Suitors Weigh Bids for Sanofi's $3B European Generics Biz


MUMBAI: Homegrown Aurobindo Pharma, Zydus Cadila, Torrent Pharma and Intas have expressed preliminary interest in buying the European generics business of Paris-headquartered pharma giant Sanofi as frenzied dealmaking continues in Big Pharma the world over in the new year.

The portfolio of acute, chronic and oncology products could fetch a valuation of $1.5-2 billion, making it among the largest outbound transactions pursued by an Indian drug company, said multiple sources.

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