Indovation Technologies inks term sheet to buy 100% stake in Symetric Life

Indovation Technologies has signed a term sheet to buy 100% stake in Symetric Life, a Hyderabad-based pharma solutions & services company for Rs 15 crore. Along with the stake, the company would also acquire three products - SyMetric used for clinical data management system (CDMS); Mindomatics used for computerised psychometrics tests and a pharma application likely to be rolled out by December 2014.

The company has also signed another term sheet for acquiring 100% in Hyderabad-based Sristek Clinical Research Solutions for Rs 10 crore.