Food and Drug Administration (FDA) due to concerns about manufacturing processes at its India plants.For Sun Pharma https://www.cheapnflsalejerseys.com/, the relatively rare purchase by a leading Indian company of a local rival creates the biggest generic drug business by sales in India, with combined revenue estimated at $4.2 billion. Under terms of the agreed deal, Ranbaxy shareholders will get 0.8 Sun Pharma shares for each Ranbaxy share they own.”This transaction helps us transition to our long held ambition of becoming a successful Indian company in the global pharmaceutical space,” Dilip Shanghvi, managing director of Sun Pharma, India’s largest drugmaker by market value, said in a conference call with analysts. Including Ranbaxy debt, the overall value of the transaction is $4 billion.The global generic drugs sector has also seen a wave of mergers recently as companies seek economies of scale in an industry that sells low cost, commodity products.The sector has had a good run in the past decade selling copycat versions of medicines but recently times have got harder, thanks to a dwindling number of patent expirations.
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