Abbott Clinches Wockhardt's Nutritional Business In Bid To Bolster Presence In India

MUMBAI - Beleaguered Indian biopharmaceutical company, Wockhardt announced its third transaction in six months that it sold its entire nutritional business to U.S. pharmaceutical firm Abbott for $130 million. For Abbott, the deal brings in a few strong brands, the nutritional manufacturing facilities in Lalru and Jagraon - two small towns in Northern India - Carol Info Services and certain subsidiaries and group companies of Wockhardt