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

PD breaking news – Queensland pharmacies scope of practice pilot expanded

Commbank to help navigate ownership

Littleproud visits Orana Mall

SEARCH PHARMACY DAILY

Featured video

Recent issues

INDUSTRY JOB VACANCIES