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Mankind Pharma acquires Bharat Serums for $1.6B
The Business Guardian
|July 27, 2024
On Thursday evening, Indian pharmaceutical giant Mankind Pharma announced its decision to acquire Bharat Serums and Vaccines Ltd in a significant transaction valued at approximately 136.30 billion rupees ($1.63 billion), including the company’s debt.
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This strategic move aims to enhance Mankind Pharma’s portfolio, particularly in the sectors of women’s health and fertility treatments.
Mankind Pharma, known for its popular Manforce condoms, is one of India’s largest pharmaceutical companies. The acquisition will grant the company access to Bharat Serums’ specialized products, which focus on critical areas such as women’s health and fertility—sectors that Mankind believes hold substantial global growth potential. Rajeev Juneja, Managing Director of Mankind Pharma, emphasized the strategic importance of this segment, citing the considerable opportunities and strong growth prospects worldwide.
Bu hikaye The Business Guardian dergisinin July 27, 2024 baskısından alınmıştır.
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