Brox.AI's co-founder and CEO on why telling an AI to pretend to be a doctor isn’t the same as cloning one — and why that distinction matters for pharma.
|Articles|March 10, 2015
Indian High Court Clears $4 BN Sun-Ranbaxy Merger
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March 10, 2015.
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The Pujnab & Haryana High Court in India has cleared the $4-billion merger between Sun Pharmaceutical Industries and Ranbaxy Laboratories, which will make Sun the world’s fifth-largest generic drug maker,
The buyout is valued at $3.2 billion, but with Ranbaxy’s debts of $800 million, the overall transaction value comes to $4 bn, adds the report.
Japan’s Daiichi Sankyo acquired a 63.9 per cent stake in Ranbaxy for $4.2 bn in 2008, but, the BS report adds, "the value of its investment has since halved, as Daiichi hasn’t been able to ensure compliance with norms at Ranbaxy’s factories supplying drugs to the US."
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