The acquisition marks a pivotal shift in Piramal’s strategy to dominate the biologics landscape. Since holding an initial stake in 2021, the company has worked to weave Yapan Bio’s expertise—specifically in process development and phase I and II GMP manufacturing—into its Piramal Pharma Solutions division. By absorbing the firm as a subsidiary, Piramal aims to accelerate the development of complex large molecule therapies.
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Piramal Pharma Secures Majority Control of Yapan Bio
Piramal Pharma Limited has finalized a deal to acquire an additional 40.67% stake in Hyderabad-based Yapan Bio for 76 crore rupees, or 7.95 million dollars. This transaction elevates Piramal’s ownership to 74%, officially converting the biologics specialist into a subsidiary and integrating its capabilities into the broader corporate structure.
Peter DeYoung, CEO of Piramal Global Pharma, noted that the move is intended to bolster the company’s global service network and meet rising demand for biologic treatments. Beyond general manufacturing, the integration strengthens ADCelerate, the company’s platform for antibody-drug conjugation, which targets a 12-month timeline for R&D to GMP production. Operating under the Piramal umbrella, Yapan Bio will now serve as a primary engine for the company’s vaccine and gene therapy development efforts.
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