Hotline: 1800 102 2007
Hotline: 1800 102 2007
Oct, 11 2017

Lupin acquires it for Rs 980 crore

In addition, there are sales-based contingent payments. The acquisition is funded from internal funds

Lupin acquires it for Rs 980 crore

Drug major Lupin's US subsidiary has acquired Symbiomix Therapeutics for a total cash consideration of USD 150 million (nearly Rs 980 crore).

Lupin had entered into an arrangement to acquire the company earlier this year. The acquisition has been made for a cash consideration of USD 150 million, including USD 50 million upfront payment and other time-based ones, it said in a regulatory filing today.

In addition, there are sales-based contingent payments. The acquisition is funded from internal funds.

Company said in a statement "The acquisition of Symbiomix and Solosec franchise significantly expands Lupin's branded women's health specialty business, which is presently anchored by Methergine tablets." 

Last month, the US health regulator had approved Symbiomix's lead product Solosec oral granules for treatment of bacterial vaginosis (BV).

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Buying or selling of a property being very crucial decision,..
    Locations looking for expansion Maharashtra
    Establishment year 1987
    Franchising Launch Date 2014
    Investment size Rs. 2lac - 5lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Nashik Maharashtra
  • Others Health Care & Fitness
    Sanitisation Express is a noble initiative from the UClean family..
    Locations looking for expansion Haryana
    Establishment year 2020
    Franchising Launch Date 2020
    Investment size Rs. 2lac - 5lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Gurgaon Haryana
  • Quick Service Restaurants
      Format Investment Brand Fee Space Staff Exp. Monthly Sales ..
    Locations looking for expansion Uttar pradesh
    Establishment year 2016
    Franchising Launch Date 2017
    Investment size Rs. 5lac - 10lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Lucknow Uttar pradesh
  • Others Food Service
    About Us: Café Durga was started by Kapil Anil Kulkarni in..
    Locations looking for expansion Maharashtra
    Establishment year 2003
    Franchising Launch Date 2008
    Investment size Rs. 10lac - 20lac
    Space required 400
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Pune Maharashtra
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities