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Ahmedabad-based Intas Pharmaceuticals had emerged as the dark horse last October when it acquired the generic business of Actavis in the UK and Ireland for Rs 5,100 crore ($732 million) from Teva.
Intas beat global giants Mylan and Novartis, besides domestic rival Aurobindo Pharma, to the deal.
In less than a year, Intas will be bidding for three assets worth $4 billion by mid-October. This would be the biggest bet by an Indian pharma overseas. Two of these three assets are Teva’s units in Europe.
The world’s biggest generic maker is struggling with $40 billion debt following the acquisition of
