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What is Piramal Healthcare about?

1) Piramal Healthcare has sold its domestic formulation business to Abbott for $3.72 billion, with $2.12 billion paid upfront and $400 million in staggered payments over the next four years. 2) This is the largest deal in the Indian pharmaceutical industry, valuing the domestic formulation business at around 9 times sales. 3) After the sale, Piramal Healthcare will focus on its remaining contract research, diagnostics, over-the-counter, and inhalation anesthetic businesses, which accounted for around $1

Author

jigarchhatrola

Language

EN