These 4 Pharma companies invest in ABCD Technologies

The proposed LLP structure would inter alia ensure transparent and effective competition to the benefit of patients in India.

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Artificial intelligence Brain Health AI
Picture: Pixabay

Last Updated on March 27, 2021 by The Health Master

Four pharma major companies have subscribed to partnership interest in ABCD Technologies LLP (to be renamed as IndoHealth Services LLP).

These pharma giants are

Sun Pharma, 
Cadila Healthcare,
Lupin and
Torrent Pharma.

The companies have invested in ABCD with an objective to facilitate, enable and promote efficiency and Good Distribution Practices (‘GDP’) including digitizing healthcare infrastructure in India, inter alia, in support of the National Digital Health Mission of the Government of India (‘Business’).

Doctor
Picture: Pixabay

The proposed LLP structure would inter alia ensure transparent and effective competition to the benefit of patients in India.

About Rs40cr each is invested by the companies.

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At around 1.40 pm, on Sensex, Sun Pharma was trading at Rs588 per piece up by 1.8%, while Torrent Pharma was performing at Rs2477.20 per piece higher by 1.33%. Cadila at Rs423.05 per piece surged nearly 1%.

However, Lupin was performing at Rs980.45 per piece lower by 1.14% on the same index.


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