...Other Indian News

1 September 1997

- German drugmaker Knoll AG, the pharmaceutical arm of BASF, has decidedto postpone its plans to make an open offer to Indian shareholders to acquire an 11% stake in its Indian subsidiary. Sources in the subsidiary indicated that Knoll feels the current price of Knoll (India) stock would make an acquisition unviable. However, the sources said that Knoll AG would maintain its present holding in the Indian firm at 40%.

- Hoechst Marion Roussel India has posted sales of about $41 million for the first four months of the current year, a rise of 8% on the like, year-earlier period. The company is selling its manufacturing facility for the production of the antirabies vaccine Rabipur at Ankleshwar to Chiron Behring Vaccines Private Ltd for a sum to be mutually agreed. A move by the German parent group to increase its stake in HMR India to 56.1% has now reportedly been dropped.

This article is accessible to registered users, to continue reading please register for free.  A free trial will give you access to exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space for a week. If you are already a registered user please login. If your trial has come to an end, you can subscribe here.

Login to your account

Become a subscriber

 

£820

Or £77 per month

Subscribe Now
  • Unfettered access to industry-leading news, commentary and analysis in pharma and biotech.
  • Updates from clinical trials, conferences, M&A, licensing, financing, regulation, patents & legal, executive appointments, commercial strategy and financial results.
  • Daily roundup of key events in pharma and biotech.
  • Monthly in-depth briefings on Boardroom appointments and M&A news.
  • Choose from a cost-effective annual package or a flexible monthly subscription
The Pharma Letter is an extremely useful and valuable Life Sciences service that brings together a daily update on performance people and products. It’s part of the key information for keeping me informed

Chairman, Sanofi Aventis UK



Companies featured in this story

More ones to watch >


Today's issue

Company Spotlight