Ranbaxy India sold

April 10, 2014

DAIICHI Sankyo is selling its stake in the Indian company, Ranbaxy Laboratories. The company has been dogged by trouble with the Food and Drug Administration (FDA), which prohibited its Toansa facility from producing and distributing drugs for the US (PD 24 Jan). This followed the FDA’s prohibiting of drug manufacturing and imports from Ranbaxy’s Mohali plant, the Wall Street Journal reported. Daiichi Sankyo holds 63.4% in Ranbaxy and has voted in favour of Sun Pharma’s acquisition of the company in its entirety, after which it will receive a stake of around 9% in the expanded Sun Pharma. The acquisition is expected to be completed by December.

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Pharmacy Daily | Ranbaxy India sold

Ranbaxy India sold

Other recent headlines

Vax coverage decline continues

PSA launches guide for people with autism

Fair Work rules to abolish junior adult pay rates

SEARCH PHARMACY DAILY

Featured video

Recent issues

INDUSTRY JOB VACANCIES