India: Sun Pharma to acquire eye care specialist Ocular Tech for $40m

India: Sun Pharma to acquire eye care specialist Ocular Tech for $40m

Photo: Mint

Sun Pharmaceutical Industries Ltd, India’s largest drug maker, has decided to acquire Ocular Technologies, Sarl (OTS) from global PE firm Auven Therapeutics (Auven) for $40 million, the company said in a stock market disclosure on Thursday. The deal is subject to various approvals and is expected to complete by end of this year.

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