India: Piramal Enterprises buys drug portfolio from UK firm for $171m

India: Piramal Enterprises buys drug portfolio from UK firm for $171m

Photo: Abhijit Bhatlekar/Mint

Piramal Enterprises Ltd (PEL) on Monday announced that it had bought a portfolio of drugs for spasticity, a muscle control disorder, and pain management from UK-based Mallinckrodt Llc for $171 million (around Rs1,160 crore) in an all-cash deal.

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