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China’s Fosun bids to buy India’s Gland Pharma.

Shanghai Fosun Pharmaceutical (Group) Co. Ltd, the Hong Kong-listed company controlled by billionaire Guo Guangchang, said it had submitted a non-binding proposal to acquire a 96% stake in India’s Gland... Full Story

Alembic Pharma forms JV with Orbicular for derma products.

Alembic Pharmaceuticals Ltd (APL) has formed a 60:40 joint venture (JV) with the Hyderabad-based Orbicular Pharmaceutical Technologies Pvt Ltd to... Full Story

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Rusan Pharma aims to double turnover to Rs 600 cr by 2018

With a focus on research and development (R&D), Rusan Pharma, which specialises in pain management, opioid de-addiction & anti-infectives therapies,... Full Story

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LATEST HEADLINES FROM MIDDLE EAST AND NORTH AFRICA

Torrent acquires Elder unit for Rs. 2,000 crore.
Ahmedabad-based Torrent is set to acquire Mumbai-based Elder Pharma's entire domestic formulations business in India and Nepal for Rs. 2,004 crore, making it the first... Full Story
Intas Pharma is planning to raise R2. 50Cr PE investment for expansion
Intas Pharma is planning to raise R250Cr private equity investment for expansion. Intas Pharma filed DRHP to raise upto R425Cr through fresh issue of shares. The company... Full Story
Ranbaxy gets approval for drugs treating seizures
New Delhi: Ranbaxy Laboratories has received approval from the US Food and Drug Administration (USFDA) to market and manufacture a generic drug for treating seizures.... Full Story
Novartis to increase its stake in Indian subsidiary
Mumbai: The Swiss company Novartis is set to increase stake in its Indian subsidiary to nearly 90 per cent from the existing 51 per cent.... Full Story
Ind-Swift expects sales of Rs 1,200 cr
Chandigarh: Ind-Swift group, a Chandigarh-based research-driven pharmaceutical group with presence across 45 countries, expects to close the current fiscal with collective sales of Rs 1,200... Full Story
Pharmaceutical industry to invest in Pakistan
Karachi: The pharmaceutical industry has invested Rs 107 billion or $1.3 billion in Pakistan to expand production base and save at least $3 billion worth... Full Story
Piramal completes acquisition of US firm
Mumbai: Pharma firm Piramal Healthcare today said it has completed the acquisition of US-based Minrad International. In a filing to the Bombay Stock Exchange, Piramal Healthcare... Full Story
Bharat Bio introduces 'made-in-India' vaccine
Hyderabad: Bharat Biotech International, a Hyderabad-based manufacturer of vaccines and biotherapeutics, on Monday launched COMVAC5, a single-shot pentavalent combination vaccine, which contains the first indigenously... Full Story

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