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    You are here: Home > Pharmacy News | Health Articles/Tips > Sun Pharma > December 07, 2005

      Pharma overseas buys top $400 million

      Sun Pharma may provide the perfect topping to a year in which Indian pharma companies have already notched up overseas acquisitions worth an all-time high of $400 million. In 2004 the corresponding figure was $155 million, reports Business Standard.

      The aim is to tap overseas markets, expand the geographical reach and enhance the intellectual property portfolio needed to survive in the post-patent era.

      With Indian stock markets at an all time high, the market capitalisation of Indian firms has shot through the roof, increasing the leverage of their equity.

      The total worth of overseas acquisitions for this year has been buoyed by the single biggest overseas acquisition ever by an Indian pharma company, that of Docpharma in Belgium by Matrix Laboratories.

      Dr Reddy`s takeover of Roche`s API (active pharmaceutical ingredients) unit in Mexico and Ranbaxy`s acquisition of Spanish Efarmes SA were also notable.

      December 07, 2005


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