Headquartered in Pittsburg, Pennsylvania, Viatris, a global healthcare company, announced it has finalized two deals in India to divest its API and its women’s healthcare businesses for a combined consideration of around $1.2 billion. Viatris will divest its API business in India to Iquest Enterprises, a privately held pharmaceutical company,...
India’s Intas to Supply Biosimilar to Spain’s Syna Therapeutics
Ahmedabad, India-headquartered Intas Pharmaceuticals Ltd., signed an exclusive global licensing deal with Syna Therapeutics, a joint venture of Reig Jofre and Leanbio headquartered at Barcelona Science Park, Spain. Syna will develop and manufacture LB-0702 that is used to treat pathologies in the field of hematology, Intas will commercialize this...
U.S., India, 16 Allies Strengthen Supply Chains
U.S. Secretary of State Antony Blinken and Commerce Secretary Gina Raimondo co-hosted the Supply Chain Ministerial Forum virtually on July 19-20. A partnership was formed of 18 economies: the U.S. EU, Australia, Brazil, Canada, Congo, France, Germany, India, Indonesia, Italy, Japan, Mexico, Netherlands, South Korea, Singapore, Spain and the U.K....
OECD says India to Grow 12.6 percent in 2021
In it latest interim forecast released today, the Organization for Economic Co-operation and Development, OECD, a group of 37 countries headquartered in Paris, put India at the top of its economic growth list (albeit via a defective graphic, see below) with a projection of 12.6 percent GDP growth. For this...
Ebro Foods S.A. Acquires Premium Rice Brand Tilda
Madrid, Spain headquartered Ebro Foods, S.A. purchased Tilda, a premium basmati and specialty rice brand from Hain Celestial Group headquartered in Lake Success, N.Y. The deal for $342 million in cash included 100% of the companies and assets through which the global Tilda business is conducted. This acquisition enhanced Ebro's portfolio...
Eurofragrance's Asian Expansion Begins in India
As part of its 2020 business strategy of increasing its footprint and presence in Asia, Cugat Del Valles, Spain headquartered Eurofragrance, will start with India. Up until now, the company was servicing the Indian market through its affiliate in Dubai. Now, it is gearing up to open its own offices...