Piramal Primes Hospital Injectables Play Via Janssen Products

Piramal is continuing on its acquisitive spree, snapping up a basket of injectable products from Janssen that are expected to give the diversified Indian group a foothold in the $20bn-plus global generic injectable hospital drugs market.

Ampoules

Piramal Enterprises Ltd. (PEL) has acquired five anesthesia and pain management injectable products from Janssen Pharmaceutica NV, in an all-cash deal. The transaction entails an upfront consideration of $155m and up to an additional $20m due to Janssen provided the portfolio achieves certain financial milestones over the next 30 months.

The deal marks the diversified Indian group's sixth healthcare acquisition in the last 24 months; the group has pumped in...

Scrip Podcast

Keep up with the top pharma business news of the week. On the go.

Scrip brings you a weekly bulletin of top picks.

More from Business

More from Scrip