Lupin buys US firm Symbiomix Therapeutics for $150 million

Date posted: Thursday 12 October 2017

US subsidiary of Lupin Ltd has acquired Symbiomix Therapeutics LLC for a cash consideration of $150 million, in a bid to expand in the women’s health segment. The total cash consideration includes an upfront payment of $50 million and other time-based payments. Lupin will also make certain sales-based contingent payments to Symbiomix.

(Live Mint)