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Neuland Labs, APIC sign manufacturing collaboration
April 2013
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HYDERABAD, India—Neuland Laboratories Ltd. has announced a manufacturing collaboration with API Corp. (APIC), a healthcare unit of Mitsubishi Chemical Holdings Group. Per the terms of the agreement, APIC will make an investment in Neuland's facilities that will provide APIC with dedicated capacity for meeting its customers' needs. Neuland employees will operate the facilities, and both Neuland and APIC will share oversight and management responsibilities. Financial details were not released.  
 
"We are impressed with Neuland's long history of quality production and regulatory excellence.  In addition, their business model of being solely focused on [active pharmaceutical ingredients] and intermediates manufacture makes them an ideal partner for APIC," Taiichi Emura, president of APIC, said in a press release about the deal.

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