Advy Biosciences has successfully acquired DiabetOmics Medical Private Limited, a strategic move that has led to the rebranding of the entity as Advy BioLucent Private Limited. This acquisition was facilitated with the expert legal counsel of Universal Legal.
The team from Universal Legal, led by Rashi Kapoor Mehta, Partner, and Neelkamal Chaudhary, Associate Partner, provided comprehensive legal services during the transaction. The acquisition also saw significant contributions in the real estate domain by Neha Sehgal, Partner, and Angshuman Chaliha, Associate Partner.
Through this acquisition, Advy Biosciences has gained access to a cutting-edge manufacturing facility located in Medak, near Hyderabad. This facility will play a crucial role in bolstering the company’s capabilities in medical device manufacturing and Contract Development and Manufacturing Organization (CDMO) partnerships.
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