Piramal Healthcare acquires "i-pill" from Cipla

Piramal Healthcare Ltd. announced signing of a definitive agreement for the purchase of all Intellectual Property Rights (IPRs) in India related to "i-pill" brand of Cipla for an aggregate consideration of Rs950mn. "i-pill" features in the top-300 pharmaceutical products and had sales of Rs309.2mn as per ORG IMS for the last 12 months. The acquisition of "i-pill" strengthens Piramal’s over the counter (OTC) portfolio which has strong consumer brands such as Lacto Calamine skin care range, Supractiv Complete, Saridon and Polycrol antacid. "i-pill" is an emergency contraceptive pill (ECP) used to prevent unplanned pregnancy and is available over the counter at local chemists. It is not an abortion pill.