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Abbott, GSK, And Heinz Vying Again For Indian Wockhardt's Nutrition Brands

This article was originally published in PharmAsia News

Executive Summary

MUMBAI - An interesting bidding battle is said to be brewing for Wockhardt's nutrition products business, which includes well-known consumer brands like health supplement Protinex and pediatric nutrition brands like Farex, Dexolac and Nusobee

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HYDERABAD, India - After several months of discussions, debt-laden Indian drug maker Wockhardt Ltd. finally managed to sell its growing nutritional business to French food giant Group Danone for reportedly $354 million - a quantum jump from the $130 million that Abbott Laboratories Ltd. had agreed to pay for the same assets exactly two years ago

Danone Gets Second Time Lucky, Buys Wockhardt's Nutrition Brands That Abbott Had Won And Lost

HYDERABAD, India - After several months of discussions, debt-laden Indian drug maker Wockhardt Ltd. finally managed to sell its growing nutritional business to French food giant Group Danone for reportedly $354 million - a quantum jump from the $130 million that Abbott Laboratories Ltd. had agreed to pay for the same assets exactly two years ago

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