RIL said late on Tuesday that its retail unit has acquired a majority equity stake in online pharma company Netmeds for around Rs 620 crore, directly taking on Amazon which forayed into the e-pharmacy business last week...
Medlife, PharmEasy agree to merge; deal may be valued at over $1 bn
E-health companies Medlife and PharmEasy have agreed for a merger, according to the filings submitted by the companies to the Competition Commission of India (CCI). The proposed combination relates to the acquisition of...
Gates, Gavi in tie-up with Serum Institute
The Bill and Melinda Gates Foundation, along with Gavi-The Vaccine Alliance, will provide at-risk funding of $150 million to Serum Institute of India to support the production of two promising vaccines by University of...
Teladoc bets big on online medicine with $18.5 billion Livongo deal
Teladoc Health Inc has agreed to buy chronic care provider Livongo Health Inc in a deal valuing the company at $18.5 billion, betting on a boom in online care and consultations spurred by the coronavirus crisis. The...
Munich Re sells 1.72% stake in Apollo Hospitals for Rs 383.64 crore
Munich Re has sold shares worth Rs 380 crore in Apollo Hospitals. According to BSE bulk deal data, Munchener Ruckversicherungsgesellschaft Aktiengesellschaft in Munchen (Munich Re) sold 2,397,380 shares or 1.72 per cent...
Siemens Healthineers to acquire Varian Medical Systems for $16.4 billion
German health group Siemens Healthineers said on Sunday it would acquire Varian Medical Systems Inc in a deal that values the U.S. maker of devices and software for cancer treatments at $16.4 billion. Under the agreed...
Davidson Kempner ups stake in Qiagen to 7.3%
Hedge fund Davidson Kempner has raised its stake in takeover target Qiagen to 7.3% from 5.1% previously, having rejected a sweetened offer for the German group from U.S. laboratory equipment supplier Thermo Fisher...
Brazil’s Dimed and shareholders in $203 million share offer: filing
Brazil’s Dimed SA and its existing shareholders raised 1.037 billion reais ($202.57 million) in a share offering, the drug distribution company said in a securities filing in the early hours of Thursday. Reuters...
Brazil drugstore chain d1000 plans to raise $82 million in IPO
Brazilian drugstore chain d1000 plans to raise roughly 439.2 million reais ($82.38 million) in an initial public offering, according to a securities filing late on Thursday. The company set the IPO price range at...
Thermo Fisher’s sweetened Qiagen bid fails to win over key investor
Thermo Fisher Scientific raised its bid for Qiagen by 900 million euros ($1 billion) on Thursday but failed to win over a key investor who is seeking a higher price for the German genetic test maker. The U.S. laboratory...
J&J in talks with Japan, Gates Foundation to lock in deals on COVID-19 vaccine
Johnson & Johnson is in talks with the government of Japan and the Bill and Melinda Gates Foundation about locking up allocations of its potential COVID-19 vaccine as it prepares to kick off human trials, the...
CCI approves Aceso’s acquisition of 58.92% stake in HealthCare Global Enterprises
The Competition Commission on Wednesday said it has given its nod to Aceso Company Pte Ltd’s acquisition of 58.92 per cent stake in HealthCare Global Enterprises Ltd. NSE 0.21 % According to the combination notice...
