For total consideration of Rs 25 crore
Indovation Technologies announced that:1. Term sheet has been entered into with Symetric Life Sciences - a Hyderabad based Pharma Solutions & Services Company, for acquisition of 100% stake in the said Company along with products mentioned herein below, for purchase consideration of Rs. 15 crore.
a) SyMetric - Clinical Data Management System (CDMS).
b) Mindomatics - Computerized Psychometrics Tests: The software application has a series of computerized psychomotor tests, that enable the effect of drugs on human motor and psychiatric functions. The said software is copyrighted.
c) Pharma App: Development of the application is in advanced stage and is expected to be rolled out by December, 2014.
2. Term sheet has been entered into for acquisition of 100% stake in Sristek Clinical Research Solutions based at DLE Cyber City (SEZ), Hyderabad, for purchase consideration of Rs. 10 crore.
Powered by Capital Market - Live News
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app