150 crore. This expansion aims to address gaps in the global biologics supply chain and target markets in the United States, European Union, and SRA Rest-of-World. Regulatory approvals from USFDA, EU-GMP, and ANVISA will be pursued, with an expected completion date of Q2 2028. The company believes this move will strengthen long-term capabilities and capitalize on the evolving biologics and biosimilar CDMO opportunity.
Key Highlights
- Subsidiary facility upgraded for biologics and biosimilar CDMO services.
- Phase 1 capex doubled to ₹300 crore from ₹150 crore.
- Targets US, EU, and SRA RoW markets with USFDA, EU-GMP approvals.
- Expected completion by Q2 2028.
- Enhances long-term capabilities and addresses supply chain gaps.
Price Impact
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