Wockhardt incorporates new step-down subsidiary in Ireland

, the pharmaceuticals major, on Tuesday, April 8, said that it incorporated a new step-down subsidiary, Wockhardt Antibiotics Ltd, in Ireland, with a capital of 100 euros. The regulatory filing said that “Wockhardt Bio AG, a subsidiary of the company, has incorporated a new wholly owned subsidiary in Ireland by the name Wockhardt Antibiotics (Ireland) Limited. Consequent to the incorporation, Wockhardt Antibiotics (Ireland) Limited has become a step-down subsidiary of the company.” Wockhardt Bio AG will hold 100% of the shares in Wockhardt Antibiotics Ltd.