Bilcare acquires clinical trial services company in UK

New Delhi, Sep 19 (UNI) Bilcare Ltd today said it has acquired UK-based Clinical Trials Services provider DHP Ltd for Rs 23 crore.

The company acquired entire paid-up equity capital of DHP through Bilcare (UK) Ltd, a wholly-owned subsidiary of Bilcare Singapore Pte Ltd.

DHP had service revenue of Rs 14 crore for the year ended March 31, 2006.

''Bilcare has been successful in living up to its commitment of providing a truly world-wide operations network to the global pharmaceutical sector and partner with it in enhancing its growh company Chairman and Managing Director Mohan Bhandari said.

The company had expanded its global reach through the acquisition of an established clinical trials business in the US in third quarter of 2005.

The company also announced its serious intent of establishing similar capabilities in Singapore and the European Union.

DHP Ltd has its operations in Powys, UK, and has core expertise in the manufacture, packaging (inclusive of design, randomisation and label printing), storage, global distribution Countback and destruction services of investigational medicinal products and clinical trials supplies.

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