AstraZeneca declined to comment on Thursday on whether the drugmaker could become a takeover target once more, two years after it saw off a bid from Pfizer. This time, speculation has moved to the idea of a possible...
Fosun agrees to buy KKR-backed Indian drugmaker Gland Pharma for up to $1.3 bn
HONG KONG/MUMBAI: Shanghai Fosun Pharmaceutical Group Co Ltd has agreed to buy an 86 percent stake in Gland Pharma – backed by KKR & Co LP – for up to $1.3 billion, India’s largest inbound...
China’s Fosun to buy Gland Pharma for $1.3 billion
Fosun’s bid for a controlling stake in Gland Pharma is a rare instance of a Chinese drugmaker seeking to buy an Indian company. Mumbai: Shanghai Fosun Pharmaceutical (Group) Co. Ltd, the Hong Kong-listed company...
Lupin in talks with Japan’s Astellas, Shionogi to buy their off-patent drug brands
MUMBAI: LupinBSE -0.93 %, India’s third-largest drugmaker, is in talks with Japan’s Astellas and Shionogi to buy the off-patent medicine brands they have separately put on the block, two people aware of the...
Morgan Stanley to purchase 20% stake in ZCL Chemicals for Rs 180 crore
MUMBAI: Global private equity fund Morgan Stanley will pick up around 20% stake in ZCL Chemicals Ltd, formerly known as Zandu Chemicals, of the Parikh family for about Rs 180 crore, two people familiar with the...
Granules to acquire 12.5 per cent stake in USpharma
HYDERABAD: Granules India LtdBSE -1.31 % today said its wholly-owned subsidiary Granules Pharmaceuticals Inc will acquire a 12.5 per cent stake in US-based USpharma for an undisclosed sum. According to a statement by...
AMRI completes acquisition of Italian API maker Euticals
The acquisition positions AMRI as one of the largest independent developers and suppliers of active pharmaceutical ingredients (APIs) to the pharmaceutical industry in Europe. Albany Molecular Research Inc (AMRI) has...
Aurobindo Pharma said to enter fray for $1.5 billion Teva portfolio
Aurobindo Pharma is among firms considering bids for Teva Pharmaceutical’s portfolio of drugs in the UK, Ireland, and Iceland, people familiar with the matter said. Hyderabad: Aurobindo Pharma Ltd, India’s fourth...
Torrent Pharma buys Glochem Unit in Vizag
MUMBAI: Drug maker Torrent Pharma has acquired a manufacturing unit of Glochem Industries in Vizag. The facility manufactures active pharmaceutical ingredients (API), or raw materials used to make medicines, and Torrent...
M&A In Pharma: The End Of R&D?
Since the beginning of 2014, numerous pharmaceutical companies have been embarking on M&A splurges, including various mega-mergers. In 2015, the biggest-ever Pharma transaction at $160 billion was announced. The...
Sanofi, Boehringer Ingelheim sign definitive agreements for swap
French drugmaker Sanofi (Euronext: SAN) and German pharma firm Boehringer Ingelheim have signed a definitive agreement for a business swap announced late last year. Under the deal Sanofi will exchange its animal health...
Pfizer to invest $350 million in China biotech hub, first in Asia
Pfizer Inc (PFE.N) will invest $350 million to build a biotech center in China, the latest in a series of moves by pharma industry giants to set up shop in the world’s no. 2 drugs market with the aim of securing...
