The Searle Company Private Limited, one of the leading pharmaceutical companies in the country has rejected reports stating that it has installed a manufacturing unit of British multinational Reckitt Benckiser in Pakistan.

“We would like to inform that the news/rumour spread via social media regarding the likelihood of the Searl Company Limited to install manufacturing unit of Reckitt Benckiser locally,” the company said in a statement on Thursday.

It added that currently the company has not entered into any kind of contractual arrangement with Reckitt Benckiser.

It is pertinent to inform that Searle Company Limited was established in 1965 as a private limited company. It was converted into a public limited company in 1993. International Brands Limited holds 56.6 percent of Searle Company, making former the holding company. The company has three manufacturing plants located in Karachi and Lahore apart from several other warehouses and storage facilities.

It principally operates in the pharmaceutical industry and its product portfolio primarily consists of medicinal products ranging in the following categories, some of which include Antibiotics, Cardiovascular, Gastrointestinal, Nutrition, Oncology, Neurology and Psychiatry, etc.