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Cadila Healthcare Buys Brazilian Pharma Firm

6:24 AM MDT | August 7, 2007 | Deepti Ramesh

Cadila Healthcare (Ahmedabad, India), a pharmaceuticals company, has signed an agreement to acquire Quimica e Farmaceutica Nikkho do Brasil (Nikkho; Rio de Janeiro), a medium-size pharma company, for about $26 million. The acquisition marks Cadila’s entry into the Brazilian generic pharmaceuticals business. Cadila is acquiring Nikkho through Cadila’s Zydus Healthcare Brasil (Sao Paulo) subsidiary. It is the second overseas acquisition for Cadila this year after the purchase of Nippon Universal Pharmaceutical (Tokyo). Nikkho recorded sales of $26...

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