Beximco acquires Nuvista stake

Beximco Pharmaceuticals has acquired a majority 85.2% stake in fellow Bangladeshi firm Nuvista Pharma for £18.2 million (US$25.2 million). In early October last year, Beximco entered into a non-binding memorandum of understanding with the hormone and steroid drug specialist (Generics bulletin, 13 October 2017, page 3).

Beximco Pharmaceuticals has acquired a majority 85.2% stake in fellow Bangladeshi firm Nuvista Pharma for £18.2 million (US$25.2 million). In early October last year, Beximco entered into a non-binding memorandum of understanding with the hormone and steroid drug specialist (Generics bulletin, 13 October 2017, page 3).

Nuvista – formerly part of Organon – has a local branded pharmaceuticals manufacturing facility in Tongi, Dhaka, and also has...

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