Company type | Private |
---|---|
Industry | Pharmaceutical |
Founded | 1981[1] |
Founder | Satish Mehta |
Headquarters | Hinjawadi, Pune, India |
Area served | Worldwide |
Key people |
|
Revenue | ₹5,812 crore (US$730 million) (FY22) [4] |
₹1,287 crore (US$160 million) (FY22) [4] | |
₹702 crore (US$88 million) (FY22) [4] | |
Number of employees | 11,000 (January 2022) [5] |
Website | emcure |
Emcure Pharmaceuticals Limited is an Indian multinational pharmaceutical company headquartered in Pune. Emcure's product portfolio includes tablets, capsules (both softgel capsules and hard-gel capsules) and injectables. [6] [7] The company is a major producer of HIV antivirals, as well as gynaecology and blood therapeutic drugs. [5]
This is the list of manufacturing facilities based in India [8] -
USA - The company has a manufacturing facility and R&D center in East Brunswick, New Jersey, USA. [8]
In 2014, Blackstone sold its 13% stake in Emcure to Bain Capital. [9]
Emcure voices its concerns on HIV/AIDS through its "Let's fight AIDS together" initiative and supplies Antiretroviral drugs to Africa, Asia Pacific and CIS. As a part of its corporate social responsibility it supports 'Taal', a pharmacy for HIV/AIDS patients run by HIV/AIDS patients.
Emcure has license agreements with Bristol-Myers Squibb for Atazanavir [10] and Gilead Sciences for Tenofovir as part of their Global Access Programs.
Roche has signed a deal with Emcure for manufacturing its blockbuster anticancer drugs Herceptin and Mabthera in India. [11] Under this programme the cancer drugs shall be made available to the developing world at an affordable 'cut-price' version. [12]
Heritage Pharmaceuticals, a former division of Emcure, entered into a deferred prosecution agreement [13] with the United States Department of Justice, Antitrust Division ("DOJ") relating to a one-count Information for a conspiracy involving glyburide. In conjunction with the DPA, Heritage agreed to pay a $225,000 fine. The DPA expired on May 30, 2022, and the United States District Court for the Eastern District of Pennsylvania dismissed with prejudice the one-count Information filed by the DOJ against Heritage on June 30, 2022.
In addition, Heritage separately agreed to a settlement with the United States Department of Justice, Civil Division to resolve potential civil liability under the False Claims Act in connection with the antitrust conduct. Under the terms of the settlement, Heritage agreed to pay $7.1 million to the DOJ's Civil Division.
There are allegations that Emcure (through its sister company Gennova) stole the technology of vaccine production by breaching contract with HDT Bio. [14] Earlier Emcure broke ties with Roche in similar way. [15]
The USFDA had given Warning Letter for data integrity manipulation problems at Emcure plants. [16]
In 2010, Pfizer had to recall three batches of an anti-bacterial product from the US market due to presence of Bacillus anthracis, Penicillium chrysogenum & E. coli in some samples. [11] Teva recalled several batches of two products due to white tablets showing presence of Yersinia pestis in 2011. [17]
Even in the domestic market, Maharashtra FDA issued a circular to recall all the injections (500 mg /10 ml) manufactured by Emcure Pharmaceuticals Ltd, from across the country. [18]
Two injected drugs manufactured by Emcure, with a history of sterility problems were recalled because of microbial contamination. The drugs were both manufactured by Emcure Pharmaceuticals but were distributed in the U.S. by Heritage Pharmaceuticals (now renamed Avet). [19]
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