The National Company Law Tribunal on Friday approved the demerger of Piramal Enterprises’ (PEL) pharma business and the simplification of the company’s corporate structure. The order paves the way towards creation of...
LIC reduces stake by 2% in Sun Pharma to 5.024%
Life insurance giant, LIC on Monday announced offloading of a portion of its stake in pharma major, Sun Pharmaceuticals Industries. LIC has trimmed its stake by 2.002% in the pharma company. Both LIC and Sun Pharma...
M&A deal value in healthcare, pharma hits record high in first half of 2022
India’s healthcare and the pharmaceutical sector saw hectic deal activity with the value of mergers and acquisitions (M&As) in the first six months of this calendar year scaling a record high and crossing the total...
Piramal Enterprises gets shareholders’ nod to demerge pharma business
Ajay Piramal-owned Piramal Enterprises has received shareholders’ approval to demerge its pharmaceuticals business and simplify the corporate structure. The company received 99 per cent of the votes at the shareholders...
Brazilian pharma Hypera in merger talks with Grupo NC – media report
Brazilian drugmaker Hypera SA is in talks to merge with conglomerate Grupo NC, according to a Tuesday report from business newspaper Valor Economico. Under the potential deal, Hypera would become part of Grupo NC, which...
Glenmark Pharma’s US arm acquires four OTC drugs from Wockhardt
Glenmark Pharmaceuticals Ltd. said its US subsidiary has acquired generic versions of four over-the-counter drugs from Wockhardt Ltd. The acquisition includes approved Abbreviated New Drug Applications (ANDAs) for...
DRL acquires injectable portfolio from US-based Eton Pharma for $50 million
Dr. Reddy’s announced that it has acquired a portfolio of branded and generic injectable products from Deer Park, Illinois, based Eton Pharmaceuticals. Under the terms of the agreement, Dr. Reddy’s will pay $5 million...
RIL, Apollo put in binding bid to acquire UK pharmacy chain Boots
A consortium of Apollo Global Management and Reliance Industries has made a binding offer for Walgreens Boots Alliance’s international arm, people with knowledge of the matter said. The investor group submitted a bid...
Sun Pharma acquires Uractiv portfolio from Fiterman Pharma in Romania
Sun Pharma said that its subsidiary – S.C. Terapia has acquired the Uractiv portfolio from Fiterman Pharma in Romania for an undisclosed amount. The Uractiv portfolio comprises food supplements including minerals...
Torrent Pharma acquires 4 brands from Dr.Reddy’s
Torrent Pharmaceuticals said it has entered into an agreement with Dr. Reddy’s to acquire four of its brands for an undisclosed amount. The brands are Styptovit-E, Finast, Finance, and Dynapress. Styptovit-E is a...
Centene to divest two pharmacy businesses for $2.8 bln after legal woes
Centene Corp said it has agreed to divest two of its pharmacy businesses for about $2.8 billion, in line with the heath insurer’s strategy to exit the pharmacy benefit management space. In 2021, Centene had to...
CCI nods deal to acquire minority stake in BDR Pharma by Multiples Fund III and others
The Competition Commission of India (CCI) has approved the acquisition of a minority stake of BDR Pharmaceuticals International (BDR) by Multiples Private Equity Fund III and other investors. Apart from Multiples, the...