PHARMACEUTICALS

ChrysCapital explores exit from Eris Lifesciences

August 24, 2016 | Ranjani Raghavan

Private equity firm ChrysCapital is exploring options to exit Ahmedabad-based pharmaceutical company Eris Lifesciences Pvt. Ltd, two people familiar with the matter said. 

Carlyle, Bain, others eyeing Claris' injectables business

August 23, 2016 | Ranjani Raghavan

Private equity firm Carlyle Group will tie up with a drug maker to bid for the injectables drugs business of Ahmedabad-based Claris Lifesciences Ltd, according to a report.

Exclusive: Former Paras Pharma execs' firm buying into Chennai-based wellness startup

August 22, 2016 | Joseph Rai & Debjyoti Roy

Athena Life Sciences Pvt. Ltd, founded by the former top executives of the erstwhile Paras Pharmaceuticals, has agreed to pick up a stake in a recently launched Chennai-based health and wellness company, a person close to the development told VCCircle.

Laurus Labs files for IPO; Warburg Pincus, Eight Roads to part-exit

August 21, 2016 | Joseph Rai

Laurus Labs Pvt.

Strides Shasun to hive off bulk drugs business

August 17, 2016 | Joseph Rai

Drugmaker Strides Shasun Ltd said on Wednesday it has received board approval to hive off its active pharmaceuticals ingredients (API) business into a wholly owned subsidiary.

Piramal to acquire US-based pharma firm Ash Stevens for up to $53 mn

August 16, 2016 | Ranjani Raghavan

Billionaire Ajay Piramal-led Piramal Enterprises Ltd has agreed to acquire US-based Ash Stevens Inc. for up to $52.95 million (Rs 355 crore) in an all-cash deal that will boost its high-potency drug development business.

Cipla names Umang Vohra global CEO, Samina Vaziralli vice chairman

August 12, 2016 | Ranjani Raghavan

Drugmaker Cipla Ltd on Friday named Umang Vohra its new managing director and global CEO and elevated promoter group scion Samina Vaziralli as executive vice chairman.

Both appointments are effective 1 September 2016, the company said in a stock-exchange filing.

Cadila buys skin-care brand Melgain from Issar Pharma

August 08, 2016 | PTI

Zydus Group firm Cadila Healthcare today said it has acquired Melgain lotion used for treatment of skin depigmentation from Issar Pharma to strengthen its dermatological portfolio.

USFDA bans import of drugs from Wockhardt’s Ankleshwar plant

August 06, 2016 | PTI

In yet another blow to drug maker Wockhardt, US Food and Drug Administration (USFDA) has banned import of products manufactured at its Ankleshwar plant for non compliance of manufacturing norms.

Sexual wellness firm Chaturbhuj Pharma hires banker to sell stake

August 05, 2016 | Ranjani Raghavan

Chaturbhuj Pharmaceutical Co., which retails sexual wellness products under the brand Japani, is looking to sell a majority stake, a person close to the development told VCCircle.

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