India: Piramal buys trademark rights for 5 OTC drug brands from Merck units for $13.6m

India: Piramal buys trademark rights for 5 OTC drug brands from Merck units for $13.6m

Piramal Enterprises chairman Ajay Piramal. Photo: Mint

The consumer products division of Piramal Enterprises Ltd has acquired trademark rights for five over-the-counter (OTC) drugs for India from Organon India Pvt. Ltd and MSD BV, Indian subsidiaries of US-based pharmaceutical leader Merck and Co., for a consideration of Rs.92 crore, the company said on Wednesday.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter