Aurobindo launches $1.6b bid to buy Novartis generics unit

Aurobindo launches $1.6b bid to buy Novartis generics unit

Aurobindo Pharma. Photo: Bloomberg

Aurobindo Pharma Ltd has submitted an initial bid to buy Novartis AG’s dermatology generics drug business for about $1.6 billion, two people directly aware of the development said on condition of anonymity.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter