Biocon Biologics: Eris to buy Biocon arm’s brands in Rs 366 crore deal
NEW DELHI: Biocon Biologics (BBL) is divesting its dermatology and nephrology branded formulations business to Eris Lifesciences for Rs 366 crore. The business, which includes its legacy small molecule brands, will be sold as a slump sale, a company statement said. The deal represents an accretive multiple of 4x on revenues and 22x on EBITDA.Post-deal … Read more