13 December 2023 | News
Announces acquisition of Ahmedabad-based Vaibhav Analytical Services
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Sterling Accuris Diagnostics, a leading chain of NABL-accredited pathology laboratories, has announced the acquisition of Ahmedabad-based Vaibhav Analytical Services, a leading provider of analytical testing services, including pharmaceutical/drug testing.
With this acquisition, Sterling Accuris (also based in Ahmedabad) has successfully expanded its range of services offered to fields such as pharmaceutical analytical testing.
The pharmaceutical industry in Gujarat ranks number one in India with a 33% share in drug manufacturing and a 28% share in drug exports.
Established in 1999, Vaibhav Analytical Services operates its NABL accredited laboratory, ensuring strict compliance with international standards for pharmaceutical testing at Ahmedabad and services clients from across India. The company has also received approval from the Nigerian Government (NAFDAC) as a CRIA authorised laboratory.
Rajiv Sharma, MD of Sterling Accuris Diagnostics, emphasised the significance of this acquisition stating, "This strategic move aligns with our commitment to advance healthcare through innovation and excellence in diagnostics and analytical testing services. Analytical testing assists biotech, food, environmental, and pharmaceutical companies that provide products to consumers for safety assurance and quality control, and we want to actively collaborate with them for all their testing needs."