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Baxter Injects $625m In ‘Foundational Asset’ Claris

 
• By Anju Ghangurde

Baxter has snapped up India’s Claris Injectables, accelerating efforts to become a global leader in generic injectables. The deal also puts the spotlight back on the significant M&A appetite in the niche injectables segment and the scarcity premiums that such assets can command.

Deal street swung back into action in India ahead of the holiday season with Baxter International Inc. acquiring Claris Lifesciences Ltd.’s injectables arm, Claris Injectables Ltd, for about $625m.

The transaction fast-tracks the US firm’s quest to emerge as a global leader in the generic injectables segment and also ends long-running speculation around an imminent sale of Claris’ injectables...

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