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.

About news

We take care of publishing the latest investment news and highlights for Feedback

Leave a Reply

Your email address will not be published. Required fields are marked *