Novartis AG’s Sandoz family is poised to sell a roughly 1.2% stake in the Swiss pharmaceutical group. The Sandoz Family Foundation, through the vehicle Emasan AG, is offering 26.5 million shares via an accelerated...
MO Alts acquires majority stake in Megafine Pharma for Rs 460 crore
Motilal Oswal Alternate Investment Advisors (MO Alts) has announced its first sole control investment, acquiring a majority stake (over 60 per cent) in Megafine Pharma, a Mumbai-based export-focused Active...
Motilal Oswal PE arm buys majority stake in bulk drug maker Megafine for ₹460 crore
The alternative investment arm of Motilal Oswal Financial Services Ltd has acquired a majority stake in export-focused bulk drug maker Megafine Pharma Ltd for ₹460 crore, betting on its growth as global companies look...
Felix Pharmaceuticals seeks $200-250mn for controlling stake in pet drug subsidiary, Felix Generics, amid booming market
Felix Pharmaceuticals is looking to sell a controlling stake in its subsidiary, Felix Generics, which makes veterinary drugs for ‘companion pets’ such as dogs and cats, three people with knowledge of the development...
Granules acquires Swiss firm for Rs 192 cr; forays into CDMO space
Drug firm Granules India on Friday said it has acquired Switzerland-based CDMO firm Senn Chemicals AG for CHF 20 million (around Rs 192 crore). Senn develops and manufactures, Peptides and Peptides-based applications...
Senores Pharma gains after arm inks pact to acquire Roflumilast tablets
Senores Pharmaceutical added 2.18% to Rs 546.15 after the company’s wholly owned subsidiary, Senores Pharmaceuticals, Inc., USA has signed an agreement to acquire Roflumilast 250 mcg and 500 mcg tablets from...
Three global PE firms vie to buy Hyderabad’s Gland Pharma from its Chinese owner
Global private equity firms Blackstone, Brookfield and Warburg Pincus are in talks to acquire a majority stake in Hyderabad-based Gland Pharma Ltd from China’s Shanghai Fosun Pharmaceutical Co. Ltd in a deal expected to...
Alkem Laboratories makes twin acquisitions
Alkem Laboratories Ltd has announced the acquisition of Adroit Biomed, a dermatology and cosmetology-focused company, and Bombay Ortho Industries, a medical technology firm, in two separate deals. The acquisitions will...
Avendus Future Leaders Fund picks minority stake in La Renon for Rs 160 crore
Avendus Future Leaders Fund (FLF), the flagship private strategies fund of the Avendus Group, on Tuesday said it has taken a minority stake in Ahmedabad-based drugmaker La Renon Healthcare for Rs 160 crore. Avendus FLF...
Jubilant Pharmova announces acquisition of 80% stake in JASMIN
Through its step-down subsidiary – Jubilant Biosys Innovative Research Services, Singapore Jubilant Biosys Innovative Research Services, Singapore (JBIRSPL), a subsidiary of Jubilant Biosys, a wholly owned...
CCI clears merger of nine pharma entities with Sequent Scientific
The Competition Commission on Tuesday cleared the proposed amalgamation of nine entities with pharmaceutical firm Sequent Scientific Ltd (SSL). “The proposed combination involves a series of inter-connected steps...
French firm Roquette seeks CCI’s clearance for IFF Pharma’s biz acquisition
French plant-based ingredient producer Roquette Frres has sought fair trade regulator CCI’s approval for the proposed acquisition of the pharma solutions business and certain product lines of International Flavors...
