Aurobindo Pharma Jumps into Race to Buy $1.5 Billion Teva Portfolio

Indian drugmaker Aurobindo Pharma Ltd. is among companies considering bids for Teva Pharmaceutical Industries Ltd.’s portfolio of drugs in the U.K., Ireland and Iceland, people familiar with the matter said.

Aurobindo would finance the deal with a loan of more than $1 billion, according to one of the people, who asked not to be identified because the deliberations are private. No final decision has been made, and the company could still decide against a bid, the people said. The sale could fetch about $1.5 billion, people familiar with the matter have said previously.

MORE ON THIS TOPIC