BioSyntech

Piramal Healthcare will buy Canadian firm's assets

Piramal Healthcare will buy Canadian firm's assets

Leading Pharmaceutical Company of the country, Piramal Healthcare has announced that it is going to sign an agreement with BioSyntech of Canada. Both the companies have agreed on this deal and as per the current agreement, Piramal Healthcare is going to acquire BioSyntech's assets.

As per the sources the Indian Inc. will pay $3.9 million to the Canadian for this acquisition.

Piramal signs deal to acquire BioSyntech’s assets

Piramal signs deal to acquire BioSyntech’s assets

One of India's largest pharmaceutical company, Piramal Healthcare has signed a definite agreement to acquire the assets of BioSyntech. The total worth of these are estimated to be close to Rs. 174.5 million.

BioSyntech is into the business of developing and marketing advanced bio therapeutic thermogels. And with the buying of the assets, Piramal plans to strength its presence in this area.