#Pharma #Bourse Sanofi, Novartis and GSK in race to buy Elder Pharma's domestic formulations business - http://t.co/Mah86WwKbQ cc @Mtu31
June 26, 2013
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Sanofi, Novartis and GSK in race to buy Elder Pharma's domestic formulations business
MUMBAI: Multinational pharmaceutical majors such as Sanofi, Novartis and GSK are in the race to buy out the domestic formulations business of debt-ridden Elder Pharmaceuticals. While Sanofi and GSK have put in non-binding bids, Novartis has signed a non-disclosure agreement. Sanofi is understood to have appointed HSBC as its investment banker.