 "Lupin studied Wockhardt for possible acquisition")
"There are some synergies, and there's a lot of duplication with Lupin," Managing Director Nilesh Gupta said in an interview on Friday in Mumbai. "We have certainly looked at it. It doesn't hurt to always do that kind of analysis."
Sun Pharmaceutical Industries Ltd, the biggest drugmaker, in April announced plans to buy Ranbaxy Laboratories Ltd in a $3.2 billion deal to boost its presence in emerging markets. Wockhardt currently has a market value of about Rs 7,890 crore ($1.3 billion), according to data compiled by Bloomberg.
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