Laurus Labs Ltd. நிறுவன வரலாறு மற்றும் வருடாந்திர வளர்ச்சி தகவல்கள்

The Company was originally incorporated as Laurus Labs Private Limited on September 19, 2005 at Hyderabad, Andhra Pradesh, India as a private limited company under the Companies Act, 1956. The Company was subsequently converted into a public limited company and its name was changed to Laurus Labs Limited and a fresh certificate of incorporation consequent upon change of name on conversion to a public limited company was issued by the RoC on February 12, 2007. Subsequently the name of the Company was changed to Aptuit Laurus Limited consequent to the strategic partnership entered into by the Company with Aptuit Singapore and a fresh certificate of incorporation consequent upon change of name was issued by the RoC on July 19, 2007. Thereafter the Company was converted into a private limited company and its name was changed to Aptuit Laurus Private Limited and a fresh certificate of incorporation consequent upon change of name on conversion to a private limited company was issued by the RoC on July 24, 2007. Subsequently the name of the Company was changed to Laurus Labs Private Limited consequent to the proposed dilution of the shareholding of Aptuit Singapore in the Company and a fresh certificate of incorporation consequent upon change of name was issued by the RoC on February 21, 2012. The Company was converted into a public limited company and the name of the Company was changed to Laurus Labs Limited. A fresh certificate of incorporation consequent upon change of name on conversion to a public limited company was issued by the RoC on August 16, 2016.

Major events and milestones of the Company :

2006

- Set up the R&D Centre

- Signed term sheet with a leading Indian pharmaceutical company for oncology APIs

- Filed the first patent application

2007

- Set up Unit 1

- Investment by Aptuit Singapore of Rs.1.02 billion in the Company

- Executed manufacturing and services agreements with three multinational companies

- Commenced operations at the R&D Centre

2008

- Filed first Drug Master File

- Commenced operations at Unit 1

- Supplied the CompanyÂs first product to the USA

2009

- DSIR recognition received for the R&D Centre

- Commercialised four nutritional fine chemicals

- Launched the CompanyÂs first product in Europe

- Entered into a license agreement with an international organization and a multinational company for license to manufacture and sell one of the products in the ARV segment

2010

- Received US FDA certification, TGA and UK MHRA certification for the Unit 1

2011

- Received US FDA certification for the R&D Centre

- Received Korean FDA certification for Unit 1 and the R&D Centre

2012

- Investment of Rs.490 million in the Company by FIL Capital Management and FIP through primary investment and secondary acquisition of AptuitÂs majority stake in the Company along with additional investments by one of the Promoters

2013

- Crossed Rs.10 billion of revenues

- Received WHO approval for Unit 1

- Purchased/ leased land at Visakhapatnam for future expansion

2014

- Purchased approximately 135 acres of land at Visakhapatnam for future expansion

- Investment of Rs.3,000 million by Bluewater and acquisition by Bluewater of significant stake from FIL Capital Management and FIP (acting through FIL Capital Advisors) through secondary share purchase transaction

- Commenced construction of Unit 2

- Incorporated Laurus Inc. at Delaware as a wholly owned subsidiary of the Company

2015

- Commenced commercial operations at Unit 3

- Acquired 27% stake in Sriam Labs

- Successful inspection by WHO, NIP Hungary and US FDA for Unit 1 and Unit 3 manufacturing sites

2016

- Successful US FDA inspection of the kilo lab facility at R&D Hyderabad

- Received approval from BfraM Germany for Unit 2

- Crossed Rs.15 billion in revenues

- Filed first ANDA with the US FDA and first dossier with the WHO

- Acquired balance 73% stake in Sriam Labs, making it a wholly owned subsidiary of the Company

Awards and Accreditations :

2012

- Script Award for the ÂBest Company in an Emerging MarketÂ

- FAPCCI (The Federation of Andhra Pradesh Chambers of Commerce and Industry) Award for ÂOutstanding Export PerformanceÂ (Silver Rolling Trophy)

- ÂOutstanding Exports Performance AwardÂ - Bulk Drugs (medium) - Gold by Pharmaceuticals Export Promotion Council of India (ÂPHARMEXCILÂ)

2013

- Outstanding Exports Performance Award Â Bulk Drugs - Silver by PHARMEXCIL

- Silver Certificate of Merit at the Economic Times India Manufacturing Excellence Awards, 2013

2014

- Vishwakarma Rashtriya Puraskar and National Safety Award for Unit 1, presented by the Ministry of Labour and Employment, Government of India for the performance year 2012

- Outstanding Exports Performance Award- Bulk Drugs (Mid Range) by PHARMEXCIL

- Silver Certificate of Merit at the Economic Times India Manufacturing Excellence Awards, 2014

- ÂExcellence in Performance & Business Scalability (Large Companies)Â award, in the Business Today-YES Bank Emerging Companies Excellence Awards

2015

- The Company was featured as one of the 13 Hidden Gems in India by Forbes India and the CEO was featured on its cover page

- ÂHealth Care Company of the Year 2015Â award by VC Circle

- Silver Certificate of Merit at the India Manufacturing Excellence Awards, 2015

- ÂBest Visualised App Delivery ImplementationÂ award from Citrix

- Certificate of achievement in the Business Leader 2015 Award for excellence in the pharmaceuticals sector

2016

- National Safety Award (runner-up) for Unit 1, presented by the Ministry of Labour and Employment, Government of India for the performance year 2014

2017
- Laurus Labs Limited today received Establishment Inspection Report (EIR) from the US Food and Drug Administration(USFDA) for its API (active pharma ingredients) plants located at Visakhapatnam in Andhra Pradesh.
- Laurus Labs Ltd has received its maiden tentative approval from United States Food and Drug Administration (U.S FDA) for Tenofovir Disoproxil Fumarate Tablets 300mg.

2018

-Laurus Labs bags approval for Metformin Hydrochloride Tablets.

- Laurus Labs Certified As The ÂGreat Place To WorkÂ In The Large Sized Organisationcategory In India.

-Laurus Labs got Metformin USFDA Approval.

- Laurus Labs and Aspen Pharmacare launch an improved triple combination HIV drug in South Africa.

2019

-Lauras Labs got USFDA Approval for TLD Tablets and EIR from USFDA.

-Laurus Labs enters into strategic partnership agreement with the Global Fund.

-Laurus Labs completed the US FDA inspection of Unit 4 at Visakhapatnam.

-Laurus Labs' exclusive distribution partner Rising Pharmaceuticals, launches Pregabalin Capsules in US market.

2020

-Laurus Labs donates Hydroxychloroquine (HCQ) IP 200mg tablets & INR 50 lakhs fund to fight the COVID-19 pandemic in Telangana and Andhra Pradesh States.

-Rising Pharmaceuticals and Laurus Labs Partner to Support the University of Minnesota to Explore the Prophylaxis Effect of Hydroxychloroquine in Essential Health Care Workers.

-Laurus Labs enters the rapidly growing biotechnology segment by acquiring a majority stake in Richcore Lifesciences.

2021

-Laurus Labs wins coveted Golden Peacock Award for Excellence in Corporate Governance.

-Press Release- Laurus Labs receives the License to manufacture and market 2-Deoxy-D-Glucose (2DG) in India, from DRDO.

-Laurus Labs Unitaid and the Clinton Health Access Initiative, announce agreement to accelerate development of best-in-class second- and third-line HIV medication for children.

-Laurus Labs signs an agreement with MPP (Medicine Patient Pool) to manufacture Molnupiravir, oral COVID-19 antiviral medication.

2022

-'Laurus Labs Receipt of purchase orders from a leading Global Life Sciences Company''.

2023
-Laurus Labs received USFDA tentative approval for the World's First Paediatric ARV Oral Dispersible Film (ODF) drug, Dolutegravir 5mg and 10mg in HIV/AIDS treatment.
-Laurus Labs signed Memorandum of Agreement (MOA) with IIT Kanpur for novel gene therapy assets.

2024
-Laurus Labs inaugurates new State of the Art R&D facility at IKP Knowledge park.
-Laurus Labs concludes successful USFDA Audit for API Manufacturing Facility at hyderabad.

2025

-Laurus Labs Ltd. has announced an investment an investment of Rs 833 million in KRKA Pharma Pvt.Ltd.

Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article