Breaking News

You are here » Indian-Commodity  :  Top News  :  Cipla's arm inks agreement with Avenue Therapeutics

13-Nov2018

Cipla's arm inks agreement with Avenue Therapeutics

InvaGen Pharmaceuticals Inc., a subsidiary of the leading global pharmaceutical company Cipla, has entered into definitive agreements with two closing stages for a proposed acquisition of Avenue Therapeutics, Inc., a Fortress Biotech company focused on the development and commercialization of intravenous (IV) Tramadol.

At the first stage closing, InvaGen or its affiliates will acquire, through the issuance by Avenue of new shares, shares representing a 33.3% stake in Avenue's capital stock on a fully diluted basis for $35 million.

Cipla is a global pharmaceutical company which uses cutting edge technology and innovation to meet the everyday needs of all patients. The company's portfolio includes over 1500 products across wide range of therapeutic categories with one quality standard globally.


Related News

View all news

Turmeric futures trade lower on NCDEX

Turmeric futures traded lower on NCDEX, on the back of improved crop prospects in Maharashtra. Further, expectation of higher production this season due to higher acreage in Telangana also fuelled the......

Cardamom futures tumble on profit taking

Cardamom futures trade higher on MCX, due to profit taking by participants after the spice rose with the decline in arrivals.The contract for April delivery was trading at Rs 1500.00, down by 1.32% or......

Crude palm oil futures trade higher on rise in demand

Crude palm oil futures traded higher on MCX, due to widening of bets by the speculators at prevailing lower rates, counting on rise in demand from the spot domestic markets. However, weaker trend overseas......

Top News

View all news

V-Mart Retail, KPI Global Infrastructure and PNC Infratech to see some action today

V-Mart Retail has opened a new store in the state of Bihar. With this total number of stores remains to 201 Stores in 163 cities across 16 states and total the tally of stores in Bihar to 40.KPI......

V-Mart Retail opens new store in Bihar

V-Mart Retail has opened a new store in the state of Bihar. With this total number of stores remains to 201 Stores in 163 cities across 16 states and total the tally of stores in Bihar to 40.V-Mart Retail......

KPI Global Infrastructure bags 213.75KW solar power project

KPI Global Infrastructure has bagged an order for executing 213.75KW solar power project under 'Captive Power Producer (CPP)' category from Govindam Knit Fab, Surat for which the Letter of Intent (LoI)......