FDA raises concern over US unit: Wockhardt

The US Food and Drug Administration (FDA) has expressed concerns over production processes at the US unit of Wockhardt Ltd, a senior executive said, possibly adding to a spate of regulatory......

Exits force Wockhardt to rejig top team

Beleaguered drugmaker Wockhardt has a new management team in place to implement a three-year strategic plan to get back on track. The company has seen at least four senior-level exits in the last......

Roles reverse in pharma M&As

Early this month, US-based Perrigo, one of the largest over the counter (OTC) pharmaceutical producers in the world, acquired an 85 per cent stake in Mumbai-based Vedants Drugs and Fine Chemicals.......

Why Wockhardt sold 10 key properties

The sale of 10 key properties will overnight turn Habil Khorakiwala-promoted Wockhardt Hospitals from being among the top four healthcare chains in India to a minnow. But it will also give the......