#Inde Debt-ridden Elder #Pharma ceuticals up for sale - TheEconomicTimes http://t.co/QlUYUFBagi Pour Pfizer Sanofi GSK ? cc @mtu31 @ghabault
June 11, 2013
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Debt-ridden Elder Pharmaceuticals up for sale
MUMBAI: Mumbai-based pharmaceutical company Elder Pharmaceuticals has been put on the block as it grapples with mounting debts and rising competition in the pharmaceutical industry. The company, founded in 1989 by first generation entrepreneur Jagdish Saxena, has mandated multinational consultancy firm Ernst & Young (E&Y) and Japanese investment banking firm Nomura Securities to manage a formal process to find a buyer through a negotiated transaction.