Novo Nordisk has agreed to buy ocedurenone, a drug for uncontrolled hypertension with potential application in cardiovascular and kidney disease, from KBP Biosciences for up to $1.3 billion, the Danish drugmaker said on...
Drug retailer Rite Aid files for bankruptcy, gets $3.45 bln commitment
Rite Aid filed for Chapter 11 bankruptcy on Sunday, a move that would halt lawsuits the drugstore chain is facing over its alleged role in the U.S. opioid crisis and named a new CEO. Rite Aid said it has received a...
Amgen completes $27.8 billion Horizon Therapeutics deal
Amgen said it had completed the $27.8 billion acquisition of Horizon Therapeutics after it received the go-ahead from the U.S. Federal Trade Commission (FTC) last month on certain conditions. Under the settlement terms...
GSK to sell 2.9% stake in former consumer healthcare business Haleon
British drugmaker GSK said it intends to sell a 2.9% stake, or about 270 million shares, in its spun-off consumer healthcare business Haleon. The sale will bring down GSK’s current 10.3% holding in the Sensodyne...
Bessemer, IFC looking to sell 30% stake in dialysis chain NephroPlus
A clutch of investors is exploring sale of their stakes in India’s largest dialysis chain, NephroPlus, valuing the chain at ‘1,800-2,000 crore ($200-250 million). The US-based Bessemer Venture Partners (BVP)...
Norwest set to buy 40% in Regency Health for ‘600 cr
Norwest Venture Partners is close to buying a 40% stake in Regency Healthcare for up to ₹600 crore in a deal that will involve both an expansion of the equity base and transfer of existing shares to the Wells Fargo...
UK regulator clears $1.52 billion UnitedHealth-EMIS deal
Britain’s competition regulator said on Friday it has cleared UnitedHealth Group’s 1.24 billion-pound ($1.52 billion) acquisition of healthcare technology firm EMIS. The Competition and Markets Authority...
Mubadala, Brunei may pick up stake in Manipal Health
Temasek Holdings is in talks with several sovereign funds, including Abu Dhabi’s Mubadala Investment Co. and Brunei Investment Agency, to pare its stake in Manipal Health Enterprises Ltd to de-risk its holdings, two...
CCI approves Blackstone, TPG stake buy in Quality Care India
Anti-trust watchdog Competition Commission of India (CCI) said it has approved the stake acquisition by Blackstone and TPG in Quality Care India Ltd (QCIL). QCIL is a multi-speciality healthcare provider, which operates...
Manipal completes Kolkata’s AMRI Hospitals acquisition
Manipal Hospitals, the second-largest hospital chain in India, has completed its acquisition of 84% stake in AMRI Hospitals Ltd. The acquisition fits into the growth strategy of Manipal Hospitals to have a larger...
Neuberg Diagnostics completes ARL, Supratech merger, IPO in works
Neuberg Diagnostics Pvt Ltd has completed the merger of Neuberg Supratech Reference Laboratory, Ahmedabad, and Neuberg Anand Reference Laboratory, Bengaluru, thereby setting the ball rolling for its IPO plans, the...
Boston Scientific to buy chronic back pain therapy maker Relievant
Medical devices maker Boston Scientific said it would buy private medical tech company Relievant Medsystems for an upfront cash payment of $850 million, gaining access to an FDA-cleared therapy for chronic pain. The...
