Handa Pharmaceuticals, Inc. was formerly known as Pharmira Laboratories, Inc. To expand upon product research and development (R&D) capabilities, create plans for global marketing, and achieve the goals of international R&D and sales, Pharmira carried out cash acquisition of Handa Pharmaceuticals, LLC (Handa US) in February 2016. The original shareholders of Handa US then participated in capital increase of Pharmira, and after evaluating global and after reviewing global positioning and future business development, this company, following approval, renamed itself Handa Pharmaceuticals, Inc.