Inwinex Pharmaceuticals, incorporated in 1995, is engaged in the manufacture of pharmaceuticals. Earlier known as Inwinex Laboratories, it got its present name on March 2, 2007.
The company has been incurring losses for past couple of years on account of partial shutdown of the factory for renovation and inadequate working capital facilities. The factory, located at Hyderabad in Andhra Pradesh, has been completely shut down since April 12, 2006 due to inadequacy of working capital.
In 2000, company decided to hive-off the bulk drug unit and diversify into software related activities by changing the main clause. And in 2001, the company has signed an agreement with CDSL, NSDL and Venture Capital and Corporate Investment for dematerialization.
Business areas of the company:
The company manufactures antibiotics, norfloxacin, pefloxacin, enrofloxacin and electrolyte supplements.