Advertisement

HindustanTimes Thu,18 Sep 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.

Advertisement

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.


Advertisement
more from Business

Rupee plunges 25 paise against dollar in early trade

The rupee fell by 25 paise to 61.17 against the US currency in early trade on Thursday at the Interbank Foreign Exchange market due to dollar's gains against other currencies overseas.
markets
Advertisement
Most Popular
Advertisement
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved