GSK, Teva May Acquire Micro Labs' India Business
Glaxosmithkline and Teva Pharma are planning to buy Bangalore-based Micro Labs' India business.
According to BS, both the companies are in separate discussions to acquire the domestic business of Micro Labs. Nomura is advising Micro Labs on the deal.
Founded in 1973 by G C Surana, Micro Labs is a fully integrated pharmaceutical company, present across the entire pharmaceutical value chain from research and development, APIs, finished formulations to marketing and distribution in India and overseas.
The company has presence in cardiology, neurology, neuro psychiatry, orthopaedics, gynaecology and diabetics.
It has presence in more than 30 countries and has 3,300 product registrations in various stages, according to the company website. In the Indian market, Micro Labs has an equal presence in both the acute and chronic segments.
Last year, GlaxoSmithKline Biologicals was looking to buy Hyderabad-based Biological E Limited's vaccine division. In 2009, Glaxo was interested in acquiring Hyderabad-based Shantha Biotech, which was eventually sold to French drugmaker Sanofi-Aventus for $780 Mn.
| 1 Readers' Comments | Post a Comment >> |
KVEZAR VIEW
| Date | Transaction | Type | Buyer | Size ($mn) |
|---|---|---|---|---|
| 13/04/12 | Micro Lab - Glaxosmithkline, Teva Pharma | M&A | Teva Pharmaceuticals Industries Limited | - |
| Date | Type | Buyer | Target | Size ($mn) | State |
|---|---|---|---|---|---|
| 22/05/13 | Capital Market | - | Aarey Drugs And Pharmaceuticals Limited | - | Completed |
| 22/05/13 | Capital Market | - | Aarey Drugs And Pharmaceuticals Limited | - | Completed |
| 22/05/13 | Capital Market | - | WINTAC LIMITED | - | Completed |
| 22/05/13 | Capital Market | - | WINTAC LIMITED | - | Completed |
Company |
||||
| Name | Promoters | Office | Competitor | Website |
|---|---|---|---|---|
| Micro Labs Limited |
Anand Surana Dilip Surana |
27, Race Course Road | http://www.microlabs.in | |
 |
Nomura Financial Advisory and Securities (India) Private Limited |
| 1 | November 21, 2012 12:16 PM |
Dear Sir, Kindly send your company profile by mail to E-mail address provided. RAJIV SHAH(CELL NO 9769914899) EXPORT CO ORDINATOR M/s. Doshi Brothers, Mancharam Building (Mayat Manzil), Ground Floor, 344, S.V.P. Road, Mumbai - 400 004. Tel.: 022 - 66135100 Ext.: -104 Fax.: 022 - 23885100 Email: exim@dbpharma.i n Web: www.dbpharma.in - Posted by RAJIV SHAH |
| 2 | October 08, 2012 10:47 PM |
Dear.Dr. We are ALmarampharma Company in the Republic of Yemen. Our company is new, It is established in 2010, according to the Yemen regulations as by the Ministry of Industry and Trade and Supreme Council for Drug. Our work is in the field of distributing medicines, cosmetics and herbal products. We found that your products will have a good market in Yemen. If you don't mind We are interesting to become an agents , to distribute your products in Yemen have an agent in Yemen . We are looking for your response regarding this issue in order to start very If you can send us your product list ,please do that . We want to be your agent in our country Best Regards, Abdullah Alaghbary General manager - Posted by abdullah alaghbary |
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