Abbott piramal deal pdf

Both abbott and piramal are listed on indian stock exchanges. The company nicholas laboratories was renamed to piramal healthcare ltd. This was a landmark deal in the history of indian pharmaceutical industry. Abbott laboratories will buy piramal healthcare ltd. An overview of our business, including our financial profile and public honors. Affluent pharmaceutical giants from the west are in pursuit of their counterparts in the east to consolidate their presence and business in emerging markets. In the secondlargest deal ever in the indian pharma industry, usbased abbott laboratories has acquired the pharmaceuticals solution business of. Zenith international research and academic foundation. The deal will also involve the transfer of over 5,000 employees who are engaged in piramals domestic. Piramal deal will give abbott india size piramal, who is the chairman of piramal healthcare, said the valuation of about nine times shows the. Receive abbott financial or press release information by email. Piramal abbott deal dissected nishith desai associates. In 2010, the domestic formulations business was sold to abbott.

Piramals, exceo fined for insider trading in abbott deal. This deal enables abbott to become the largest pharma company in india. Abbott says piramals business brings its market share in india to about 7 percent and gives it. Piramals healthcare solutions business employs more than 5,000 people in india. Abbott acquisition of piramal healthcare solutions pdf nyselisted pharma major abbott labs has inked a deal with piramal healthcare to acquire piramals healthcare solutions business. Economic, competitive, governmental, technological and other factors that may affect abbotts operations are discussed in. Last month piramal healthcare agreed to sell its domestic formulations business to global pharmaceutical giant abbott for an upfront payment of usd 2. Financial healthcare and with the new owners, abbott, being a glob. As things stand today, this target seems an uphill task for the company to achieve.

Abt is poised to become the top pharmaceutical company in india, following its acquisition of piramals healthcare solutions. Big pharma s most important drugs are losing patent protection, growth in developed markets has slowed to a crawl, and much of its cash is trapped overseas. Home big pharmas top 5 emerging market deals gsk and laboratorios phoenix top 5 emerging market deals. On wednesday,piramal healthcare denied media reports the founders were selling a stake in the drug maker. Indian pharma sector likely to grow 11% over the years. Piramals healthcare solutions business will become part of abbotts newly created, standalone established products division. Download as docx, pdf, txt or read online from scribd. Piramal 30% stake from the promoters and an open offer for the remaining 21%. Abbott, which is celebrating its 100th year in india, has more than 2,500 employees across all of its businesses there.

In 2010, ajay piramal promoted piramal healthcare sold off its main formulation business to abbott india for over inr 17,000 crore and announced a buyback of up to 20% of outstanding share capital of the company at inr 600 per share the healthcare business had sales of inr 1,970 crore in fy10. Merger and acquistion of pharmaseutical sector abbott. Abbotts three most recent annual reports, including proxy statements. In 2007, it underwent a deal with merck for development and discovery of new drugs. Piramal to share abbott deal booty with employees the. Built on the foundation of trusteeship, piramal group imbibes a business ethos that believes in creating value for all its stakeholders. Abbotts acquisition of piramals formulations business. Services al pharma major, it was a good deal for the em. Abbott laboratories buys piramal healthcare limited biz. Abbotts indian drugs deal fields three big problems. Abbott expands emerging market generic drug presence with. Piramal enterprises limited does not undertake any obligation to update forwardlooking statements to reflect events or circumstances after the date thereof. Nitrogemasa of longterm treatment with acetylene on nitrogenfixing microorganisms. Book traversal links for abbott and piramal top 5 emerging market deals.

Piramal healthcare on 21st may 2010 executed agreements with abbott india for the sale of its. While abbotts only paying a chunk of the cashover several years, the net present value is still 6. To request information via mail, please follow this link. The abbott buyout of piramals generics unit will lead to the transfer of rights and trademarks for 350 branded drugs and a manufacturing unit located in baddi himachal pradesh. In 2008, it signed second drug development deal with eli lilly. Secondlargest deal in indian pharma space to make the us firm largest player. Abbott plans to fund the deal with cash on its balance sheet and said the transaction would not change its earnings outlook for 2010. Abbott piramal deal valuation pdf piramal deal will give abbott india size piramal, who is the chairman of piramal healthcare, said the valuation of about nine times shows the. These materials are not a prospectus, a statement in lieu of a prospectus, an offering circular, an invitation or an. The abbott deal is the fourth biggest acquisition of an indian drug business by a foreign drug maker in the last. He did this deal at a mind blowing valuation of 9 times fy2010 sales.