AUSTRALIA > India based Strides Shasun’s subsidiary Arrow Pharmaceuticals has acquired US based Amneal Pharmaceuticals Australian operations for AUD 17 million ($13.3 million)

strides shasun logo To expand its presence in the generics market in Australia, Strides Shasun’s Australian subsidiary Arrow Pharmaceuticals has acquired the Australian operation of the US- based Amneal Pharmaceuticals for AUD 17 million ($13.3 million). According to Dennis Bastas, Chairman of Arrow Pharmaceutical, bringing Amneal’s customer base into Arrows network of pharmacies will be very beneficial for Arrow’s growth. Amneal was founded More …

SWITZERLAND > US based Johnson & Johnson expands biotech plant in Schaffhausen, Switzerland investing 22 million Swiss Francs ($22.7 million)

johnson and johnson photoshop logo USA based Johnson & Johnson expands biotech plant investing 22 million Swiss Francs ($22.7 million). The subsidiary of Johnson & Johnson Cilag AG will utilize the money to expand the biotech plant for the production of sterile products for clinical studies. Cilag AG will install modern filling machine by 2019 and it also plans to add an additional filing line More …

SPAIN > Germany based Boehringer Ingelheim invests 100 million euros ($118.38 million) for a new production plant in Sant Cugat

boehringer ingelheim logo German multinational Boehringer Ingelheim is opening a new production plant in Sant Cugat, Spain for which the first stone was placed by Jordi Baiget, Minister for Business and Knowledge. The new production plant will cost about 100 million euros ($118.38 million) and will create 200 new jobs. Boehringer Ingelheim’s new plant will produce a drug delivery device named Respimat, a More …

SWITZERLAND > USA based Merck invests 27 million francs ($28.1 million) on its new packaging center in Switzerland

Merck_Logo Merck has inaugurated a new medical packaging facility in Aubonne, Switzerland for biotechnological medicines. USA based biotechnological medicine company – Merck – has had a biotech manufacturing site in Aubonne since 1984. The new packaging facility took 18 months and will allow shipment to 150 countries where Merck operates. According to Stefano Induni from Merck, the new building is designed More …

Switzerland > Japan’s Softbank set to invest $1.1 billion in Roivant Sciences

Roivant_Logo-Invisible22 Switzerland based, Roivant Sciences has raised $1.1 billion in equity FDI from Softbank Vision Fund. Founded by Vivek Ramaswamy, biology major at Harvard who later went to Yale to get his law degree, noticed pharmaceutical firms abandoning promising drugs for other reasons than their efficacy when he worked as a hedge fund analyst. Sensing an opportunity, Vivek Ramaswamy started Roivant More …

USA > Boston based NxStage to be acquired by Germany’s Fresenius Medical

fresenius logo NxStage, a US based medical technology and services company, is set to be acquired by Germany based Fresenius Medical care to strengthen its vertically integrated dialysis business. The deal which is approved by the board of directors is yet to be approved by the NxStage stockholders, regulatory approvals and other customary closing conditions. The expected date of closing is set More …

IRELAND > Bausch & Lomb invests additional € 85 (US$ 100) million on its Waterford plant adding 125 new jobs

Bausch and lomb Valeant Pharmaceuticals International, parent company of Bausch & Lomb, has invested € 85 million to add the total investment to more than € 200 million in Waterford plant. The company says the additional investment will help to meet the consumer demands and will be utilized to build a new building on 17 acres site beside the current base. The additional More …

IRELAND > US based Boston Scientific Invests US$ 21.5 M on R&D Lab in Galway

boston_scientific US based medical technology company Boston Scientific is to invest €17m (US$ 21.5 m) launching a new Galway-based R&D facility focused on endoscopy research. Boston Scientific Boston has been operating its European Innovation Centre in Galway for more than 20 years producing more than 3 million devices pear year with more than 3000 employees. According to SiliconRepublic,  “the RoadRunner endoscopy design facility More …