Torrent Pharma, the flagship company of the Rs 18,300 crore Torrent Group announced the acquisition of two leading women’s healthcare brands from global pharma giant NovartisBSE 1.90 % AG on Monday in a bid to...
Sanofi decides against selling chemical unit Cepia: spokeswoman
Sanofi (SASY.PA) has given up on the possibility of selling its chemical unit Cepia, a spokeswoman with the French drugmaker said on Friday. “I can confirm we have decided to keep the division within the...
Jubilant Life to buy Triad Isotopes’ radio-pharmacy business
Jubilant Life SciencesBSE 3.48 %’ subsidiary Jubilant Pharma will acquire the radiopharmacy business of US-based Triad Isotopes for an undisclosed sum. “Jubilant Pharma Ltd (JPL)… through one of its...
Wockhardt gets board nod to raise up to Rs2,200 crore
Wockhardt Ltd on Thursday said it has got board approval to raise up to Rs2,200 crore through equity and debt instruments. The company informed the stock exchanges that it plans to raise up to Rs1,200 crore through...
Advent International, China’s Fosun eye stake in Symbiotec Pharmalab
Global private equity (PE) fund Advent International and Chinese strategic investor Fosun International Ltd are in separate talks to acquire a controlling equity stake in Indore-based Symbiotec Pharmalab Pvt. Ltd from...
Serum Institute buys defunct Czech vaccine maker for €72 million
Serum Institute of India Ltd, the world’s largest vaccine maker by number of doses produced and sold, has acquired a defunct unit of Czech Republic-based injectable polio doses maker Nanotherapeutics Inc. for €72...
FIPB clears Claris Lifesciences’ bid to sell global generic injectables
The Foreign Investment Promotion Board (FIPB) on Monday cleared a proposal by Ahmedabad-based Claris Lifesciences Ltd to sell its global generic injectables business to US-based Baxter International Inc. for Rs4,020...
Daiichi Sankyo objects to Religare stake sale
Daiichi Sankyo has objected to Religare Enterprises’ decision to sell its stake in Religare Health Insurance, a move the Japanese company claims violates a Delhi High Court order in its legal tussle against former...
Abbott agrees to buy Alere at lower price from earlier offer
Diversified healthcare company Abbott Laboratories (ABT.N) on Friday agreed to buy Alere Inc (ALR.N) at a lower price than it had previously offered, after raising concerns about the accuracy of various representations...
Torrent Pharma to buy certain generic drugs from Novartis
Drug firm Torrent Pharmaceuticals on Tuesday said it has entered into pacts with Swiss pharma major Novartis AG to acquire certain generic drugs. “The company had executed certain agreements with Novartis AG, Basel...
Fresenius Kabi in talks with Akorn for takeover
Akorn Inc, the US-based specialty generic pharmaceutical company, has confirmed that it is currently in discussions with Fresenius Kabi, a subsidiary of Fresenius SE & Co KGaA, concerning a potential acquisition of...
Bain, Cinven pay up to win backing for Stada deal
Buyout groups Bain Capital and Cinven won an auction for German drugmaker Stada (STAGn.DE) on Monday after a surprisingly large increase on a previous bid valued the company at about 5.3 billion euros ($5.6 billion)...
