EU antitrust regulators have opened a full investigation into Johnson & Johnson’s acquisition of Takeda Pharmaceutical’s surgical patch product TachoSil, concerned that the deal could lead to reduced choice and...
Sun Pharma board to consider buyback of shares next week
The pharma major Sun Pharmaceutical Industries on Thursday announced that its board will consider the buyback of company’s shares next week. According to analysts, more promoters could announce buybacks to...
Shanghvi Finance raises stake in Sun Pharma
Sun Pharma promoter Shanghvi Finance bought 19.8 lakh shares of the drug maker from open market on Tuesday, according to BSE data. Shanghvi Finance held 40.2 per cent stake in Sun Pharma as of Dec quarter-end. Overall...
Gilead Sciences makes takeover approach to Forty Seven: Bloomberg News
Drugmaker Gilead Sciences Inc has approached cancer therapy company Forty Seven Inc with a takeover offer, Bloomberg News reported on Thursday, citing people familiar with the matter. Gilead and Forty Seven are...
Iovance Biotherapeutics exploring potential sale: Bloomberg News
Iovance Biotherapeutics Inc is exploring a sale and has held preliminary talks with potential buyers, Bloomberg News reported on Tuesday, citing people familiar with the matter. Shares of the U.S.-based cancer drug...
Germany’s Stada buys 15 GSK consumer health brands
Private equity-backed generic drugmaker Stada said it has agreed to buy 15 consumer healthcare products from British drugmaker GlaxoSmithKline to further strengthen its prescription-free drugs business in Europe. The...
Consumer groups, unions oppose fix for planned merger of AbbVie and Allergan
A group of unions and consumer groups wrote to U.S. antitrust enforcers on Tuesday to oppose a proposed remedy that could lead to U.S. approval for AbbVie Inc’s planned purchase of Allergan Plc. In its letter to the...
Buffett’s Berkshire buys Kroger and Biogen, reduces Wells Fargo and Goldman stakes
Warren Buffett’s Berkshire Hathaway Inc on Friday said it has taken a $549.1 million stake in Kroger Co, investing in the largest U.S. supermarket chain as smaller rivals struggle. In a regulatory filing detailing its U...
Dr Reddy’s buys Wockhardt’s India formulations business for Rs 1,850 crore
Dr Reddy’s Laboratories (DRL) acquired a majority of Wockhardt’s domestic formulations business for Rs 1,850 crore, underscoring the company’s commitment to the India market as it seeks to de-risk itself against...
PEs in talks for Emcure stake; promoters eye $2 billion valuation
A clutch of global private equity funds such as Apax Partners, Carlyle and Advent International are exploring options to acquire 10-15 per cent stake in Emcure Pharma, a Pune-based drug manufacturer. Emcure plans to...
Cipla acquires 4 women’s health brands from Wanbury to strengthen segment
Drug major Cipla has acquired the nutrition products portfolio from Mumbai-based Wanbury for an undisclosed sum. The acquisition, aimed at strengthening Cipla’s women’s health segment, comprises four brands — CPink...
Merck to slim down with asset spinoff, focus on Keytruda, vaccines
Merck & Co Inc said on Wednesday it will spin off its women’s health, biosimilar drugs and older products into a separate publicly traded company as it tightens its focus on growth drivers like cancer drug Keytruda...
