drug
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Franchise India Bureau Sep 16 2019 - 1 min readStrides Pharma Science Ltd has bought a majority stake in Switzerland-based Fairmed Healthcare AG, the supplier of generic products and over-the-counter drug. Under this deal, Strides has acquired a 70% stake in Fairmed for around Rs 16 crore. This acquisition has been made through its step-down subsidiary Strides Pharma Global Pte Ltd (SPG). With this acquisition, ...
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Franchise India Bureau Feb 07 2019 - 2 min readThe Asia Pacific Leaders’ Malaria Alliance (APLMA) convened a panel of senior officials in New Delhi to discuss the global fight to end malaria, outlining strategies to improve collaboration, increase investment and identify innovative approaches to eliminate the disease and stop drug-resistance. The event took place on the sidelines of the preparatory meeting for the ...
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Franchise India Bureau Nov 14 2018 - 0 min readAurobindo Pharma Ltd, a Hyderabad-based drugmaker, will acquire a product under development and related assets from Australia-based Advent Pharmaceuticals Pty Ltd for $12.5 million in cash. The deal is expected to close by January 2019. This acquisition will help Aurobindo to boost its research and development capabilities in complex speciality generics. Advent Pharmaceuticals is a ...
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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 31 2018 - 1 min readDivis Laboratories will spend Rs 15 billion for expanding its existing facilities over the next 15 months. It is a maker of active pharmaceutical ingredients (APIs) and drug intermediates. The company would invest Rs 6 billion each on its Unit-2 at the Vizag SEZ, Andhra, and Unit-1 of its Nalgonda SEZ, Telangana. It will also ...