MUMBAI: Private equity fund Advent International has agreed to buy a controlling stake in Hyderabad-based API manufacturer Ra Chem Pharma from its parent Bangalore-based Micro Labs in a deal valuing the company for about Rs 1300 crore, said multiple people aware of the development.
Days after acquiring India’s largest pure-play animal healthcare company , Bengaluru based Sequent Scientific Ltd, The Carlyle Group is close to striking yet another pharma deal down south. This time the American private equity giant is teaming up with pharma veteran and ex-Mylan Labs senior executive B Hari Babu, said people familiar with the matter.
Breckenridge Pharmaceutical, Inc. announced today that the U.S. Food and Drug Administration has granted final approval for its Abbreviated New Drug Application for Entecavir tablets USP, 0.5mg and 1mg, a generic version of Baraclude® Tablets by Bristol-Myers Squibb Company. The product, which was developed in collaboration with Welding GMBH & Co., is manufactured by RA Chem Pharma Limited and supplied to Breckenridge for exclusive distribution in the United States. Breckenridge will launch the product immediately.