
Concord Biotech Ltd
Concord Biotech Ltd Company History
Concord Biotech is engaged in research and development, manufacturing, marketing and selling of pharmaceutical products.
1984
Incorporation of Servomed Pharmaceuticals Private LimitedÂ
1984
1985
Change in the name to Concord Pharmaceuticals Private LimitedÂ
1985
1986
Conversion to a deemed public company pursuant to Section 43A of Companies Act, 1956
1986
2000
Acquisition of the Company by Mr. Sudhir Vaid, one of the Promoters.
2000
2001
Renaming of the Company to Concord Biotech LimitedÂ.
2001
2002
Expansion of production capacity of enzymes.
2002
2003
Certification of the facility at Dholka for commissioning and commencement of production of various enzymes by technical consultants.
2003
2004
Investment by Rakesh Jhunjhunwala and Rekha Jhunjhunwala in the Company.
2004
2005
First USFDA inspection and classification of the API facility as acceptable.
2005
2008
Second USFDA inspection and classification of the API facility as acceptable.
2008
2010
Received drug master file registration certificate for tacrolimus hydrate from Pharmaceuticals and Medical Devices Agency, Japan.
2010
2011
First EU GMP inspection of the manufacturing facility by Government of Upper BavariaCentral Medicines Control Bavaria (GMP/GCP).
Initiated CRAMs services in areas of new chemical entity (NCEÂ) or Generic APIs.
2011
2012
Received original drug substance registration certificate for mycophenolate mofetil from Pharmaceuticals and Medical Devices Agency, Japan.
2012
2013
Third USFDA inspection and classification of the API facility as acceptable.
2013
2014
Received certificate of drug substance registry for Ciclosporin JP from Pharmaceuticals and Medical Devices Agency, Japan.
2014
2015
Fourth USFDA inspection of the Dholka facility and conclusion of inspection as ÂclosedÂ.
Second EU GMP inspection of the manufacturing facility.
Received accreditation certificate of foreign drug manufacturing for non-sterile drugs from Minister of Health, Labthe and Welfare of Japan.
2015
2016
Established a facility at Valthera, Gujarat.
Recognition of the in-house R&D facility located at Valthera by Ministry of Science and Technology, Government of India.
Investment from Helix Investment Holdings Pte. Limited.
2016
2017
First USFDA inspection at the Valthera facility and receipt of establishment inspection report.
2017
2018
Fifth USFDA inspection and received Âno action indicated classification for the facility located at Dholka.
Grant of GMP certification from Food and Drugs Control Administration for Valthera and Dholka units Second USFDA inspection at the facility located in Valthera facility and receipt of establishment inspection report.
Established Joint Venture in Japan pursuant to growing business opportunities in Japan.
2018
2019
Received two ANDA approvals.
Expansion of the companyÂs business in critical care segment in India.
Commencement of marketing of Mycophenolate Mofetil Capsules USP 250 mg.
2019
2020
Board of the Company permitted the layout plan for the proposed injectable manufacturing unit at Valthera facility.
Received two ANDA approvals.
First shipment of Mycophenolate Sodium Tablets, in US market.
2020
2021
Commenced operations at second API facility at Limbasi.
Third EU GMP inspection of the manufacturing facility located in Dholka.
2021
2023
Completion of the USFDA inspection at the Limbasi facility
2023