Indian generic drug maker Sun Pharmaceutical Industries Ltd. is acquiring local competitor Ranbaxy Laboratories Ltd. from Japan's Daiichi Sankyo Co.
April 08, 2014 at 12:57 AM
1 minute read
The original version of this story was published on Global Lawyer News
Shearman & Sterling and Davis Polk & Wardwell have the lead roles on Indian generic drug maker Sun Pharmaceutical Industries Ltd.’s $3.2 billion acquisition of local competitor Ranbaxy Laboratories Ltd. from Japanese pharmaceutical company Daiichi Sankyo Co.
The deal, subject to Indian regulatory approval, will create world’s fifth-largest generic drug maker, with revenue of over $4.2 billion per year.
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