Twilight Litaka inks agreement with Semi Labs, acquires brands

New Delhi, May 21 (UNI) Twilight Litaka Pharma Ltd today said it has signed an agreement with a Bangalore-based Sami Labs Ltd to purchase 17 brands.

With these additions, the company expects to increase the turnover substantially in the financial year 2007-08.

As per the MoU, Twilight Litaka has acquired ownership of these brands, as Semi Labs engaged in nutraceuticals is having proprietary rights over certain patents. It will have the exclusive rights to manufacture and market the nutraceutical products under these brands in India.

Sami Labs will also continue to support the company's foray in the domestic nutra segment with research based new products in nutraceutical segment, a statement said.

Considering the huge potential of nutraceutical business in the country in the near future, the company has set up a separate Nutraceutical Division under the name ''TLPL NUTRA'' and has already launched a few nutraceutical products in the market.

The nutraceuticals food supplement is fast growing in the Indian domestic market, with growth outpacing the Pharma segment. The company will make these products at the newly commissioned Nutra facility at Baddi, Himachal Pradesh.

UNI