Sun Pharmaceutical to take over Ranbaxy

Sun Pharmaceutical is set to buy Ranbaxy Laboratories at $3.2 billion in the biggest acquisition in the domestic pharmaceutical sector and is heading towards become fifth-largest generic drug maker in the world.

Sun Pharmaceutical to take over RanbaxyThe major Stakeholder in current Ranbaxy, Japan’s Daiichi Sankyo has agreed on an all-share deal in which Ranbaxy shareholders will receive 0.8 of a Sun Pharmaceutical share against each Ranbaxy share. Daiichi Sankyo is also likely to hold around 9% share in Sun Pharmaceutical after the deal.

The move has been seen as a master stroke from Dilip Shanghvi, as Sun is now going to capture Ranbaxy’s market in India easily and may become the ruler in Indian pharmaceutical industry.

India’s largest generic drugs seller Ranbaxy has been struggling after being banned from exporting drugs to the U.S. over its alleged ‘poor standards’. The deal between Sun and Ranbaxy could intensify competition in the international market too. It could force Abbott to search for a partner such as GSK Pharma to retaliate Sun-Ranbaxy combine.  

Sprightly Spirit

About Sprightly Spirit

“I dare do all that may become a man. Who dares more is none”. And all, may be. It may be the vigor. Or the spirit. Or the courage to avoid being “politically correct” or bent. And, ban all averse with immaculate overture of graciously fathomable words firm in views. Subtle. Justifying the undying conscience. Values. Knowledge. And, dares to stay true. True to own. True to the world. And, to the words. With a dream in eyes it exists. In you. In me. In all. The sprite that never shies away. The spirit that never dies!
Tags:

CONTACT US

We're not around right now. But you can send us an email and we'll get back to you, asap.

Sending

©2024 SpectralHues. Powered by SpectralHues. Designed by Vipul Madhani

Log in with your credentials

Forgot your details?