CURRENT AFFAIRS

2016

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which pharma company has announced the completion of the acquisition privately held US-based GAVIS Pharmaceuticals LLC and Novel Laboratories (GAVIS)
A
Orexo
B
Lupin
C
Ipsen
D
McGuff
Explanation: 

Detailed explanation-1: -Pharma Major Lupin Limited (Lupin) announced today that it has completed its acquisition of privately held US based GAVIS Pharmaceuticals LLC and Novel Laboratories Inc.

Detailed explanation-2: -In 1968, DBG founded Lupin with ₹5000 borrowed from his wife. Through sheer grit, determination and perseverance, he expanded his business and soon set up Lupin’s first manufacturing plant supplying iron and folic acid tablets for the Government of India’s flagship programme aimed at improving mother and child health.

Detailed explanation-3: -Lupin Ltd. is a leading pharmaceutical company from India and is amongst the top 10 generic companies in the world. It started its business in 1968 and over the years has become one of the largest pharmaceutical companies in India and the world.

Detailed explanation-4: -Lupin U.S. Corporate Headquarters is located in Baltimore MD, with four additional pharmaceutical research and manufacturing offices located in New Jersey, Pennsylvania and Florida.

There is 1 question to complete.