Lupin to buy 51% stake in Artifex
Indian drugmaker Lupin says that it is to acquire 51% of Belgium-based Artifex Finance CVA for an undisclosed sum. The firm added that it has entered into a memorandum of understanding with Artifex and its subsidiaries, which include Dafra Pharma.
In a separate announcement, Lupin said that it planned to jointly develop a new artemisinin-based anti-malaria drug with Dafra, adding that the new compound would be used by the World Health Organization and the Roll Back Malaria project.
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