India's top-ranked drug firm, Sun Pharmaceutical Industries Ltd., said that it was acquiring 85.1% of Russia's JSC Biosintez; the equity consideration for the deal is $24m, while Sun will also assume debt of about $36m as part of the transaction.
Sun Acquires Russian Firm Amid Localization Push
India's Sun Pharma, the world's fifth largest specialty generic company, has snapped up the Russian firm, JSC Biosintez, raising its stakes in a market that has moved decisively towards import substitution.
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