New Delhi, September 10, 2018: Drug major Sun Pharmaceutical Industries Monday said it has agreed to acquire 18.75 per cent shares of Israel-based Tarsius Pharma for a cash consideration of USD 3 million (over Rs 21 crore).
One of the company’s wholly-owned subsidiaries has agreed to acquire 3,45,622 ordinary shares of Tarsius Pharma, of nominal value of NIS 0.01 each by way of subscription, representing 18.75 per cent of shares of Tarsius on a fully diluted basis, Sun Pharma said in a filing to BSE according to thehindubusinessline.com
“Cost of acquisition is USD 3 million,” it added.
Indicative time period for completion of the acquisition is before September 15, 2018, Sun Pharma said.
Tarsius is an early stage research and development company focusing on development of drug candidates in the field of ophthalmology, it added.
Shares of Sun Pharmaceutical Industries closed at Rs 639.50 per scrip on BSE, down 3.72 per cent from its previous close.
Initiative aimed at enhancing workforce skills and competency in line with industry standards so as…
Previously, the patient underwent an above-knee amputation in the USA due to similar complications in the…
New Delhi, December 27, 2024: A team of expert obstetricians & neonatologists at Motherhood Hospitals,…
By Dr. Khushali Lalcheta, Consultant Physician, HCG Hospitals, Rajkot Diabetes is often a misunderstood condition that…
By Dr. Balaji B S, Consultant - Neurology & Epileptology, Aster Whitefield Hospital, Bengaluru Foreign…
New Delhi, December 27, 2024: Aakash Healthcare Super Specialty Hospital, New Delhi, has taken a…