The story
Founded by Khwaja Abdul Hamied in 1935.1
After meeting Mahatma Gandhi in the early 1920s, Khwaja Abdul Hamied decided to contribute to the Swadeshi movement by pursuing a doctorate in chemistry. In 1935, Hamied founded Cipla as the Chemical, Industrial & Pharmaceutical Laboratories in Mumbai. During World War II, the company became the largest supplier of quinine and Vitamin B12 for Allied soldiers. The company name shortened to its current form in July 1984. Upon Hamied's death in 1972, his son Yusuf Hamied, a Cambridge-educated chemist, took over the company.
In 1995, Cipla launched Deferiprone, the world's first oral iron chelator. In 1999, Cipla joined the Indian Pharmaceutical Alliance as a founding member in an effort to promote the development of generic drugs in India. During the AIDS epidemic in the early 2000s, Hamied reverse-engineered a three-drug antiretroviral medication that was sold for about $12,000 per year to create a cheaper version that sold for $304 per year. This drug was sold to African charities and governments. It is estimated that "at one time, as much as 40 percent of the AIDS patients in poor countries took Cipla drugs".
During the avian flu pandemic in 2006, Cipla was able to reverse-engineer the drug Tamiflu and sell it for significantly lower prices. In 2013, Cipla acquired the South African company Cipla-Medpro. Its name was changed to Cipla Medpro South Africa Limited and was kept as a subsidiary. At the time of the acquisition, Cipla-Medpro had been a distribution partner for Cipla and was South Africa's third-biggest pharmaceutical company. The company had been founded in 2002 under the name Enaleni Pharmaceuticals Ltd. In 2005, Enaleni bought all the shares of Cipla-Medpro, which had been a joint venture between Cipla and Medpro Pharmaceuticals, a South African generics company; in 2008, it changed its name to Cipla-Medpro. In September 2023, it was announced Cipla South Africa had acquired the Midrand-headquartered healthcare products manufacturer, Actor Pharma.
In September 2015, Cipla acquired InvaGen Pharmaceuticals and Exelan Pharmaceuticals, two American pharmaceutical companies, for 555 million dollars. In 2019, Cipla entered digital therapeutics by partnering with Wellthy Therapeutics in India and Brandmed in South Africa. In April 2024, Cipla acquired Ivia Beaute Pvt Ltd's cosmetics and personal care distribution and marketing business for ₹130 crore.
From Wikipedia’s article on Cipla, shared under CC BY-SA 4.0.5