Some of India’s top pharmaceutical companies, namely Sun Pharma, Cadila Healthcare, Lupin, and Torrent Pharma, are reportedly in advanced negotiations to acquire business-to-business (B2B) healthcare platform Pharmarack. Each of the four companies has invested INR 40 Cr to purchase 20% equity in a newly formed company named ABCD Technologies, aiming to facilitate efficient goods distribution and digitizing healthcare, according to the ET report. This new entity, which will be renamed as IndoHealth Services, will acquire the Pune-based Pharmarack. The new digital platform is said to have brought onboard 3,000-4,000 distributors and will provide the technological backbone to companies looking to build their own online B2B marketplace which can eventually scale to an online pharmacy.
Harshit Rakheja, Inc42 Media, 03/31/2021 02:07:00