Ad­vent, Bax­ter Pre­pare Bids to Buy Gland Pharma

The Economic Times - - Companies -

Global buy­out firm Ad­vent In­ter­na­tional and US-based Bax­ter In­ter­na­tional are among suit­ors pre­par­ing to sub­mit sep­a­rate bids to buy un­listed In­dian drug­maker Gland Pharma, three peo­ple with di­rect knowl­edge of the mat­ter told Reuters. A deal would un­der­score the pos­i­tive out­look for drug­mak­ers in In­dia, which is a ma­jor sup­plier to the world and counts the US as its largest ex­port mar­ket.


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