Wednesday, 10 August 2011

Onyx Scientific under new ownership

Onyx Scientific reports that it has been acquired by Ipca Laboratories UK Ltd (see here), the UK arm of Indian pharmaceutical company Ipca Laboratories. At a presentation to our staff on Tuesday I stated that there wouldn't be any job changes at Onyx but was contradicted by Pranay Godha, Executive Director of Ipca. He stated that he expected an increase in the numbers at Sunderland as the company grew, as we aim to double the size of the company. There will be considerable synergies as the Onyx-Covance group can now offer all scales of chemistry from medicinal chemistry to commercial manufacture.

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