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DIL subsidiary, Fermenta Biotech Limited acquires land at Sayakha Industrial Estate as part...

Mumbai, January 24, 209: DIL Limited’s subsidiary, Fermenta Biotech Limited (FBL), a leading global manufacturer and supplier of Vitamin D3 (Cholecalciferol) has executed a 99 year lease agreement for acquisition of land aggregating to about 40,000 Sq M from the Gujarat...

Acquisition of Avenue Therapeutics to be Credit Neutral for Cipla

New Delhi, December 18, 2018: India Ratings and Research (Ind-Ra) believes that Cipla Limited’s (IND AAA/Stable) proposed acquisition of the US-based Avenue Therapeutics Inc. (Avenue) through its US-based subsidiary InvaGen Inc. would not materially impact its ratings. Ind- Ra...

Aurobindo acquires Apotex Inc’s business in 5 European countries for €74 mn

New Delhi, July 14, 2018: The acquisition includes a portfolio of over 200 prescription drugs and 88 OTC products and an additional pipeline of over 20 products. Hyderabad's Aurobindo Pharma has signed a definitive agreement to acquire Canadian pharmaceuticals company Apotex International Inc's commercial...

SeQuent Scientific announces acquisition of Bremer Pharma in Germany

Mumbai, April 21,20 18: Sequent Scientific announced that its wholly owned subsidiary Alivira Animal Health through Alivira Ireland, has on 17 April 2018 signed an agreement with simultaneous closing to acquire 100% of Bremer Pharma, Zydus Cadila's Animal Health...

CORONA acquires ‘Obimet’ and ‘Thyrocab’ brands from Abbott India

Move will boost the CORONA growth story, marking its entry into thyroid management and fortifying its anti-diabetic portfolio. Ahmedabad, April 03, 2018:  CORONA Remedies Pvt. Ltd. has acquired Obimet and Thyrocab brands, comprising of 14 product line extensions, from Abbott India Limited, in India....

Manipal Hospitals buys Fortis Healthcare: A look at major mergers and acquisitions in the...

With Manipal Hospital Enterprise getting the go-ahead from Fortis Healthcare's Board to take over the latter's hospitals, here's a list of major mergers and acquisitions in the pharmaceuticals sector. As Fortis Healthcare's Board has approved the de-merger of its hospitals business...

Gujarat based multinational phama major Torrent acquires US company Bio-Pharm Inc

Ahmedabad, January 20, 2018: Ahmedabad based multinational pharma major Torrent Pharmaceuticals Limited (Torrent) today, announced the acquisition of Bio-Pharm, Inc. (BPI) a generic pharmaceuticals and OTC Company, based in Levittown Pennsylvania, USA. Established in 1992, BPI has a proven track...

Torrent Pharma gets green nod for Rs 300 crore project

The Union Environment Ministry issued the environment clearance certificate for the proposed project saying that the approval has been given with certain riders. New Delhi, November 08, 2017: The Centre today gave green nod to Torrent Pharmaceuticals' proposal to establish a...

With acquisitions in mind, Lupin to build Rs. 7,500-crore warchest

Mumbai, June 25, 2015: Drugmaker Lupin has received a thumbs up from its board of directors to raise up toRs. 7,500 crore, possibly with an eye on acquisitions. Only last month, Lupin Managing Director Nilesh Gupta had said that the spotlight...

Dr Reddy’s completes acquisition of Habitrol from Novartis

Hyderabad, Dec 26, 2014 - Novartis divested Habitrol (a nicotine replacement therapy transdermal patch) brand following the announcement of GSK and Novartis to combine their global consumer healthcare operations Dr Reddy’s Laboratories has announced that it has closed the...