Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Stock Report

| More

Aurobindo Pharma Ltd arm to acquire certain business assets from Profectus BioSciences Inc.

Posted On: 2019-11-28 18:25:09

Auro Vaccines LLC, 100% subsidiary of Aurobindo Pharma USA Inc., USA, which in turn is 100% subsidiary of Aurobindo Pharma Ltd, has entered into a definitive agreement to acquire certain business assets from Profectus BioSciences Inc., USA., a clinical-stage vaccine development company.

Only assets are acquired for an upfront cash consideration USD 11.29 million with potential earn outs on achieving certain milestones.

The acquisition provides access to - Proprietary & Innovative technology platforms for Prophylactic use & Therapeutic use along with Global R&D center.

The acquisition will lead to enhancement of R &0 capabilities and expertise in developing newer vaccines from basic discovery research into FDA-approved product.

The closing of the transaction is subject to Government approvals & Third Party Consents.

Shares of AUROBINDO PHARMA LTD. was last trading in BSE at Rs.450 as compared to the previous close of Rs. 453.35. The total number of shares traded during the day was 138781 in over 2292 trades.

The stock hit an intraday high of Rs. 458.25 and intraday low of 446.9. The net turnover during the day was Rs. 62559190.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Hero MotoCorp to increase prices of its products from Jan 1, 2020

HDFC Bank Ltd board to consider Q3 results on Jan 18, 2020

CRISIL downgrades PC Jeweller Ltd's ratings to default grade

Bharat Gears Ltd announces employee strike at its Lonand Unit

INSILCO Ltd updates on renewal of its applications with UPPCB and CGWA

CRISIL A2+ rating assigned to Newgen Software Technologies' short-term facilities

City Union Bank opens 3 new branches on Dec 9, 2019

AXIS Bank reappoints S Vishvanathan as independent director

PSP Projects Ltd bags Rs. 99.72 crores order for Nestle India Plant at Sanand

Vakrangee partners with Union Bank of India for 20,000 banking BC points for pan India nextgen Vakrangee Kendras

JSW Steel's Crude Steel Production at 12.90 lakh tonnes in November'19

Kilitch Drugs to set-up second green field Project in Ethiopia at an investment of USD 5 mn

Acuite reaffirms long term rating of TFCI

Bank of Baroda to offer shares of UTI AMC in OFS

Cholamandalam Investment and Finance Company Ltd Board to consider Interim Dividend for FY19-20

BHEL signs MoU with CSIR for commercialisation of indigenously developed technologies

TCS Positioned as a Leader in Financial Crime and Compliance Operations Services by Everest Group

Jaguar Land Rover reports November 2019 retail sales

Birlasoft honored with the ACE Alliance Award for successful partnership with SAP®

CRISIL reaffirms FD rating of Transpek Industry Limited

SPARC Provides Update on Paclitaxel Injection Concentrate for Suspension (PICS) Litigation

SPML Infra Ltd. receives new project orders worth Rs. 218 Crore

Solara announces leadership succession plan

CRISIL updates on ratings of Transpek Industry Ltd

Shaily Engineering Plastics Limited clarifies on media reports regarding GST Search

Welspun Corp Ltd bags contracts for supply of 179 KMT pipes

Maharashtra Seamless secures Prestigious ONGC Orders

NBCC India Ltd receives order from Deparment of Revenue

GST search in Shaily Engineering Plastics Ltd's Rania Unit

Ecoplast Ltd to shut down Guwahati plant of subsidiary

KNR Constructions Ltd receives work order of Rs. 165.67 crores

Urja Global Ltd enters into JV for Electric Car

Banco Products India Ltd approves disinvestment

Bank of India board approves fund raising through issue of upto 125 crore shares

Ind-Ra affirms JK Paper's long-term issuer rating

Security and Intelligence Services India Ltd to acquire 51% in Adis Enterprises Pvt Ltd

ITC Ltd acquires stake in Delectable Technologies Pvt. Ltd.

Dynacons recognized as part of the Deloitte Technology Fast 50 India 2019

TCS' Advanced Drug Development Suite wins the India Pharma Award 2019

Zensar Partners with Education Africa to support students of Business Management

Fire at Oriental Aromatics Ltd's catalyst plant

Mitsu Chem Plast Ltd Board to consider Bonus Issue

Shri Jairam Sridharan, CFO of AXIS Bank resigns

Carnation Industries Ltd shuts plant for maintenance, repays dues to SBI, PNB

Issue of US$ 500 Million 3.50 Per Cent Notes By REC Limited

Vascon Engineers Ltd receives Rs. 132.69 crores work order from AAI

KEC International wins New Orders of Rs. 1,025 crore

RBI imposes penalty of Rs. 25 lakh on Andhra Bank

JSW Steel Ltd to seek clarifications on NCLAT order

G Bank, Myanmar Selects Infosys Finacle to Power its Growth







Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019