Pfizer Inc will stop producing biosimilar products in China and sell a unit in the eastern city of Hangzhou to WuXi Biologics Inc, the U.S. drugmaker said on Wednesday. The pharmaceutical industry increasingly relies on...
Pfizer to halt biosimilar output in China, sell assets to WuXi Biologics
Pfizer Inc has decided to stop producing biosimilar products in China and sell a unit in the eastern city of Hangzhou to WuXi Biologics Inc, the U.S. drugmaker said on Wednesday. The pharmaceutical industry increasingly...
Roche to buy US firm GenMark Diagnostics for $1.8 bn
Swiss pharma giant Roche said Monday it is buying US firm GenMark Diagnostics for $1.8 billion (1.5 billion euros). GenMark, based in California, makes molecular tests that can establish the presence of several...
AbbVie in talks to sell $5 billion women’s drugs portfolio – sources
U.S. drugmaker AbbVie Inc is in discussions to sell a roughly $5 billion portfolio of women’s drugs acquired last year through its $63 billion purchase of Botox maker Allergan Plc, sources familiar with the matter told...
Brazil’s DASA says subsidiary Impar to acquire two medical groups
Brazilian listed medical services firm Diagnósticos da América SA, known as DASA, said on Monday that the board of the company has approved a proposed acquisition of two rival medical companies. According to the filing...
CVC enters exclusive talks to buy control of pharma firm Cooper Consumer Health
CVC Capital Partners has entered exclusive talks to acquire control of European over-the-counter drugmaker Cooper Consumer Health. The buyout firm is negotiating the purchase of a majority stake in Paris-based Cooper...
Cardinal Health to sell Cordis medical device business in $1 billion deal
Cardinal Health Inc will sell its Cordis medical device business to private equity firm Hellman & Friedman in a deal valued at about $1 billion, the drug distributor said on Friday. The sale of the unit acquired in...
Max Healthcare raises ₹1,200 cr via QIP issue route
Max Healthcare Institute Ltd (MHC) on Wednesday said it has raised ₹1,200 crore via issue of securities. The company, which is the country’s second largest private hospital chain, has raised the capital...
Medical startup Ambulnz to go public in $1.1 billion SPAC merger deal
Mobile medical services provider Ambulnz will go public through a merger with a special purpose acquisition company (SPAC) in a deal that values the equity of the merged entity at $1.1 billion, the companies said on...
Health chain Aster plans $400 mn bond sale, India expansion
Aster DM Healthcare Ltd., a Dubai-based operator of hospitals and pharmacies that’s expanding across India, is revisiting a potential sale of dollar bonds after pushing back a planned issuance last year. Aster, which...
General Atlantic to sell 18% stake in KIMS Hospitals
US-based private equity firm General Atlantic is looking to sell nearly half of its stake in Hyderabad-headquartered multi-disciplinary healthcare services provider Krishna Institute of Medical Sciences (KIMS...
eBay India partners with Kerala Ayurveda
E-commerce major eBay has partnered with Kerala Ayurveda that will allow the latter to build an exclusive showcase of its authentic Ayurvedic products on the online platform. This will also allow Kerala Ayurveda to...
