Sanofi buys Shantha Biotech
Sanofi-Aventis”, French drug maker, announced a majority buy in India”s leading biotech company, Shantha Biotechnics. Shantha Biotechnics is getting a new parent Sanofi Aventis is paying 550 million euros or around Rs 3,740 crore for a controlling stake of 78 per cent in the Indian biotech major and this is the fourth acquisition by the [...]