Twilight Litaka Pharma Ltd has signed an MoU with Sami Labs Ltd, a Bangalore based company engaged in nutraceuticals having proprietary rights over certain patents, for the purchase of 17 brands. With the additions of these brands the company expects to increase the turnover substantially in the financial year 2007-08.
As per the agreement executed with Sami Labs Ltd, the company has acquired ownership of these brands and will have the exclusive rights to manufacture and market the nutraceutical products under these brands in India. Sami Labs will also continue to support the company's foray in the domestic nutra segment with more research based new products in nutraceutical segment.
Considering the huge potential in nutraceutical business in India in the near future, the company has set up a separate nutraceutical division under the name "TLPL NUTRA" and has already launched a few nutraceutical products in the market. All these products will have some unique feature.
The nutraceuticals food supplement is fast growing in the domestic market in India, with growth outpacing the Pharma segment. The company will make these products at the newly commissioned Nutra facility at Baddi, Himachal Pradesh.