Please login to the form below

Not currently logged in
Email:
Password:

Sanofi to buy Universal Medicare's OTC unit

According to reports, Sanofi is in talks to buy the majority stake in Universal Medicare's over-the-counter (OTC) business

According to reports, Sanofi is in talks to buy the majority stake in Universal Medicare's over-the-counter (OTC) business.

News agency Reuters has said two sources with 'direct knowledge' of the subject claim India-based Aventis Pharma, a division of Sanofi, is close to completing a deal worth 5bn rupees ($109.5m).

The deal would see Aventis gain 30 products manufactured by Universal Medicare, with combined annual sales of over 1bn rupees, boosting the company's OTC activities in India.

Universal Medicare has a workforce of around 700 people. Its OTC products include pain management medicines and cod-liver oil.

Sanofi refused to comment on the speculation.

23rd August 2011

Share

Featured jobs

Subscribe to our email news alerts

PMHub

Add my company
Videum Health

Videum Health is a premium video platform that offers brands innovative engagement strategies to reach targeted healthcare audiences on a...

Latest intelligence

Erik
A quest for innovative solutions
UCB looks to the future through a PRISM...
Big data, privacy and the rise of genomic testing
Blue Latitude Health speaks to Johan Christiaanse, Marketing Director at BGI, to find out how the medical profession can overcome one of the major barriers to precision medicine – big...
Deal Watch January 2018
...

Infographics