Monday, April 7, 2014

Sun Pharmaceutical to Buy Ranbaxy in $3.2 Billion Deal -

Sun Pharmaceutical to Buy Ranbaxy in $3.2 Billion Deal -

"The deal would make Sun Pharma the largest pharmaceutical company in India and the fifth-largest generic drug company in the world. But it would also saddle the Mumbai-based company with the chore of fixing up Ranbaxy's operations and ending restrictions on its U.S. sales.

Before curbs imposed by the U.S. Food and Drug Administration, Ranbaxy earned about 40% of its revenue from the American market. Now, only one Ranbaxy plant, located in the U.S., is producing drugs for U.S. consumption."

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