Fidelity invests $40mn in Aptuit of India as US partner cuts holding
This article was originally published in Scrip
Fidelity Growth Partners India, the private equity arm of the global asset management giant Fidelity, and certain other existing investors are investing about Rs2 billion ($40.6 million) in Hyderabad-based Aptuit Laurus, a transaction that will see US partner Aptuit's holding in the Indian firm reduced to a minority.
You may also be interested in...
More patent-related turbulence appears ahead for Novartis’s sacubitril/valsartan combination in India, with Torrent emerging as the new challenger. The companies are engaged in a legal battle and the Indian firm is also seeking a revocation of the patent on the star heart failure treatment.
Gland Pharma, controlled by Chinese group Fosun, makes shining debut on Indian stock markets despite a lukewarm response to its IPO. Will the buoyant market sentiment sustain amid edgy India-China relations?
A senior executive of Janssen’s supply chain leadership team outlines how the company handled activities in Asia Pacific at the height of the coronavirus outbreak, including ensuring continuous and rapid supplies of critical medicines in China. The company is also prepping against “multiple scenarios” to ensure global access for its potential COVID-19 vaccine.