Drugs & Cosmetics
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Franchise India Bureau Jul 07 2018 - 2 min readTPG has pipped rival private equity investors to acquire a stake of slightly over 40% in Sai Life Sciences a Hyderabad-based provider of drug discovery, development and manufacturing services for around $135 million, or Rs 900 crore, people directly aware of the matter said. TPG will seal the deal through secondary share purchase from existing ...
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Franchise India Bureau Jul 05 2018 - 2 min readWockhardt Ltd, the Mumbai-based pharmaceutical company which has been under the US FDA scanner over regulatory issues, is set to raise about $300 million through sale of dollar-denominated bonds. It has hired UBS, Barclays, Nomura and Standard Chartered to manage the fundraising process, according to two people aware of the development. Wockhardt plans to raise ...
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Franchise India Bureau Jul 04 2018 - 3 min readSanofi sees a more diversified pipeline driving a return to growth at its diabetes unit in the coming years and will consider acquisitions and partnerships to help boost performance, a company executive said on Tuesday. The French drugmaker's diabetes revenues have fallen since 2015, slumping some 11 percent last year alone, ...
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Franchise India Bureau Jun 08 2018 - 1 min readGlenmark Pharmaceuticals has received final approval from the US health regulator for generic versions of Loestrin tablets, used to prevent pregnancy. "Glenmark Pharmaceuticals Inc., USA has been granted final approval by the United States Food & Drug Administration (USFDA) for Hailey 1.5/30 (Norethindrone Acetate and Ethinyl Estradiol tablets USP, 1.5 mg/30 mcg) and Hailey Fe ...
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Franchise India Bureau May 19 2018 - 2 min readPharmaceuticals firm Vivimed’s bulk drug business UQUIFA has decided to acquire Hungary-headquartered SONEAS, a contract development and manufacturing organisation (CDMO), for an undisclosed amount. CDMOs typically work with other companies in the pharmaceutical industry on a contract basis to provide comprehensive services from drug development to manufacturing. SONEAS, which ...