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Mergers & Acquisitions | 27 November 2012

Otsuka Pharma May Acquire Injectibles Biz Of Claris Lifesciences

by Charmi Gutka
Otsuka Pharma May Acquire Injectibles Biz Of Claris Lifesciences
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Claris Lifesciences is planning to sell its injectibles business and it is in preliminary talks with Japanese Pharma firm - Otsuka Pharma for the same.

IDFC and Barclays are the bankers to the deal, ET stated.

This news comes after the announcement by Strides Arcolabs to put up its injectable-drugs unit, Agila Specialties Private Limited for sale.

Ahmedabad based, Claris Lifesciences offers injectibles in various therapeutic segments including anesthesia, critical care, anti-infectives, renal care, infusion therapy, parenteral nutrition and oncology.

It has presence in 91 countries across Latin America, Europe, Gulf, Africa, CIS, Central Asia and Asia- Pacific. Last month, Mitsui of Japan, through its healthcare arm, was plnning to invest R250 Cr in Claris.

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