Private equity investors, including US-based Advent International and home-grown fund Kedaara Capital, are in initial talks to acquire Sequent Scientific Ltd, India’s largest animal healthcare company. In this...
Eli Lilly to add eczema drug with $1.1 billion deal for Dermira
Eli Lilly and Co said on Friday it would buy skin disease specialist Dermira Inc for about $1.1 billion in cash, bolstering its arsenal with an experimental therapy for skin condition atopic dermatitis. Lilly will pay...
US-based Syneos invests in healthtech firm Indegene’s unit
American biopharmaceutical solutions company Syneos Health has invested an undisclosed amount in Indegene Omnipresence Inc., a subsidiary of Bengaluru-based healthtech firm Indegene, the company said. According to a...
Investors sell shares worth $490 million in troubled NMC Health
Two investors of NMC Health Plc are selling shares worth 374 million pounds ($490 million) in the healthcare group, a bookrunner for the deal said on Tuesday, weeks after short-selling firm Muddy Waters questioned the...
Manipal-TPG in Rs 2k cr deal talks for Columbia Asia’s India assets
A consortium of Manipal Hospitals and TPG Capital Management has emerged as the front runner to acquire Seattle-based healthcare chain Columbia Asia’s Indian hospital assets in a Rs 2,000 crore deal, said people...
NZ’s Metlifecare backs sweetened $996 million buyout offer from Sweden’s EQT
Metlifecare Ltd on Monday backed a sweetened NZ$1.49 billion ($996.07 million) buyout offer from Swedish private equity firm EQT AB after a property market slump and climbing construction costs eroded its bottom line...
Piramal Enterprises to raise ₹2,750 crore by issuing bonds
Piramal Enterprises said on Wednesday that it will raise up to ₹2,750 crore by issuing bonds on private placement basis. “A meeting of the administrative committee of the board of directors will be held on...
Qiagen decides against sale following review, shares fall
Genetic testing firm Qiagen NV said on Tuesday it has concluded a review of potential alternatives, including a sale of the company, and determined that continuing to be a stand-alone business is its best option. The...
J&J to buy remaining stake in Verb Surgical to strengthen digital surgery portfolio
Johnson & Johnson said on Friday it would acquire the remaining stake in Verb Surgical Inc, from Verily, Alphabet Inc’s life sciences division. Bolstering its Ethicon unit, which makes surgical equipment, J&J in...
Dr. Agarwal’s raises Rs 215 crore from CDC Group
Chennai-based eye care chain Dr. Agarwal’s Group of Eye Hospitals has raised Rs 215 crore in structured debt from the UK Government’s developmental finance arm CDC Group to power its Rs 500-cr expansion plan over the...
Healthcare startup Pristyn Care raises $12 million led by Sequoia India, others
Healthcare startup Pristyn Care on Wednesday said it has raised $12 million in a Series B funding round led by Sequoia Capital India, Hummingbird Ventures, Greenoaks Capital and AngelList. Founded in 2018 by Harsimarbir...
Danaher wins conditional EU okay for $21 billion biopharma buy
U.S. medical equipment maker Danaher secured conditional EU approval on Wednesday for its $21.4 billion bid for General Electric’s biopharma business after agreeing to sell five businesses to address competition...
