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.......

Asset sale plan: Wockhardt may go slow

Drug major Wockhardt is likely to go slow on its plans to divest non-core assets, including the proposed stake sale of its hospital chain, since the Corporate Debt Restructuring package approved by......

Drug firms go slow on overseas M&As

Outbound acquisitions by Indian drug companies slumped 67 per cent during the year as a global credit crunch squeezed liquidity. The less-than-anticipated results of a few big-ticket acquisitions......

'This is the worst crisis in our lifetime'

Habil Khorakiwala, executive chairman of Wockhardt, says he has seen many ups and downs in his business since he inherited drug trading firm Worli Chemicals many decades ago and transformed it into......