On 30 July 2025, the company had announced the signing of an agreement with the Insolvency Administrator of Allecra Therapeutics GmbH (Germany) to purchase all assets (intellectual property, trademarks, customer contracts, regulatory filings and tangible/intangible assets) of Allecra Therapeutics.
The Court in France, at the hearing held on July 30, had accepted the company’s binding bid that was being submitted in concurrence of the Insolvency Administrator of Allecra Therapeutics SAS for the acquisition of assets including IPR and trademarks of Allecra Therapeutics SAS. The formal pronouncement of Order was to be made in short period of time.
"We are hopeful to get the order in our favour,” Orchid Pharma had said in a statement.
In an exchange filing made post trading hours yesterday, the company informed the Court of France has pronounced the order in favour of Orchid Pharma.
Post the acquisition, Orchid Pharma now possesses 100% global ownership of Enmetazobactam (brand Exblifep), known as Orblicef in India, consolidating rights and control previously split across entities.
This would mark the full repatriation of the first novel antibiotic molecule discovered in India back to India.
"The consolidation via strategic asset acquisitions will provide growth and expansion across the globe to the Orchid brand and will be financially beneficial to the company," Orchid Pharma stated.
Orchid Pharma is one of the leading pharmaceutical companies in India, headquartered in Chennai, and involved in the development, manufacture, and marketing of diverse bulk actives, formulations, and nutraceuticals, with exports spanning over 40 countries.
The company's net profit declined 32.37% to Rs 22.29 crore despite a 9.39% rise in revenue to Rs 237.48 crore in Q4 FY25 as compared with Q4 FY24.
The scrip fell 2.20% to currently trade at Rs 772 on the BSE.