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Actavis Buys Indian API Business

1:47 PM MDT | July 30, 2007 | Deepti Ramesh

Generic pharmaceuticals manufacturer Actavis (Hafnarfjordur, Iceland) says it has acquired the active pharmaceutical ingredients (API) division of Sanmar Specialty Chemicals Ltd. (SSCL; Chennai, India). The acquisition price was not disclosed. Wessman: ‘Superior’ integration. The deal reinforces Actavis’s business in India, and completes the company’s pharma value chain in that country, Actavis says. Actavis has an API development facility and a contract research organization (CRO), Lotus Laboratories, at Bangalore. Lotus was acquired in...

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