India's Unichem Laboratories up after deal to buy Bayshore USA's assets

Unichem Laboratories

01/10/2024 05:21

** Shares of Unichem Laboratories  UNLB.NS  up 3.5% at 681.1
rupees
    ** Specialty pharmaceutical co enters agreements to purchase
all rights in product approvals and goodwill associated with
nine abbreviated new drug applications (ANDA) of Bayshore USA
for $2.7 million
    ** Co's U.S. unit to buy U.S. generics formulations
marketing/distribution business of Bayshore USA for $10 million
    ** Stock up 67% YTD

 (Reporting by Aleef Jahan in Bengaluru)
 ((aleefjahan.cs@thomsonreuters.com))