Novartis said it has agreed to acquire U.S. biotech firm Chinook Therapeutics for up to $3.5 billion to boost its late-stage drug development line-up, raising the stakes in the race for a rare kidney disease treatment...
Temasek-backed firms buy stake in VIVA Biotech unit ahead of listing
Entities backed by Singapore’s Temasek and Chinese investment firm HighLight Capital agreed to a deal worth 1.06 billion yuan ($148.7 million) for stakes in a unit of VIVA Biotech Holdings, the pharmaceutical...
Bain Capital acquires specialty chemicals maker Porus Labs
Private equity firm Bain Capital has acquired Hyderabad-based Porus Laboratories as part of its strategy to expand its portfolio of investments in the specialty chemicals sector. Financial details of the deal were not...
Online healthcare portal WebMD to acquire ASX-listed Limeade
ASX-listed Limeade said it will be acquired by WebMD in an all-cash deal with an enterprise value of A$112 million ($75.21 million). Shareholders of the U.S.-based software-as-a-service firm will receive A$0.425 per...
Competition Commission approves deal involving Manipal Group
The Competition Commission of India (CCI) said it has cleared the proposed deal involving Manipal Health Enterprises Pvt Ltd and Manipal Education and Medical Group India Pvt Ltd (MEMG India). Manipal Health Enterprises...
Baring, Blackstone, 3 others in fray to acquire Indira IVF
Baring PE Asia EQT, Blackstone, Bain Capital, Advent International and TPG Capital have submitted non-binding bids to acquire a majority stake in India’s largest fertility clinic chain, Indira IVF, said people...
UnitedHealth offers over $3 bln for home health firm Amedisys
UnitedHealth Group made a surprise $3.26 billion all-cash offer to acquire Amedisys Inc, pitting itself against another healthcare company set to buy the home health and hospice care firm. Interest in the home health...
Novo Nordisk in talks buy controlling stake in Biocorp
Danish drug developer Novo Nordisk said it had started talks to buy a controlling stake in French medical device designer Biocorp. The Danish company said it had entered into exclusive negotiations with Bio Jag...
Apollo Hospitals plans digital arm stake sale
Apollo Hospitals is planning to raise around $200 million in equity this fiscal year by selling stake in Apollo HealthCo, its omnichannel healthcare platform. The Chennai-based healthcare group is planning to sell...
GenesisCare files for bankruptcy in Texas, seeks to sell US business
Cancer treatment company GenesisCare filed for U.S. bankruptcy protection in Texas on Thursday, seeking to sell its U.S. business and refocus on its operations in Australia, Spain and the U.K. GenesisCare, based in...
Johnson Matthey plans to sell medical device unit – Bloomberg News
British autocatalyst maker Johnson Matthey is planning to sell its medical device components business as the company looks to streamline its portfolio of assets, Bloomberg News reported on Wednesday. The sale could...
MedGenome, backed by Sequoia Capital, acquires Delhi-NCR based Prognosis Laboratories
MedGenome acquired Delhi-NCR-based diagnostic lab Prognosis Laboratories. The financial details of the acquisition were not disclosed. The acquisition will help Bengaluru-based MedGenome to accelerate growth and...
