Advent to invest $175 million in Felix Pharma to acquire minority stake
Felix Pharma is one of the developers and manufacturer of off-patent medicines for companion animals.
Felix develops, manufactures and supplies to distributors and other branded Gx players for private labelling, particularly in the U.S.
Shweta Jalan, Managing Partner, Advent, said, 'Healthcare has been a long-standing focus for us, and strong parallels we see between success in human Gx globally and emerging opportunity in animal health Gx. Felix is well positioned to lead this space with its strong leadership, broad portfolio, and robust R&D and commercial capabilities.'
'Its rapid growth and high customer satisfaction make it a differentiated platform, and we are excited to support Neeraj and the Felix team in scaling it into a global franchise,' she added,
Founded in 2015 by Neeraj Agrawal, a McKinsey alum, Sir Jonathan Symonds, Chair of GSK and with 30 years of experience in global pharmaceuticals, and Dr. Shumeet Banerji, ex-CEO of Booz-Allen, Felix said it has pursued strategic growth through a disciplined approach,
While the company achieved its first U.S. FDA approval in 2020, it has quickly scaled to a 14 commercialised product portfolio and has several others in advanced stages of pipeline.
It has a USFDA-approved oral solid facility dedicated to animal health products and an injectable facility that is expected to be ready by Q3 2025.
Neeraj Agrawal, Co-Founder, Felix Pharma, said, 'As we scale in a fast-evolving market, we were looking for a partner who brings not just capital, but also deep operating expertise and the right mindset and networks to help us grow faster and stronger. Advent's strong track record in healthcare and pharma, and their close involvement in building strong businesses, gives us great confidence.'
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Hindu
19 minutes ago
- The Hindu
Tiruvannamalai Corporation to donate non-biodegradable waste for road-laying works
As part of its green initiative, Tiruvannamalai Corporation is all set to donate its accumulated 250 tonnes of non-biodegradable waste, mostly plastic waste like PET bottles, from Monday onwards to use for road laying works. Officials of Tiruvannamalai Corporation, who have spearheaded the initiative, said that a Coimbatore-based Startup has signed an MoU with the Corporation to collect untreated non-biodegradable wastes from Micro Compost Centres (MCC) of the civic body free of cost. Donated plastic waste by the corporation will be used by the startup for road-laying works in the Coimbatore region. 'The first shipment of plastic waste will be given to the startup on Monday. Thereafter, the private firm will take the collected plastic waste from MCCs at least once a week on its own. It helps us to make the town much cleaner as the total volume of waste to landfill will be minimal,' S. Selva Balaji, Commissioner, Tiruvannamalai Corporation, told The Hindu. As per the plan, accumulated plastic waste at MCCs, which are located at the centre of the town, will be safely disposed of by the Startup in the coming days. Each MCC, on an average, spreads over 2,000 sq ft and covers at least 4,000 households, covering four wards within the corporation limits, which comprises 39 wards. Every day, on an average, 65-70 tonnes of waste are generated in the town. Of this, around 20 tonnes of waste is plastic waste, mostly PET bottles. Each ward has 60-70 streets with around 400 households and a capacity of 300 kg of garbage generation. Corporation officials said regular disposal of plastic wastes will provide more space at MCCs to treat biowastes into organic manure for farmers in surrounding villages. Initially, the project will be implemented in the core areas of the town before extending it to more areas. The civic body was expanded into a corporation in January 2025 by merging 18 surrounding villages.
New Indian Express
an hour ago
- New Indian Express
Professor Harminder Singh Dua praises Army Hospital for world-class facilities during Delhi visit
NEW DELHI: Professor Harminder Singh Dua, a prominent figure in the global ophthalmic fraternity, recently visited the Department of Ophthalmology at the Delhi-based Army Hospital (Research & Referral). During his visit, he expressed admiration for the hospital's cutting-edge infrastructure, state-of-the-art equipment, immaculate environment, and the disciplined yet compassionate work culture. 'The facilities and standards at Army Hospital (R&R) match, and in some aspects even surpass, some of the best centres globally,' he remarked during his visit. Currently serving as Professor of Ophthalmology at the University of Nottingham, UK, Professor Dua is globally celebrated for his pioneering contributions to corneal science, most notably the discovery of Dua's Layer in the cornea. As part of his visit, Professor Dua delivered an engaging lecture titled 'Steering the Ship: From Studentship to Leadership', addressing a diverse audience that included senior faculty members, postgraduate students, and healthcare professionals. His talk delved into the nuanced transition from academic learning to visionary leadership, offering insights drawn from his illustrious career in medicine.
The Hindu
an hour ago
- The Hindu
Railway budget for Karnataka jumped nearly ninefold under Modi: Ashwini Vaishnaw
Union Minister for Railways Ashwini Vaishnaw on Sunday highlighted a sharp rise in budgetary allocation for Karnataka's railway projects since 2014, crediting Prime Minister Narendra Modi for the change. Addressing a gathering after Mr. Modi inaugurated the Yellow Line of Namma Metro here on Sunday, Mr. Vaishnaw said that Karnataka had been receiving only about ₹835 crore annually for railway works prior to 2014. 'Under Mr. Modi's leadership, this allocation has surged to ₹7,500 crore. At present, projects worth ₹54,000 crore are under way across the State,' he said. He added that 61 railway stations in the State are being modernised under the Amrit Bharat Station Scheme, aimed at upgrading passenger amenities and infrastructure. Devanahalli emerges as iPhone hub Shifting focus to the electronics sector, Mr. Vaishnaw, who is also the Union Minister for Information and Broadcasting and Electronics & Information Technology, said that India's electronics manufacturing output had expanded sixfold to ₹12 lakh crore during this period, while exports had risen eightfold to over ₹3 lakh crore. 'A decade ago, the idea of India exporting electronics seemed far-fetched. Today, the country stands as the world's second-largest mobile phone manufacturer, with Bengaluru's Devanahalli emerging as a significant hub for iPhone production,' he said. According to the Minister, the Prime Minister's push towards 'Viksit Bharat 2047' has yielded nationwide benefits, including Karnataka. Bengaluru leads in AI Highlighting initiatives to make advanced technology accessible, especially artificial intelligence (AI), Mr. Vaishnaw said the India AI Mission provides 34,000 GPUs as a shared computing resource for innovators across the country. 'Bengaluru is one of the biggest users of this facility. The cost is less than one US dollar an hour, making it the world's most affordable common compute resource,' he said. He also pointed out to the efforts of Bengaluru-based startup Sarvam, which is developing an indigenous Large Language Model trained on extensive datasets in multiple Indian languages. This AI system, he said, is being designed to be free from biases and to reflect India's linguistic diversity.
