Cipla
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Franchise India Bureau Apr 17 2019 - 1 min readPharmaceutical major Cipla Ltd has acquired a 30% stake in South African healthcare firm Brandmed. This acquisition will increase Cipla’s exposure to the connected healthcare segment. Cipla's South African arm Cipla Medpro will execute the transaction worth Rs 32 crore. The company is expected to complete the transaction with Brandmed by May 31. Paul Miller, Chief Executive Officer of Cipla Medpro, said, "This will ...
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Franchise India Bureau Feb 19 2019 - 1 min readGoldencross Pharma, a wholly-owned subsidiary of Cipla, has signed an agreement to acquire 11.71% stake in Mumbai-based Wellthy Therapeutics for a cash consideration of Rs 10.5 crore. Under the agreement, the partners plan to provide a combination of pharmacotherapy and digital therapeutics for improved patient outcomes in the chronic therapies of diabetology and cardiology. This deal will make a multi-lingual clinically-validated ...
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Franchise India Bureau Nov 13 2018 - 1 min readIndian drugmaker Cipla Ltd, through its subsidiary InvaGen Pharmaceuticals Inc, will acquire US-based speciality pharmaceutical company Avenue Therapeutics Inc for up to $215 million. Cipla will acquire Avenue, part of Nasdaq-listed Fortress Biotech Inc, in two stages. Avenue focuses on the development and commercialization of intravenous Tramadol to manage post-operative pain. Cipla said, "At the ...
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Franchise India Bureau Oct 24 2018 - 0 min readCipla's South African subsidiary has acquired pharma firm Mirren (Pty) Ltd. Cipla Medpro South Africa (Pty) Ltd has completed the acquisition of 100% stake in South African firm Mirren. In July, Cipla had informed that its South African arm had signed an agreement to wholly acquire Mirren for a cash consideration of South African Rand ...
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Franchise India Bureau Aug 07 2018 - 1 min readDrug major Cipla today said it has received final approval from the United States Food and Drug Administration (USFDA) for Diclofenac Sodium Topical Gel, indicated for the relief of the pain of osteoarthritis of joints such as the knees and hands. Diclofenac Sodium Topical Gel, 1 per cent is a generic therapeutic equivalent to the ...