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ACQUISITION IN THE PHARMA WORLD NOW A TREND?

October 16, 2019 / Industry Global News24
SHARESHARESHARE

The pharmaceutical companies have been acquiring new assets and subsidiaries in order to take over their research and intellectual property this has become a growing trend in the pharmaceutical world. Here’s a look at some new acquisitions in pharma. Alkem Laboratories Limited informed the markets on Friday that the company has acquired an new undertaking, as a whole and on a going and running concern basis from Cachet Pharmaceuticals Private Limited, who is a subsidiary of the company. The cost of acquisition is a whopping Rs. 51,85,00,000. In the press release that informed more about the acquisition,The company has agreed that it was using a different permit to manufacture some of its liquid products and was having other products made by a different manufacturer as it lacked the license for those products. Hence, it was proposed to acquire the required undertaking with a view to manufacture most of its requirements of the products that it is aiming to manufacture that were bef...