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Advent to acquire significant minority stake in animal drug maker Felix Pharmaceuticals for $175 million

New Delhi, June 9 -- Private equity firm Advent International has signed a definitive agreement to invest $175 million (about Rs.1,500 crore) for a significant minority stake in Felix Pharmaceuticals ... Read More


How Medikabazaar's new CEO is trying to turn around the business, target profitability this year

New Delhi, June 5 -- Medikabazaar, the medical equipment supplier, expects to put the controversies surrounding the startup behind it as it targets profitability this year, CEO Dinesh Lodha toldMint i... Read More


Zydus buys Agenus' biologics plants in US for $125 mn, licenses cancer therapy

New Delhi, June 3 -- Zydus Lifesciences announced on Tuesday it is acquiring two biologics contract manufacturing facilities in California from US-based Agenus Inc for a total consideration of up to $... Read More


Glenmark-Ichnos cancer drug shows 74% response in phase-1 trial

Mumbai, June 2 -- Ichnos Glenmark Innovation (IGI), a joint venture between Glenmark Pharmaceuticals and Ichnos Sciences, on Monday shared promising results from an ongoing phase-1 trial of ISB 2001, ... Read More


KKR provides $600 mn financing to Manipal Group to fuel its corporate expansion

Mumbai, June 2 -- Global investment firm KKR announced on Tuesday that it would finance the Manipal Group with $600 million, making this the firm's largest credit investment in India. The investment,... Read More


Indian pharma's young blood takes over as drug dynasties crack the succession code

New Delhi, June 1 -- Some of India's largest pharmaceutical firms, including Sun Pharmaceutical Industries Ltd and Torrent Pharmaceuticals Ltd, are priming the next generation of their promoter famili... Read More


Apollo Hospitals to deepen presence in Bengaluru, Hyderabad

New Delhi, May 30 -- Apollo Hospitals Enterprise Ltd is increasing its penetration in Bengaluru and Hyderabad through a mix of greenfield and brownfield projects, as it embarks on a large-scale expans... Read More


Mankind to expand gastro, derma presence, says MD Rajeev Juneja

New Delhi, May 27 -- Mankind Pharma is focused on expanding its presence in the gastrointestinal and dermatology segments this year, as it looks at expanding its presence in the chronic segments, mana... Read More


Sun Pharma to ramp up specialty products portfolio in FY26 to drive growth

New Delhi, May 22 -- Sun Pharmaceutical Industries Ltd will continue to focus on its specialty products in FY26, which contributed to India's largest drugmaker's growth last fiscal. The company plans... Read More


Sun Pharma to ramp up growth-boosting specialty portfolio in FY26

New Delhi, May 22 -- Sun Pharmaceutical Industries Ltd will continue to focus on its specialty products in FY26, which contributed to India's largest drugmaker's growth last fiscal. The company plans... Read More