Abbott India growth

May 24, 2010

ABBOTT Pharmaceuticals has announced a US$3.7 billion takeover of Indian branded generics manufacturer Piramal Healthcare Solutions. The deal will push Abbot into the “leading market position in India, one of the world’s most attractive and rapidly growing markets,” said Abbott ceo Miles D. White. Piramal has annual sales of about US$500m a year, with the business growing 23% in the last 12 months. The new business will become part of Abbott’s newly created standalone Established Products Division.

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Pharmacy Daily | Abbott India growth

Abbott India growth

Other recent headlines

Sandoz calling for biosimilar policy reforms

Summit bigger than ever

Star Discount Chemist teams up on travel

SEARCH PHARMACY DAILY

Featured video

Recent issues

INDUSTRY JOB VACANCIES