Wockhardt has stayed quiet on reports that it is planning to spin off its formulations business into a separate operation and then sell a sizeable chunk of it to cut a massive debt load.
Wockhardt, one of India’s oldest drug firms, has refused to comment on media reports that it is aiming to demerge its formulations operation and then sell a significant minority stake in the business to reduce a mounting debt pile. The loss-making company said it would not respond to market “speculation.”
“We would like to state that being a responsible corporate, we do not comment on market rumour and/or speculation,” Wockhardt...
Mounjaro, Eliquis, and Darzalex buck the Q1 trend to make gains
Steffen Wagner has taken over as Stada’s head of Germany, adding to his existing responsibilities in Europe, after Eelco Ockers stepped down from the role. Ockers’ departure comes as German generics giant Stada restructures its business to bring its branded and consumer health interests into closer alignment as part of a more streamlined model.
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