Sun Pharma Buys Stake in Hungary Co.
MUMBAI, AUGUST 10 : Indian drug maker
Sun Pharmaceutical Industries Ltd. said on Wednesday
it had acquired a stake in ICN Company Hungary Ltd.
from Valeant Pharmaceuticals International.The purchase
of the raw materials and dosage form manufacturing operations
in Hungary gave Sun an early opportunity to enter the
European generic market, its chairman Dilip Shanghvi
said in a statement.
August 10, 2005