Novopan Industries Ltd has decided to drop the proposal for amalgamation of Vertex Projects Ltd (erstwhile GVK Projects Ltd) along with its wholly owned subsidiary, GVK Aviations (P) Ltd (transferor companies) with...
Sanofi buys Merieux stake in Shantha
Sanofi Pasteur has bought the stake of Merieux Alliance in the Indian vaccine-maker Shantha Biotechnics to boost global vaccine development.. The transaction, set to close before the end of the third quarter, values...
Sanofi Pasteur buys majority stake in Shantha Bio
French pharma major Sanofi-aventis today said its vaccine division Sanofi Pasteur has acquired majority stake in Hyderabad-based Shantha Biotechnics, which has been valued at euro 550 million (over Rs 3,770 crore)...
SC allows Daiichi Sankyo open offer for Zenotech
The Supreme Court today allowed Japanese pharma firm Daiichi Sankyo to go ahead with the public offer for an additional 20 per cent stake in Zenotech Laboratories. A Bench headed by Chief...
Pfizer increases stake in Indian arm to 72%
The US-based pharma giant Pfizer has been able to increase its stake in its Indian arm, Pfizer India, from 41.2% to around 72% through its open offer, which closed early this month. The 72% holding falls a tad short of...
Daiichi open offer for Zenotech faces legal hurdle
The open offer by the Japanese drug maker Daiichi-Sankyo to acquire 20 per cent in Hyderabad-based Zenotech Laboratories Ltd (ZLL), scheduled to open today, has hit a legal hurdle. The Madurai Bench of the Madras High...
Madras HC halts Daiichi’s open offer for Zenotech
The Madras High Court (HC) on Tuesday stopped Japanese company Daiichi Sankyo from going ahead with its proposed open offer to ac-quire an additional 20% in the Hyderabad-based drugmaker, Zenotech, at Rs 113.62 per...
Wockhardt may sell non-core biz to raise Rs 790 cr
Wockhardt has set a target to mobilise Rs 790 crore by selling its non-core businesses as part of its corporate debt restructuring (CDR) plan, which its lenders approved last week, nearly two-and-a-half months after the...
Cadila forms JV with US-based vaccine major Novavax
Ahmedabad-based Rs 800-crore Cadila Pharmaceuticals Ltd is all geared up for a large pie in the $665-million vaccine market in India. On Thursday, it formally announced a joint venture with US-based vaccine...
Hikal Pharma merges with Hikal
Bulk drug maker Hikal today said Hikal Pharmaceuticals has been merged with it following the scheme of arrangement already approved by the Bombay High Court. Hikal Pharmaceuticals stands dissolved without being wound...
Wockhardt to sell animal health unit to French company
Just 10 days after Wockhardt said it was selling its business in Germany, the debt-ridden drug-maker has announced that it is divesting its animal health division to France’s Vétoquinol for an undisclosed...
No smooth sailing for Novartis, Pfizer open offers
It has not been a smooth sailing for multinational drug companies Novartis and Pfizer looking to hike stake in their Indian arms. Novartis’ open offer to hike equity in its local arm to 90 per cent did not meet...
