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Indegene

From Wikipedia, the free encyclopedia
Indian multinational company
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Indegene Limited
FormerlyIndegene Lifesystems Private Limited (1998–2016)
Indegene Private Limited (2016–2022)
Company typePublic
IndustryPharmaceuticalconsultancy[1]
Founded1998; 27 years ago (1998)
FoundersRajesh Nair
Manish Gupta
Sanjay Parikh
Anand Kiran
Gaurav Kapoor
Headquarters,
India
Area served
Worldwide
Key people
Manish Gupta (CEO)[2]
RevenueIncrease2,589 crore (US$300 million) (FY24)[3]
Increase584 crore (US$67 million) (FY24)[3]
Increase336 crore (US$38 million) (FY24)[3]
Owners
Number of employees
5,081 (March 2024)[3]
Websitewww.indegene.com

Indegene Limited is an Indian company that provides research andcommercialization services tobiopharmaceutical andhealthcare enterprises.[5][6][7] Based inBangalore, the company provides consulting inpharmaceutical marketing,clinical trials,pharmacovigilance,medical andregulatory affairs, andhealth informatics.[8][9]

History

[edit]

Indegene was founded in 1998 by Dr. Rajesh Nair, Manish Gupta, Gaurav Kapoor, Dr.Sanjay Parikh and Anand Kiran.[10] Indegene's first acquisition was Medsn, a company that provided medical education. Medsn continued to operate under the same name in the United States.[11] In 2008, Medsn officially became Indegene Pharmaceutical Solutions in the United States. In 2006, Indegene acquired MedCases, acontinuing medical education company based in the United States.[7][12]

In 2009, Indegene signed amaster service agreement with six pharmaceutical companies.[6][13] The following year, Indegene acquiredCanada-based Aptilon, amultichannel marketing firm, for $4 million.[14] The company subsequently acquiredAtlanta-based Total Therapeutic Management in 2014.[15]

In September 2019, Indegene acquired London-based consulting company, DT Associates, for $10 million.[16]

In February 2021,the Carlyle Group and Brighton Park Capital invested $200 million in Indegene.[17] In August 2021, Indegene acquired Medical Marketing Economics (MME), an Americanmarket access andpricing strategy company, for $10 million.[18]

Indegene wentpublic in May 2024 with aninitial public offering, raising1,842 crore (US$210 million). It listed on theBSE and theNSE.[19][20]

Operations

[edit]

Indegene has offices in India, the United States, theEuropean Union, andAsia-Pacific.[21][12]

In 2011 and 2012,The Economic Times named Indegene one of the best companies to work for in the Professional Services industry.[22]

References

[edit]
  1. ^"Indegene ends 26% higher on listing day". 13 May 2024.
  2. ^"Indegene on the prowl for global acquisitions".The Hindu Businessline. 12 August 2020. Retrieved8 January 2023.
  3. ^abcd"Fact Sheet – Q4 FY2024"(PDF). Indegene. Retrieved30 May 2024.
  4. ^"Carlyle Group sells 4.3% in Indegene for ₹636 cr".The Economic Times. 3 December 2024. Retrieved4 December 2024.
  5. ^Das, Avik (2 September 2015)."Flipkart, Practo CEOs get top rating from staff".The Economic Times. Archived fromthe original on 8 September 2015. Retrieved2 October 2015.
  6. ^abSingh, Seema (7 May 2009)."Cutting pharma costs by intelligent marketing".Mint. Retrieved2 October 2015.
  7. ^abUnnikrishnan, CH (8 November 2006)."Indegene buys US firm".Business Standard. Retrieved2 October 2015.
  8. ^Murayama, Keiichi (19 February 2015)."India's tech muscle has the world's attention".The Nikkei. Retrieved2 October 2015.
  9. ^"Indegene files papers with Sebi; eyes ₹3,200 crore via IPO".mint. 15 December 2022. Retrieved8 January 2023.
  10. ^Amirapu, Deepika (9 March 2012)."Indegene eyes US call centre buy for $10–15 million".The Economic Times. Archived fromthe original on 19 November 2015. Retrieved2 October 2015.
  11. ^D'Silva, Jeetha (17 September 2005)."Indegene acquires US medical education co".The Economic Times. Archived fromthe original on 16 October 2015. Retrieved2 October 2015.
  12. ^ab"Indegene acquires MedCases, LLC". NFV Zone. 30 November 2006. Retrieved2 October 2015.
  13. ^"Indegene highlights benefits of patient adherence programs for pharma cos". PharmaBiz. 3 June 2011. Retrieved2 October 2015.
  14. ^Mukherjee, Rupali (7 November 2012)."Indegene to acquire Canada-based company for $4 million".Times of India. Retrieved2 October 2015.
  15. ^Craig, Tara (9 January 2014)."Indegene acquires Total Therapeutic Management". PMLive.com. Retrieved2 October 2015.
  16. ^Balakrishnan, Reghu (3 September 2019)."Healthcare tech firm Indegene acquires DT Associates".The Economic Times. Retrieved28 April 2024.
  17. ^Madhurima, Nandy (3 February 2021)."Indegene to raise $200 mn from Carlyle, Brighton Park".LiveMint. Retrieved20 August 2021.
  18. ^Baruah, Ayushman (30 August 2021)."Indegene acquires US-based Medical Marketing Economics for $10 mn".Mint. Retrieved28 April 2024.
  19. ^Narayanan, KS Badri (6 May 2024)."Indegene IPO opens today in ₹430-452 price band".BusinessLine. Retrieved6 May 2024.
  20. ^"PE firms Carlyle, Nadathur Fareast, Brighton Park Capital-backed Indegene IPO to open on May 6".Moneycontrol. Retrieved28 April 2024.
  21. ^Vijay, Nandita (7 November 2012)."Indegene plans next phase of growth through acquisition in US, EU markets". PharmaBiz. Retrieved2 October 2015.
  22. ^"Best companies to work for 2012: Companies that came up trumps across various sectors".The Economic Times. 16 July 2012. Archived fromthe original on 11 April 2013. Retrieved2 October 2015.
Clinical Research
Clinical and Healthcare IT
Manufacturing
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