Sanofi drug to treat ‘smoker’s lung’ clears trial, says report

Sanofi’s asthma drug Dupixent met all targets in a trial to treat “smoker’s lung”, potentially adding billions to the French drugmaker’s growth prospects, but also underscoring a heavy reliance on its bestseller. In a late stage trial Dupixent, jointly developed with Regeneron, led to a 30% reduction in moderate or severe acute exacerbations of chronic … Read more

Eris buying a part of dermatology portfolio of Glenmark

Eris Lifesciences is acquiring 9 dermatology brands from Glenmark Pharma. The brands are – Onabet, Halovate, Sorvate, Luligee, Demelan, Aceret, Dosetil, Revize, and Powercort, and their sub-brands. The acquisition is for the India and Nepal Territories Consideration for the transaction is Rs 340 crore payable in cash. Turnover of the acquired brands: FY 20 – … Read more

Advent takes controlling stake in Suven Pharmaceuticals

Private Equity major, Advent has confirmed that it has entered into a definitive agreement to acquire a controlling stake in Suven Pharmaceuticals (SP). Advent is acquiring 50.1% from the promoters (Jasti Property and Equity Holdings Private Limited) at Rs 495/ share totalling Rs 6,313 cr. Above considration is 100% cash payable by Advent to the … Read more

Ajanta Promoters sell some stake. Continue to retain significant.

Ajanta Pharma has informed that two of it’s prom0ter entities have sold stake totalling 4.38% into the Company through open market transactions. Total Promoter stake consequently has reduced from 70.48% to 66.1% Stake has been sold by Aayush M. Agrawal, trustee Aayush Agrawal Trust (3.03%)  and Ravi P. Agrawal, Trustee Ravi Agrawal Trust (1.35%) Reports … Read more

Torrent acquires a derma company. Speed jumps ranks in the category.

Torrent Pharmaceuticals (TP) has entered into definitive agreements to acquire 100% stake in Curatio Health Care (I) Private Limited (“Curatio”), a Chennai based dermatology company with a strong focus on cosmetic dermatology. Curatio was founded in 2005 and is backed by Sequoia, Anicut and ChrysCapital. It has a strong presence in the cosmetic dermatology segment … Read more