Category: Funding

CHENNAI, JUNE 11, 2014 :

Chennai-based medical device maker Cura Healthcare has received $6 million funding from private equity firm Peepul Capital. The investor currently holds the majority stake in the company. Cura, which had got $9 million from Peepul four years ago, is looking to expand into nuclear medicine – which is about utilising radioactive substance as medicine – and healthcare IT. The company is looking at acquiring a device maker with wide market coverage in the country. The acquisition is expected to cost about $8 million, Chief Executive Officer M Balasubramaniam told reporters. Business Line

Category: Funding

New Delhi, May 03, 2014 - 

Bayer AG (BAYN)
is in exclusive talks to acquire Merck & Co.’s consumer business and is prepared to pay about $14 billion for the division, people with knowledge of the matter said.

An announcement is likely to come in the next few days, said the people, who asked not to be identified because the talks are private. While the two sides have agreed to a deal in principle, they are still working out details and haven’t formally reached an agreement, the people said. The terms would include cash and an exchange ofpharmaceutical assets, possibly structured as a joint venture, the people said.

A deal would strengthen Merck’s core drug business while helping Bayer to beef up its consumer-products line by adding brands including Claritin allergy relief. It would be similar to other recent pharmaceutical transactions, in which companies have sold weaker business lines and added to areas where they are more competitive.Bloomberg

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