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Exclusive: Century Pharma hires banker for fresh fundraise; existing investor to exit

Drugmaker Century Pharmaceuticals Ltd has hired an investment bank as it seeks to raise fresh funds and give a full exit to its existing investor which put in money in the firm nine years ago, two persons aware of the development told VCCirlce. The Gujarat-based company, which was founded in 1982 by Janak Sheth, is engaged in the manufacturing of active pharmaceutical ingredients (APIs). The firm also supplies APIs to   pharmaceutical companies in India and abroad. Its major customers include Teva Pharmaceuticals, Jubilant, Glenmark, Hetero Drugs, Macleod, Abbott, FDC, Wallace Pharma, Intas Pharmaceuticals and Cipla, among others, according to...

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Century Pharmaceuticals Ltd. is engaged manufacturing drugs. It products include active pharmaceutical ingredients (API), animal health, biotechnology products, veterinary products. The firm also provides services active pharmaceutical ingredients (API) research, contract manufacturing, contract research. The company was founded in 1982 in Vadodara, Gujarat. with offices in various countries across Asia, Africa, Europe, North America, and South America.

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Gujarat Biotechnology Venture Fund (GBVF) is a $11.6 million venture capital fund manged by GVFL Ltd. It provides capital for start-ups, early stage and existing companies to companies operating in India. The fund seeks to invest in biotechnology sector focusing on bio-pharma, agri-biotech, contract research and industrial biotechnology.

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