South African drugmaker Adcock Ingram is to buy a portfolio of about 60 medicines and a distribution network from India’s Cosme Farma for $86 million to bulk up its pres-ence in the country’s $16-billion pharmaceutical market.
Privately held and family-owned, Cosme is a pan-Indian drugs company based in Goa with offices in Mumbai. It has a sales force with about 1,000 staff, making it a smaller player in India’s vast market.
http://www.business-standard.com/india/news/adcock-buys-india-drug-assets-for-86-mn/480068/
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