Granules India acquires Auctus Pharma for $20 million – BioPharma Asia

Posted On 05 Nov 2013
By :

Hyderabad-based mid-sized pharmaceutical firm Granules India has acquired Auctus Pharma in an all-cash deal worth $20 million (Rs 120 crore).

Hyderabad-based mid-sized pharmaceutical firm Granules India has acquired Auctus Pharma in an all-cash deal worth $20 million (Rs 120 crore).

Hyderabad-based Auctus Pharma is Granules’ first-ever acquisition and operates as a separate division initially. Granules has said that the company will fund 20 percent of the deal amount through internal accruals and the rest through debt.

Read the source article at BioPharma Asia

About the Author

Leave a Reply

*