India’s Orchid Pharma Is Back On The Market

An acrimonious end to a takeover bid for bankrupt Indian player Orchid Pharma has reopened the pathway for previously interested parties to table fresh bids.

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Bids are being accepted again for Indian antibiotics producer Orchid Pharma • Source: Shutterstock

Parties including pharma companies, banks and financial investors have until 19 March to table bids for Indian generic antibiotics specialist Orchid Pharma after a previous buyout deal tabled by Ingen Capital Group under bankruptcy proceedings was annulled.

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