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HindustanTimes Mon,24 Nov 2014

Sun Pharma acquires US-based Pharmalucence

PTI  New Delhi, July 16, 2014
First Published: 11:11 IST(16/7/2014) | Last Updated: 13:26 IST(16/7/2014)

Drug major Sun Pharmaceutical Industries has acquired US-based Pharmalucence Inc for an undisclosed amount.

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Pharmalucence, which has sterile injectable capacity in the US, has been acquired by one of the subsidiaries of Sun Pharma, the Mumbai-based firm said in a statement on Wednesday.

The company, however, did not disclose the financial details of the deal.

Earlier this year, Sun Pharma had acquired Ranbaxy Laboratories in an all-stock transaction with a total equity value of USD 3.2 billion along with debt of USD 800 million, taking the overall deal value to USD 4 billion.

Sun Pharma shares were trading at Rs. 748.30, up 1.30% from its previous close.


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