Two Indian Drug Makers Make Acquisition Moves Abroad
This article was originally published in PharmAsia News
Executive Summary
Two more Indian drug makers have moved to buy at least part of foreign firms as the industry continues acquiring other assets. Dr. Reddy's Laboratories said it would buy the U.S. pharmaceutical contract manufacturing business of BASF, but did not disclose what it would be paying. Strides Arcolab said it would buy a larger stake in Genepharm Australasia, enough to give it 55 percent ownership of the Australian firm. In return for its equity stake, Strides said it would sell Genepharm its other Australian and Asian interests for $57.3 million. (Click here for more
You may also be interested in...
GSK Inks “Transformational” Licensing Agreement With Onco Therapies To Extend Reach In Emerging Markets
MUMBAI - British drug maker GlaxoSmithKline has announced a comprehensive product licensing deal, in what it calls a "transformational agreement" with Onco Therapies - a joint venture between South Africa's largest drug firm Aspen Pharmacare and one of India's largest generic drug exporters Strides Arcolab
Warning Letter Close-Outs – October 2020
The US FDA issued only one device-related close-out letter in October.
Compounding Pharmacies Sue FDA For Conflating Out-Of-State Dispensing And Distribution In MOU
Seven pharmacies have filed a lawsuit against the FDA claiming the agency exceeded its statutory authority in its final standard memorandum of understanding on interstate compounding and that the MOU will have an adverse impact on compounding pharmacies and patients.
Need a specific report? 1000+ reports available
Buy Reports