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Claris Lifesciences gets nod to sell stake in JV to Otsuka

08 May 2017 Evaluate

Claris Lifesciences has received an approval for the sale and transfer of the equity shares of Otsuka Pharmaceutical India (formerly knowns as Claris Otsuka) to Otsuka Pharmaceutical Factory, Inc for a consideration of $20 million. The board of directors at their meeting held on May 8, 2017 has approved for the same.

Claris Lifesciences is a multi-business enterprise and the holding company of Claris Injectables, a wholly- owned subsidiary dealing in Speciality Injectables business and has a minority stake in Claris Otsuka. Claris has a total of 11 approved products in the US, around 25 ANDAs under review with the FDA and markets its products in 75+ countries.


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Redington 234.90
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Rashi Peripheral 455.25
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