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Cipla to acquire stake in VC-backed digital therapeutics startup Wellthy

February 18, 2019 / Binu Paul
SHARESHARESHARE

Cipla Ltd has agreed to acquire an 11.71 % stake in health-tech startup Wellthy Therapeutics Pvt. Ltd for Rs 10.5 crore ($1.5 million), India's third-largest drugmaker said on Monday.As part of the agreement, the two companies will offer a combination of pharmacotherapy and digital therapeutics for improved patient outcomes in the chronic therapies of diabetology and cardiology, Cipla said in a stock-exchange filing."By pairing our pharmacotherapy strengths with the digital approach to healthcare taken by Wellthy Therapeutics, Cipla will add to its diversified portfolio in the cardio-metabolic area to provide holistic care to patients from awareness, diagnosis and compliance to wellbeing," said Umang Vohra, managing director and global CEO at Cipla.