Strides Shasun to acquire Moberg Pharma’s PediaCare – Feedback

Strides Arcolab International, UK, a wholly owned subsidiary of Bangalore-based pharmaceutical company Strides Shasun, has entered into an agreement with Swedish Moberg Pharma to acquire its ‘PediaCare’ brand for a total consideration of $5 million plus inventory value at closing.

PediaCare, a paediatric cough, cold and allergy brand, has recorded annual sales of approximately US$ 6 million, Strides notified the Bombay Stock Exchange on Friday evening.

http://health.economictimes.indiatimes.com/news/pharma/strides-shasun-to-acquire-moberg-pharmas-pediacare-for-5-million/55627514

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