Luye Group, the parent of Luye Pharma, is bidding to acquire Ethypharm, a privately held French pharma, at a price that could be as much as $800-$900 million. Luye faces competition on several fronts for control of Ethypharm, which is currently owned by PE firm Astorg Partners. Other investment companies are interested, as is the UK’s Mundipharma, as well as several unnamed China pharmas, according to Bloomberg, which broke the story.
