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Domestic pharma sales pick up in September, but not enough to lift Q2 sales

Despite witnessing a late recovery in September, domestic pharma sales moderated sequentially in Q2, which is likely to put pressure on the July-September earnings of drugmakers ....

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cipla: Why Torrent Pharma is ready to go ahead with the daunting Cipla deal

Ahmedabad-based Torrent Pharma is seeking financing for a deal with Indian pharmaceutical company Cipla. Torrent Pharma is interested in buying out the Hamied family s 33.47% stake in Cipla, which is valued at around $4.07 billion. The deal would be the largest in the domestic pharma industry, with a total outlay of approximately $7.3 billion. Torrent Pharma is in talks with several private equity funds, shadow banks, and foreign banks to secure funding for the acquisition. If successful, the deal would give Torrent Pharma a significant share in the market and broaden its operations. ....

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cipla: Bain dials Dr Reddy's Laboratories to team up for joint Cipla bid

Private equity firm Bain Capital has approached Indian pharmaceutical company Dr Reddy s Laboratories (DRL) to explore a joint bid for the promoters of Cipla, the Hamied family. DRL is evaluating the opportunity and countering an offer from Torrent Pharma, another Indian investor. If DRL decides to participate, the combined entity would become the leading Indian-origin pharma major at home and in the US and emerging markets. ....

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