Rubicon Research

Rubicon Research is an Indian pharmaceutical company located in Mumbai.

The company has its corporate headquarters and R&D center in Thane, India, an R&D center in Concord, Canada, manufacturing plants located in Ambernath, Satara and Pithampur, India, and a regulatory office in East Windsor, US.

History

Rubicon Research was founded in 1999 by Pratibha Pilgaonkar, Sudhir Pilgaonkar, and Maharukh Rustomjee. In 2000 it started operations as an independent product development company, located in Bhandup, Mumbai, with three scientists in a 2000 sqft laboratory. It became an outsourcing partner to the global healthcare and pharmaceutical industry. In 2003, the Directorate of Science and Technology, Government of India approved the facilities as a commercial Research and Development (R&D) company.

In 2006-07 Rubicon licensed its Orodispersible excipient, RubiODT to Mallinckrodt Baker, Inc.[1]

In 2009 the company commission an oral solids manufacturing plant in Ambernath, India. Rubicon Research started its commercial manufacturing and shipments to the US and Europe in 2015.

In 2012 Rubicon Research signed an agreement with Avantor Performance Materials to develop and market a novel gastro-retentive excipient that enables the delivery of molecules with a window of absorption.[2][3]

In 2016, in Series B funding, the private equity firm Everstone Capital Asia bought out the stakes of Kotak Private Equity and Maharukh Rustomjee.[4][5]

In 2019, Rubicon Research received a USD 100 million growth capital commitment from General Atlantic[6][7] and acquired 15 ANDAs to augment its generic portfolio.[8][9]

In 2020 Rubicon Research Private Limited acquired Impopharma Canada Limited with operations in Ontario, Canada, expanding its global development network, and established Rubicon Research Canada Ltd.[10][11] The Canadian development facility specializes in the development and testing of pulmonary and nasal drug delivery systems and ophthalmic, otic, and dermal products.

In 2021 the company launched two subsidiaries—Rubicon Consumer Healthcare and Rubicon Academy.[12]

In July 2021, Rubicon Research announced the acquisition of Meditab Specialities Limited’s oral liquid dosage and nasal product manufacturing facility located in Satara, Maharashtra.[13][14][15] Meditab Specialities Limited is a wholly owned subsidiary of Cipla.[16][17]

References

  1. Pharmaceutical online : Mallinckrodt Baker And Rubicon Research Sign Agreement For Performance Excipient Development^
  2. Avantor, Rubicon Research Collaborate on Functional Excipient Development Drug Discovery and Development, 2012-10-16, retrieved 2021-04-29^
  3. Avantor and Rubicon Research to collaborate on novel excipients www.manufacturingchemist.com, retrieved 2021-04-29^
  4. Everstone buys Mumbai-based drug tech firm Rubicon for Rs 220-crore The Economic Times, retrieved 2021-05-12^
  5. Everstone buys majority stake in Rubicon Research; Kotak PE exits VCCircle, 2016-10-24, retrieved 2021-05-12^
  6. Rubicon Research and General Atlantic Announce Strategic Partnership General Atlantic, retrieved 2021-05-12^
  7. Swaraj Singh Dhanjal. General Atlantic to invest $100 million in Rubicon mint, 2019-04-08, retrieved 2021-05-12^
  8. General Atlantic acquires significant shareholding in Rubicon Research The Financial Express, 2019-04-09, retrieved 2021-05-12^
  9. Everstone scores one of its best exits as General Atlantic strikes a control deal VCCircle, 2019-04-01, retrieved 2021-05-12^
  10. Rubicon Research Acquires Impopharma Canada www.businesswire.com, 2020-01-07, retrieved 2021-05-12^
  11. Rubicon Research Acquires Impopharma Canada financialpost, retrieved 2021-05-12^
  12. COVID-19 has made online learning a credible source of education Express Pharma, 2020-10-14, retrieved 2021-05-12^
  13. Rubicon Research acquires Satara facility of Meditab Specialities www.outlookindia.com/, retrieved 2021-08-24^
  14. Livemint. General Atlantic-led Rubicon Research acquires Meditab Specialities mint, 2021-07-09, retrieved 2021-08-24^
  15. Rubicon Research acquires Satara facility of Meditab Specialities The Economic Times, retrieved 2021-08-24^
  16. Rubicon Research acquires MeditabSpecialities’ facility in Satara, Maharashtra Express Pharma, 2021-07-09, retrieved 2021-08-24^
  17. Rubicon Research acquires Cipla arm’s oral liquid, nasal product unit The Hindu, 2021-07-09, retrieved 2021-08-24^