Navigation Links
Ranbaxy to Consolidate Position in Biopharmaceuticals and Speciality Injectables Including Oncology
Date:10/3/2007

To enhance equity stake in Zenotech Laboratories to 45%

GURGAON, India, Oct. 3 /PRNewswire/ -- Ranbaxy Laboratories Limited (Ranbaxy) and Zenotech Laboratories Limited (Zenotech) today announced the signing of Definitive Agreements, providing for an increase in equity stake by Ranbaxy from its current 7% to 45% at a price of Rs. 160 per share aggregating to Rs. 214 Crores. This involves:

(a) Purchase of shares from the existing Promoters

(b) Preferential Offer to Ranbaxy by Zenotech

The above triggers a mandatory open offer by Ranbaxy to other shareholders of Zenotech, at a price of Rs. 160 per share or as determined by SEBI regulations.

Post the offer, the existing Promoter Group of Zenotech will have a 25% stake in its expanded equity capital. Dr. Jayaram Chigurupati shall continue as the Managing Director.

Speaking on the development, Mr. Malvinder Mohan Singh, CEO & MD, Ranbaxy, said, "The increasing importance of Biologics in the Global Pharmaceutical industry and the opening up of the generic Biologics in the regulated markets, makes it opportune for Ranbaxy to enhance its presence in this area. Speciality injectables, that include Oncology products, constitute an attractive segment that underpins our strategic intent. Having worked with Zenotech for almost two years, we believe that this investment and partnership provides a strong platform for us to leverage these opportunities."

Commenting on the transaction, Dr. Jayaram Chigurupati said, "Ranbaxy's increase in stake will enable Zenotech to concentrate on its core competencies of cutting edge Drug Development and Specialized Manufacturing. Access to Ranbaxy's unmatched Global market reach, Quality & Compliance and Regulatory & IP expertise will enable us to take the business into its next phase of growth."

Zenotech has received three Indian approvals for Oncology Biopharmaceuticals i.e. GCSF (Granulocyte Colony Stimulating Factor), GM-CSF (Granul
'/>"/>

SOURCE Ranbaxy Laboratories Limited
Copyright©2007 PR Newswire.
All rights reserved

0

GOOD

Page: 1 2 3

Related biology technology :

1. Fiserve Acquires RegEd, Consolidates N.C.-Based Operations in Wisconsin
2. World Class Life Science and Pharmaceutical Companies Leverage DoveBid s Global Reach for Asset Management and Disposition
3. Wisconsin early-stage companies must position themselves to get capital
4. New UW position focusing on Internet security
5. Midwest holds strong position in worldwide diagnostics business
6. Doyle praises Frists new stem cell research position
7. GE promotes Milwaukee-area CEO to London position
8. Is IT leadership a position or an attitude?
9. nPoint announces new nanopositioning scanning control mode
10. A new LC/MS/MS Research Method for Rapid Quantitation of Five Immunosuppressant Drugs, including Mycophenolic Acid (MPA)
11. National stem-cell panel, including UW profs, urges close watch on research
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:10/13/2008)...iscoveries add to understanding of individual risk...the deCODEme(TM) personal genome,analysis scan, R...-- Scientists at,deCODE genetics (Nasdaq: DCGN ) ...wo single-letter variations in the human genome (S...), the most common cancer among,people of European...
(Date:10/13/2008)...N-LE-PONT, France, October 13 /PRNewswire-FirstCal...precedent, Essilor has now,completed the acquisiti...AG, the world leader in prescription optical equip...e coating units and surfacing,machines, as well as...ported EUR161 million in revenue in 2007 and emplo...
(Date:10/10/2008)...ON, Oct. 10 /- CorMatrix Cardiovascul...veloping and delivering unique,extracellular matri...ody,s,innate ability to repair damaged cardiovascu..., M.D., Chief Scientific Officer, will present dat...TM) at the annual,Transcatheter Cardiovascular The...
(Date:10/10/2008)...searchers in academia and industry reveal powerful...Lacromin) in mammalian cell culture lea...T COLLINS, Colo., Oct. 10 /- A recent...tro Cellular & Developmental Biology,revealed that..., http://www.Lacromin.com ) is a strong growth fac...
Breaking Biology Technology:deCODE Discovery Sheds Light on Risk of the Most Common Form of Skin Cancer 2deCODE Discovery Sheds Light on Risk of the Most Common Form of Skin Cancer 3deCODE Discovery Sheds Light on Risk of the Most Common Form of Skin Cancer 4CorMatrix Cardiovascular to Present Data on Its Next Generation ECM Technology(TM) at Annual Transcatheter Cardiovascular Therapeutics (TCT) Conference in Washington, D.C. 2New Study Finds Growth Factor Boosts Productivity in Mammalian Cell Culture 2
...rian, Inc. , Introduction , Rit...ug shown to be effective in the treatment of anxie...pamine D2 receptor antagonist. 2 These two compou... of the Varian 1200L LC/MS/MS in selected reaction...o be a useful tool in the quantitation of low leve...
... Houston, TX , Introduction , A ...titation of the plasma levels oxybutynin obtained ...rinary tract using a urethra suppository mode of a...t disease is a major health problem in the U.S. an... population. Urinary incontinence accounts for ove...
... responsible for most of the biological effects in... and allergic type responses. T lymphocytes are a ...n-specific receptors on their cell surface to allo...main subsets of T lymphocytes, distinguished by th...and CD8. T lymphocytes expressing CD4 are also kno...
...n , Formation of new blood vessels is fu...ses and has therefore been the focus of many drug ...od vessel development is a significant event in th...mplicated in wound healing, retinopathy and macula...s to quantify the degree of blood vessel formation...
Other Biology Technology:Femtogram Sensitivity of the Antipsychotic Drugs Raclopride and Ritanserin Using a Varian 1200L LC/MS/MS 2Quantitation of Oxybutynin in Rabbit Plasma Using the Varian 1200L LC/MS/MS System 2Quantitation of Oxybutynin in Rabbit Plasma Using the Varian 1200L LC/MS/MS System 3Th1 and Th2 Balance, Regulation, and Involvement in Disease 2An Image-Based Assay of Endothelial Cell Tube Formation as a Model of Angiogenesis 2An Image-Based Assay of Endothelial Cell Tube Formation as a Model of Angiogenesis 3An Image-Based Assay of Endothelial Cell Tube Formation as a Model of Angiogenesis 4
(Date:10/10/2008)...ied stem cells with the capacity to build fat, acc...e journal Cell, a Cell Press publication. Althou...themselves, transplants of the progenitor cells is...ore normal fat tissue in animals that are otherwis...o the causes of obesity, a condition characterized...
(Date:10/10/2008)...technology have shaped not only how we find or sha.... A project just funded by the National Institutes...n to the next level. , The University of Michiga...olecular data needed to develop computer programs ...ates. The data will be housed in a Web-based resou...
(Date:10/10/2008)...stigators from the Herman B Wells Center for Pedia...Medicine are focusing on a family of blood protein...xic effects of chemotherapy in children and adults...lopment of targeted therapies for leukemia, multip... researchers, led by Kristin T. Chun, Ph.D., assis...
(Date:10/10/2008)...sh, Gasterosteus aculeatus , is one of the most t...een a particularly useful model for understanding ...d morphology caused by different ecological situat...lecular and genetic to developmental and morpholog..., it has proven far more complex than even imagine...
Breaking Biology News(10 mins):Fat-regenerating 'stem cells' found in mice 2New data resource to advance computer-aided drug design 2On the trail of a targeted therapy for blood cancers 2Fitness in a changing world 2Fitness in a changing world 360 Specialty Chemical Fine Chemical 26 Custom Synthesis Providers Will Exhibit at Pharma ChemOutsourcing on September 8 9 in New Jersey 5665 160 Specialty Chemical Fine Chemical 26 Custom Synthesis Providers Will Exhibit at Pharma ChemOutsourcing on September 8 9 in New Jersey 5665 2Premier Research Names Anthony Faragasso MD as Executive Director and Global Head of Medical Management and Safety 5663 1Premier Research Names Anthony Faragasso MD as Executive Director and Global Head of Medical Management and Safety 5663 23SBio Inc to Present at the Goldman Sachs Twenty Ninth Annual Global Healthcare Conference 5661 1Access Pharmaceuticals Presents New Data on the Companys Cobalamin 28TM 29 Technology at an International Polymer Therapeutics Symposium 2206 1Access Pharmaceuticals Presents New Data on the Companys Cobalamin 28TM 29 Technology at an International Polymer Therapeutics Symposium 2206 2Access Pharmaceuticals Presents New Data on the Companys Cobalamin 28TM 29 Technology at an International Polymer Therapeutics Symposium 2206 3
...can damage DNA, reducing its ability to replicate ... the development of skin cancers. However, not muc... is altered upon exposure to UV light. Now a group...a method to measure changes in the mechanical prop...otr Marszalek and his colleagues have conducted si...
... in sound processing centers in the brains of maca...animals watch a video. , This study confirms a num...hinking, in which hearing, taste, touch, sight, an...e brain and only later integrated. The new researc... Institute for Biological Cybernetics in Tübingen,...
... based on MIT research, patients who get stitches ...r suture cleared last month by the FDA is made of ...so they can be safely absorbed once the wound is h...res now used and very flexible, making them easier...developed by Tepha, Inc., a Cambridge company that...
...reading a group of plant viruses that cause devast..., say plant pathologists with The American Phytopa...rown, professor of plant sciences at the Universit...hitefly, Bemisia tabaci (B. tabaci), is the exclus...of emerging plant viruses that infect several hund...
Other Biology News:Stretching DNA to the limit 2Do you hear what i see? 2Natural polyester makes new sutures stronger, safer 2
...e microarrays are derived from Paraffin embedded t...ity control procedures to ensure the highest quali...n one block, sectioned at a thickness of 5 microns...(3-5mm in diameter) in comparison to core sections...
...e microarrays are derived from Paraffin embedded t...ity control procedures to ensure the highest quali...n one block, sectioned at a thickness of 5 microns...(3-5mm in diameter) in comparison to core sections...
...ne Opticon real-time PCR detection system uses a f...0-495 nm) and a photomultiplier tube for fluoresce...built on an DNA Engine thermal cycler base, which ...ludes the thermal cycler, 96-well sample block, op...
...ection system is used for single-color real-time d... fluorophores and features a real-time PCR thermal... data from 96 wells, a gene expression macro for r...nalysis. The system includes the optical module an...
Biology Products: