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01 1LGM Pharma

02 1Metrochem API Private Limited

03 1Cohance Lifesciences

04 1Tagoor Laboratories

05 1Alembic Pharmaceuticals Limited

06 1Aspire Lifesciences Pvt Ltd

07 1Aurobindo Pharma Limited

08 1CHEMO

09 1Chemeca Drugs

10 1Chromo Laboratories

11 1Cipla

12 1Credo Life Sciences

13 1DEAFARMA

14 1Dipharma

15 1Everest Organics

16 1Guangzhou Tosun Pharmaceutical

17 1Hetero Drugs

18 1Integrin Life Sciences

19 1Lee Pharma

20 1Murli Krishna Pharma

21 1Nifty Labs

22 1Optimus Pharma

23 2Pellets Pharma Limited

24 1Pellsys Pharma

25 1Piramal Pharma Solutions

26 1Precise Group

27 1Qualitek pharma

28 1Raks Pharma

29 1Smilax Laboratories Limited

30 1Spansules Pharma

31 1Srini Pharmaceuticals

32 1Titan Laboratories

33 1Vasudha Pharma Chem

34 1Viatris

35 1Waterstone Pharmaceuticals Inc.

36 1Zhuhai Rundu Pharmaceutical

37 1Zim Laboratories

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PharmaCompass

01

LGM Pharma

U.S.A
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Medlab Asia & Asia Health
Not Confirmed
  • fda
  • EDQM
  • WHO-GMP

Virtual BoothLGM Pharma accelerates & optimizes the new product pathway from early development through commercialization.

Dexlansoprazole

About the Company : LGM Pharma is a global leader in sourcing hard-to-find APIs and intermediates for the pharmaceutical and biotech industries. LGM is also a full service CDMO providing formulation, ...

LGM Pharma is a global leader in sourcing hard-to-find APIs and intermediates for the pharmaceutical and biotech industries. LGM is also a full service CDMO providing formulation, analytical method development and testing, and commercial manufacturing. LGM Pharma offers custom API synthesis, analytical development, and regulatory services. With a network of over 300 accredited CGMP manufacturing partners, LGM provides unparalleled supply chain security. And, with over 100,000 square feet of FDA-inspected cGMP manufacturing and warehouse capacity, LGM Pharma provides a one-stop solution for solid dose, powder, semi-solid and liquid drugs.
LGM Pharma CB

02

  • fda
  • EDQM
  • WHO-GMP

Virtual BoothMetrochem has been delivering customized volume & quality products to customers across the world, taking utmost care of their needs.

Dexlansoprazole

About the Company :

Established in 2004, Metrochem API is one of the fastest-growing APIs, pellets & intermediates manufacturers. It has 6 dedicated manufacturing facilities for its 3 core product ...

Established in 2004, Metrochem API is one of the fastest-growing APIs, pellets & intermediates manufacturers. It has 6 dedicated manufacturing facilities for its 3 core product groups and has been approved by ISO 9001-2015, USFDA, WHO GMP, Cofepris & Japanese authorities. Metrochem’s in-depth industry knowledge, & hi-tech & advanced infrastructure, helps it provide quality products to its customers. Note: None of the products will be supplied to the countries where this could conflict with existing patents. Further, any products under patent will be offered for R&D purposes only. However, the final responsibility lies with the buyer
Metrochem

03

  • fda
  • EDQM
  • WHO-GMP

Virtual BoothCohance Lifesciences, offers full range of CDMO services for small molecule APIs, intermediates, ADCs, Pellets and Formulations.

Dexlansoprazole

About the Company : Cohance Lifesciences is a leading CDMO and API platform, offering products and services across all phases of a molecule’s lifecycle from development to commercialzation. With our...

Cohance Lifesciences is a leading CDMO and API platform, offering products and services across all phases of a molecule’s lifecycle from development to commercialzation. With our expertise in complex chemistries, we provide end-to-end CDMO services to global innovators and have delivered numerous projects from concept to commercialization over the years.As a global API player, we serve customers across nearly 60 countries with 80+ molecules backed by robust R&D, regulatory capabilities and manufacturing infrastructure. We are among the top backward integrated exporters of pellets and have strong development and manufacturing capabilities.
Cohance

04

  • fda
  • EDQM
  • WHO-GMP

Virtual BoothTagoor's product development expertise, backed by our comprehensive understanding of the processes, helps us offer high-quality APIs.

Dexlansoprazole

About the Company : Tagoor Laboratories, established in 2018, is a part of the Tagoor Group. It specializes in providing APIs, advanced intermediates and key starting materials for critical and high-g...

Tagoor Laboratories, established in 2018, is a part of the Tagoor Group. It specializes in providing APIs, advanced intermediates and key starting materials for critical and high-growth therapeutic areas, with an emphasis on affordability, quality and timely delivery. It also provides end-to-end CDMO services. Headquartered in Hyderabad, Tagoor Labs is a fast-growing Indian pharma company that serves both branded and generic companies worldwide. The company’s organizational function includes R&D, supply chain, manufacturing, quality testing, quality assurance, regulatory affairs, marketing & sales, and packaging & warehousing departments.
Tagoor Laboratories

05

Medlab Asia & Asia Health
Not Confirmed
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Dexlansoprazole

About the Company : Aspire group was established in the year 2000 with a motto of quality drug for better health of all. In its journey till date, aspire has developed enormous reputation, consistent ...

Aspire group was established in the year 2000 with a motto of quality drug for better health of all. In its journey till date, aspire has developed enormous reputation, consistent growth, unique technologies and world class quality healthcare products. Aspire is pioneer in manufacturing and sourcing unique healthcare products. True to the statement, “Where the future started yesterday” with a foresight on the current trends in the healthcare market, Aspire has grown from strength combining its research strength, Human resources and well established quality systems. Aspire has crossed numerous milestones in a comparatively short period since its inception.
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06

Medlab Asia & Asia Health
Not Confirmed
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Dexlansoprazole

About the Company : Chemeca Drugs Private Limited was erstwhile M/s. Vegesna Laboratories Pvt Limited. M/s. Vegesna Laboratories Pvt Limited is a Private limited company having its Manufacturing Facil...

Chemeca Drugs Private Limited was erstwhile M/s. Vegesna Laboratories Pvt Limited. M/s. Vegesna Laboratories Pvt Limited is a Private limited company having its Manufacturing Facility Unit at JN Pharmacity, Visakhapatnam established in the year 2008. Vegesna has become synonymous for its quality, deliveries, commitment & transparency making it a dependable & reliable partner to industry majors like DRL, Lupin, SUN PHARMA and Mylan by entering into long term strategic relationship for new products. We also provide contract manufacturing services for APIs and Intermediates.
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07

CHEMO

Spain
Medlab Asia & Asia Health
Not Confirmed
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CHEMO

Spain
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Not Confirmed

Dexlansoprazole

About the Company : More than 35 years of dedication to quality, service and pursuit of excellence, CHEMO was founded by Hugo Sigman, M.D., and Silvia Gold, Biochemist, in Spain (Barcelona), in 1977, ...

More than 35 years of dedication to quality, service and pursuit of excellence, CHEMO was founded by Hugo Sigman, M.D., and Silvia Gold, Biochemist, in Spain (Barcelona), in 1977, and starts business activities trading with pharmaceutical raw materials. In the 80's, the company expanded its operations into the Industrial Business, developing and manufacturing active pharmaceutical ingredients (APIs) in Italy (Industriale Chimica) and in Spain (Quimica Sintetica). In the 90's, CHEMO starts developing and manufacturing high quality and technology finished dosage forms (FDFs).
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08

Cipla

India
Medlab Asia & Asia Health
Not Confirmed
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Cipla

India
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Dexlansoprazole

About the Company : Cipla is a global pharmaceutical company whose goal is ensuring no patient shall be denied access to high quality & affordable medicine and support. Mission: Cipla’s mission i...

Cipla is a global pharmaceutical company whose goal is ensuring no patient shall be denied access to high quality & affordable medicine and support. Mission: Cipla’s mission is to be a leading global healthcare company which uses technology and innovation to meet everyday needs of all patients. Since inception in 1935, caring has been at the core of everything we do at Cipla. For patients, caring is a promise that we will do whatever it takes to ensure they have continued access to the highest quality medicines at affordable prices; whether a disease affects millions or just a few hundreds.
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09

DEAFARMA

Italy
Medlab Asia & Asia Health
Not Confirmed
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DEAFARMA

Italy
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Not Confirmed

Dexlansoprazole

About the Company : In the dinamic pharmaceutical field, DEAFARMA is the reference point for primaries Pharmaceutical Laboratories for over twenty years, even in the national and international territo...

In the dinamic pharmaceutical field, DEAFARMA is the reference point for primaries Pharmaceutical Laboratories for over twenty years, even in the national and international territory. DEAFARMA works with success in the pharmaceutical raw materials field through Agencies and professional relations with the most important European and Asiatic factories. Our partners are well known, reliable producers and all of them are operating in accordance with the latest GMP Rules. The APIs mentioned in the DEAFARMA catalogue are always supported by DMF and/or CEP.
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10

Dipharma

Italy
Medlab Asia & Asia Health
Not Confirmed
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Dipharma

Italy
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Not Confirmed

Dexlansoprazole

About the Company : Dipharma is a leading European manufacturer of Active Pharmaceutical Ingredients that has been developing innovative and proprietary processes since 1949. We support our custome...

Dipharma is a leading European manufacturer of Active Pharmaceutical Ingredients that has been developing innovative and proprietary processes since 1949. We support our customers worldwide with a strong and well resourced R&D team, three cGMP facilities in Europe, and offer world-renowned expertise in handling hazardous chemical processes. Our customers can benefit from our broad portfolio of generic Active Pharmaceutical Ingredients and a wide range of advanced technologies available for custom synthesis. They can rely on the highest quality standards, but it does not stop there, they can count on our experience in innovation.
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11

Medlab Asia & Asia Health
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Dexlansoprazole

About the Company : The Company was incorporated on 19.02.1993 to carry on the business of manufacturing of bulk drugs viz. Omeprazole,Ciprofloxacin, Dichloroflurobenzene, Naproxen, Benzimadizole, etc...

The Company was incorporated on 19.02.1993 to carry on the business of manufacturing of bulk drugs viz. Omeprazole,Ciprofloxacin, Dichloroflurobenzene, Naproxen, Benzimadizole, etc., having its factory at Sadasivpet, Medak District, Hyderabad. The construction activities have started in the year 1994 and the commercial production of the company has started in 1996. Everest Organics has been making constant efforts to provide the best in products and services.
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12

Hetero Drugs

India
Medlab Asia & Asia Health
Not Confirmed
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Hetero Drugs

India
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Not Confirmed

Dexlansoprazole

About the Company : Hetero is a research based global pharmaceutical company focused on development, manufacturing and marketing of Active Pharmaceutical Ingredients (APIs), Intermediate Chemicals & F...

Hetero is a research based global pharmaceutical company focused on development, manufacturing and marketing of Active Pharmaceutical Ingredients (APIs), Intermediate Chemicals & Finished Dosages. Ever since its establishment in 1993, Hetero showed a tradition of excellence and deep sense of commitment in developing cost effective processes to offer wide range of affordable drugs. Hetero is building on the strengths of vertical integration in discovery research, process chemistry, API manufacturing, formulation development and commercialization.
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13

Lee Pharma

India
Medlab Asia & Asia Health
Not Confirmed
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Lee Pharma

India
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Not Confirmed

Dexlansoprazole Sesquihydrate

About the Company : Lee helps you focus on the business results that matter to your company. Over the years, we have leveraged our position in the global market with an enviable list of clients and a ...

Lee helps you focus on the business results that matter to your company. Over the years, we have leveraged our position in the global market with an enviable list of clients and a phenomenal growth rate achieved through product innovation, dedicated teams and timely implementation of solutions. Our success is based on providing a value-added service by adopting a customer-orientated approach. Our corporate independence allows us to respond as fast as possible, gives us a greater flexibility, and enables us to invest in plant and processes.
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14

Medlab Asia & Asia Health
Not Confirmed
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Dexlansoprazole

About the Company : Murli Krishna Pharma Private Ltd. is a young and dynamic drug delivery systems (DDS) company in India that provides a range of effective solutions to optimize the delivery of pharm...

Murli Krishna Pharma Private Ltd. is a young and dynamic drug delivery systems (DDS) company in India that provides a range of effective solutions to optimize the delivery of pharmaceutical products. Our manufacturing plant is approved for GMP Compliance by the WHO and the European Union; Murli Krishna Pharma is equipped to undertake formulation development projects on oral NDDS. Our encapsulation covers micro pellets & this expertise is being extended to the development of nano-particles.
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15

Nifty Labs

India
Medlab Asia & Asia Health
Not Confirmed
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Nifty Labs

India
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Not Confirmed

Dexlansoprazole

About the Company : The company was founded by a technocrat Mr. D. Kesava Reddy in the year 2005. The Managing Director Mr. D. Kesava Reddy along with other three Board of Directors involved in contro...

The company was founded by a technocrat Mr. D. Kesava Reddy in the year 2005. The Managing Director Mr. D. Kesava Reddy along with other three Board of Directors involved in controlling the day to day operations of the company. The company has been focused on manufacturing and marketing of Bulk APIs (Bulk Drugs) and key Intermediates for APIs for Domestic and Global markets. About 60% is catered to domestic market and the rest 40% is catered to exports. The company does have a sister company named “Nifty Pharma Pvt. Ltd. located in Hyderabad focused on manufacturing & marketing of Semi-finished dosage forms.
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16

Medlab Asia & Asia Health
Not Confirmed
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Dexlansoprazole

About the Company : Optimus is one of the fastest-growing pharmaceutical companies with 16 years of experience in providing the best quality of API, Intermediates & Finished formulations in Global mar...

Optimus is one of the fastest-growing pharmaceutical companies with 16 years of experience in providing the best quality of API, Intermediates & Finished formulations in Global markets. Our aim from day one has been to provide and ensure better healthcare across the globe through our research, Innovations, affordable products & manufacturing excellence. Optimus was established to provide quality & affordable pharmaceutical products in the global markets.
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17

Medlab Asia & Asia Health
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Dexlansoprazole

About the Company : Pellets Pharma Limited is a fast growing organization established by a team of professionals with over decades of experience in the pharmaceutical industry with specific reference ...

Pellets Pharma Limited is a fast growing organization established by a team of professionals with over decades of experience in the pharmaceutical industry with specific reference to the development and manufacture of various modified release solid oral dosage forms. The company’s forte is the customized development and manufacturing of Modified Release Pellets / Retard Micro Granules of various Active Pharmaceutical Ingredients (APIs) including different combination blends in Ready - To - Fill form. The facility is designed to meet the regulatory requirements inline with the cGMP norms.
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18

Medlab Asia & Asia Health
Not Confirmed
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Dexlansoprazole

About the Company : Pellets Pharma Limited is a fast growing organization established by a team of professionals with over decades of experience in the pharmaceutical industry with specific reference ...

Pellets Pharma Limited is a fast growing organization established by a team of professionals with over decades of experience in the pharmaceutical industry with specific reference to the development and manufacture of various modified release solid oral dosage forms. The company’s forte is the customized development and manufacturing of Modified Release Pellets / Retard Micro Granules of various Active Pharmaceutical Ingredients (APIs) including different combination blends in Ready - To - Fill form. The facility is designed to meet the regulatory requirements inline with the cGMP norms.
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19

Medlab Asia & Asia Health
Not Confirmed
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Dexlansoprazole

About the Company : Pellsys Pharma drives a new era of Value based Pharmaceutical deliverables. It is well recognized that several explicit, transparent, and consistent Production Standards including ...

Pellsys Pharma drives a new era of Value based Pharmaceutical deliverables. It is well recognized that several explicit, transparent, and consistent Production Standards including Quality aspects are in Vogue here. Pellsys provides Superior Quality of pharmaceuticals where Clients are fully satisfied, The employees are proud of, and Stakeholders are Strategic Oriented.The Pellsys manufacturing facility – Machinery, plant and Warehousing exceeds GMP – Schedule M guidelines.Pellsys facilities are Company Owned over a 30,000+ SFT, Uber Modern structures with redundant facilities.
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20

Medlab Asia & Asia Health
Not Confirmed
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Dexlansoprazole

About the Company : Piramal Pharma Solutions (PPS) is a CDMO that provides end-to-end solutions for drug development and manufacturing across the drug life cycle to its clients in North America, Europ...

Piramal Pharma Solutions (PPS) is a CDMO that provides end-to-end solutions for drug development and manufacturing across the drug life cycle to its clients in North America, Europe and Asia through a globally integrated network of facilities. It offers a range of services from drug discovery to commercial supply of APIs and finished dosage forms, along with specialized services like HPAPIs, antibody drug conjugations, sterile fill/finish, peptide products and services and potent solid oral drug products. PPS also provides services for biologics, including vaccines, gene therapies and monoclonal antibodies through its subsidiary Yapan Bio.
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21

Medlab Asia & Asia Health
Not Confirmed
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Dexlansoprazole

About the Company : Indian Pharmaceutical Company, Precise Group is emerging as a global player in several verticals in healthcare. The Mumbai based drug manufacturing company’s strength lies in a s...

Indian Pharmaceutical Company, Precise Group is emerging as a global player in several verticals in healthcare. The Mumbai based drug manufacturing company’s strength lies in a strong network of industry professionals who care capable of handling the development of APIs, several Ready-to-fill Pellets and other intermediates, and chemicals. The company’s influence has a universal reach coordinating with multi-levels of global healthcare service providers for generic drugs. It holds a valued equity in niche pharma sectors in USA, Europe and Africa. Precise Group’s business encompasses the protection of the interest of their shareholders, is complaint with international regulatory bodies and meets the protocol favored in any region as a pharma suppler spanning developed and new markets. The technologically advanced manufacturing hub near Mumbai conducts manufacturing programs to sustain quality drugs at cost effect prices.
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22

Medlab Asia & Asia Health
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Dexlansoprazole

About the Company : Qualitek pharma is the one of selected few companies in India with dedicated state of art facilities for producing best quality Sustained and Modified Release Pellets, Taste Masked...

Qualitek pharma is the one of selected few companies in India with dedicated state of art facilities for producing best quality Sustained and Modified Release Pellets, Taste Masked Granules. Qualitek pharma was established in the year 2005. Today Qualitek pharma has a manufacturing facility within the premises of Pharmaceuticals hub of Hyderabad.
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23

Raks Pharma

India
Medlab Asia & Asia Health
Not Confirmed
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Raks Pharma

India
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Dexlansoprazole

About the Company : Founded by a group of highly committed Technocrats in year 2009, today Raks Pharma is a partner of choice for pharmaceutical companies across the globe to source Active Pharmaceuti...

Founded by a group of highly committed Technocrats in year 2009, today Raks Pharma is a partner of choice for pharmaceutical companies across the globe to source Active Pharmaceuticals Ingredients and their intermediates. Till date the company has invested around US $ 50M and has filed 23 US DMFs and 1 CEP with US and European Authority's respectively. The manufacturing facility is also approved by USFDA and WHO. We at Raks are dedicated to develop and manufacture active pharmaceutical ingredients and intermediates. We are committed to create value through intellectual property, quality systems and customer relation across the globe.
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24

Medlab Asia & Asia Health
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Dexlansoprazole

About the Company : Smilax Laboratories Limited is a research-driven, vertically integrated pharmaceutical company manufacturing Active Pharmaceutical Ingredients, API Intermediates and NDDS/Pellets f...

Smilax Laboratories Limited is a research-driven, vertically integrated pharmaceutical company manufacturing Active Pharmaceutical Ingredients, API Intermediates and NDDS/Pellets for the generics market across the world. Set up in 2005, Smilax has emerged a reliable supplier of generic products in the global market today. Set up in 2005, Smilax has emerged a reliable supplier of generic products in the global market today.Set up in 2005, Smilax has emerged a reliable supplier of generic products in the global market today. Smilax manufactures APIs and API Intermediates at its state-of-the-art manufacturing facilities located at Hyderabad, Telangana and Visakhapatnam, Andhra Pradesh, India. Supported by a highly qualified and competent technical team, and endowed with strengths in research and development, Smilax continues to expand its presence in the world of pharmaceuticals.
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25

Medlab Asia & Asia Health
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Dexlansoprazole

About the Company : Spansules started in 2000 & now it is one of the leading pellets manufacturing pharmaceutical company with manufacturing facilities and R&D facilities spearheading landmark researc...

Spansules started in 2000 & now it is one of the leading pellets manufacturing pharmaceutical company with manufacturing facilities and R&D facilities spearheading landmark research in the area of Formulation Development. Spansules is a WHO-GMP Certified Company with manufacturing practices and facilities that conform to that every Spansules product meets the most stringent quality standards. With all manufacturing facilities being supported by excellent infrastructure and compliance to the GMP requirements, Spansules has crossed numerous milestones in a comparatively short period of time.
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26

Medlab Asia & Asia Health
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Dexlansoprazole

About the Company : Srini Pharmaceuticals Pvt. Ltd., was established in 1995. USFDA, TGA and KFDA approved fully integrated global pharmaceutical company, located just about 60 KM's away from the Phar...

Srini Pharmaceuticals Pvt. Ltd., was established in 1995. USFDA, TGA and KFDA approved fully integrated global pharmaceutical company, located just about 60 KM's away from the Pharma Capital of India, Hyderabad. Our manufacturing facility has five fully equipped production blocks with most efficient functional utilities with multiple clean rooms having the ability to produce 10 API's at a time, supported by central quality control laborites with all sophisticated instruments by maintaining complete QMS.
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27

Medlab Asia & Asia Health
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Dexlansoprazole

About the Company : Titan Laboratories is leading EU GMP approved Site for Sustained and Modified Release Pellets, Direct Compressible Granules, Tablets & Capsules.Our major focus in EU market is for1...

Titan Laboratories is leading EU GMP approved Site for Sustained and Modified Release Pellets, Direct Compressible Granules, Tablets & Capsules.Our major focus in EU market is for1) CONTRACT MANUFACTURING SERVICES:-> As approved Dossier Manufacturer.-> Site variation basis.-> cGMP pilot batch for BE/BA or Clinical Studies.2) CONTRACT RESEARCH SERVICES:-> Product Development - Generic Equivalent, Novel Sustained & Combination Products-> Method Development & Validation-> Dossier Preparation-> Stability Studies
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28

Medlab Asia & Asia Health
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Dexlansoprazole

About the Company : VASUDHA PHARMA CHEM LIMITED was incorporated, as a public limited company under the Companies Act, 1956 in 1994-95 at Hyderabad in the state of Telangana, India. The company is eng...

VASUDHA PHARMA CHEM LIMITED was incorporated, as a public limited company under the Companies Act, 1956 in 1994-95 at Hyderabad in the state of Telangana, India. The company is engaged in the manufacturing of Active Pharmaceutical Ingredients (APIs), Pharma Intermediates for catering to the Global market. Initially, the focus was on the development of cost effective processes for several intermediates related to piperidone & piperidine derivatives. By 2003-04, the company gained world class expertise and became the largest manufacturer of piperidone & piperidine derivatives in the world.
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29

Medlab Asia & Asia Health
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Dexlansoprazole

About the Company : Waterstone is an international pharmaceutical company with its main operations in China. The company is focused in discovery, development and commercialization of innovative drug...

Waterstone is an international pharmaceutical company with its main operations in China. The company is focused in discovery, development and commercialization of innovative drugs for the treatment of liver and gastrointestinal diseases. With venture capital investments from internationally well-known firms such as BAR Capital, CID Group, Orbimed, and Acorn Camps, the company has established fully integrated capabilities from R&D, API & Finished Drug Product manufacturing to sales/marketing. The company has a strong management team with cross-border experience and advisors with expertise in drug discovery, regulatory, and GMP manufacturing. On top of the forty marked drugs in China, the company has also built a rich pipeline including Drug Master Files with U.S. FDA , candidates in phase II/III clinical tries with cFDA, and several novel preclinical stage antiviral and oncology candidates
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30

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Dexlansoprazole

About the Company : Incepted in 1989, Zim has made a significant mark as a maverick pharma innovator. Throughout all these years constantly penetrating newer areas of pharmaceutical technology and bus...

Incepted in 1989, Zim has made a significant mark as a maverick pharma innovator. Throughout all these years constantly penetrating newer areas of pharmaceutical technology and business, Zim has established itself as one of the preferred healthcare solution provider in the field of new drug delivery systems. Headquartered in central India, in the industrial belt of Nagpur, we are a WHO GMP certified and ISO 9001:2008 accredited company supported by an excellent team of professionals and we have sufficient capacity to meet large requirements for different market segments. We are engaged in research and development, manufacturing, distribution and marketing of pharmaceutical dosage forms such as tablets, capsules, pellets, multi-particulate systems, dry syrups, directly compressible granules, taste masked powders, granules and orally disintegrating strips. At Zim we believe in constant innovation. We have earned appreciation for quality products and prompt services by domestic and international clients. Our business strategy is to innovate and deliver high-throughput technology based niche products. Zim is known in diverse, high-growth, niche markets, for institutional and pre-formulation intermediate businesses.
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