Hotline: 1800 102 2007
Hotline: 1800 102 2007
Nov, 28 2018

Sun Pharma to buy Japan-based Pola Pharma for $1 mn

With this acquisition, Sun Pharma will strengthen its presence in the dermatology segment across the globe.

Sun Pharma to buy Japan-based Pola Pharma for $1 mn

Sun Pharmaceutical Industries has entered into a definitive agreement to acquire Japan-based Pola Pharma for around $1 million. With this acquisition, Sun Pharma will strengthen its presence in the dermatology segment across the globe. 

Pola Pharma is engaged in research and development, manufacture, sale and distribution of branded and generic products in Japan. Its portfolio mainly includes dermatology products. The company also has R&D capabilities to develop new technologies and formulations. 

Kirti Ganorkar, Executive Vice-President of Sun Pharma, said, "This acquisition is in line with our strategy to strengthen our global dermatology presence. Pola Pharma is a leading dermatology company and it will help us launch our speciality and generic dermatology products in the Japanese market in the future." 

Junichi Nakamichisaid, Sun Pharma Japan Country Head, stated, "By combining its global strengths with Pola Pharma's local expertise, the company will have a great opportunity to further strengthen its presence in Japan, especially in dermatology."

Sun Pharma said, "The equity consideration, on the debt-free and cash-free basis, for the 100 per cent stake in Pola Pharma is around USD 1 million." 

The deal is likely to be completed on or before January 31, 2019.

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Quick Service Restaurants
    Well-established Brand: Successfully operating a chain of 13     outlets in..
    Locations looking for expansion Maharashtra
    Establishment year 2005
    Franchising Launch Date 2019
    Investment size Rs. 20lac - 30lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Haveli Maharashtra
  • Juices / Smoothies / Dairy Parlors
    Fitness Juice Bar provides the better healthy food options like pure..
    Locations looking for expansion Uttar Pardesh
    Establishment year 2017
    Franchising Launch Date 2020
    Investment size Rs. 10lac - 20lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Gurgaon Uttar Pardesh
  • About Us: The art form of Bharatanatyam inspires us to propagate..
    Locations looking for expansion Karnataka
    Establishment year 2004
    Franchising Launch Date 2020
    Investment size Rs. 10lac - 20lac
    Space required 750
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
  • Multi Cuisine Restaurant
    About Us: In Hungary, one of the most popular types of..
    Locations looking for expansion Maharashtra
    Establishment year 2017
    Franchising Launch Date 2019
    Investment size Rs. 10lac - 20lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities