Alembic Pharmaceuticals Ltd. initially began as Alembic Chemical Works where it started manufacturing tincture and alcohol at its unit at Vadodara in 1907. The company eventually entered into manufacturing cough syrups, vitamins, tonics and sulphur drugs. Further, Alembic entered into production of penicillin in the 1960s. This dedicated Alembic plant for the manufacture of penicillin was inaugurated by Lal Bahadur Shastri in the year 1961, the then Prime Minister of India. Alembic soon also initiated bulk production of vitamin B12. In the antibiotic section, soon after initiation of penicillin manufacture, Alembic began the production of erythromycin in 1971 for first time in India. Alembic also incorporated and launched the 'Althrocin' brand of erythromycin. In the year, 1997, Althrocin became the top selling brand of erythromycin in India.
In 2000, Alembic received ISO 14000 certification for its Vadodara facility.In 2010, Alembic Pharmaceutical Ltd. demerged from Alembic Ltd. subsequent to the allotment of 133,515,914 equity shares of ?2 each to the shareholders of Alembic Ltd. This made the shareholding of Alembic Ltd. in Alembic Pharmaceutical to reduce from 100% to 29.18%.In 2011, the equity shares of Alembic Pharmaceuticals Ltd. were listed on the Bombay Stock Exchange and National Stock Exchange of India.
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