Moneycontrol
Jan 15, 2013 09:51 AM IST | Source: Reuters

Pfizer considers purchase of India's Agila Specialties

Pfizer Inc is considering buying India's Agila Specialties, the injectable-medicines unit of Indian drug supplier Strides Arcolab Ltd , for a possible price of $2 billion, Bloomberg reported on Monday.

Pfizer considers purchase of India's Agila Specialties

Pfizer Inc is considering buying India's Agila Specialties, the injectable-medicines unit of Indian drug supplier Strides Arcolab Ltd, for a possible price of USD 2 billion, Bloomberg reported on Monday.


Pfizer is doing due diligence and a deal could be reached this quarter, Bloomberg reported, citing unnamed sources.


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A Pfizer spokeswoman said the company does not comment on market rumours or speculation.


Agila makes cancer treatments and antibiotics, Bloomberg said.

Pfizer shares were up 23 cents at USD 26.75 on the New York Stock Exchange.

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