The termination of the Aurobindo-Sandoz deal isn’t perhaps all bad news for the Indian firm and the flip side may be an improved balance sheet, according to some analysts. But the resolution of compliance issues at manufacturing facilities remains critical.
Some Positives For Aurobindo From Aborted Sandoz Deal • Source: Shutterstock
Shares of Aurobindo Pharma Ltd. fluctuated sharply on Indian stock markets a day after a deal to acquire Sandoz International GMBH’s US generic oral solids and dermatology businesses was mutually called off.
Aurobindo’s shares spiraled down to INR352.95 ($4.50) in early trade on 3 April amid initial investor jitters, but then recovered...
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