Sun-Taro Merger Nearing Completion As Shareholders Vote Yes
Sun Pharma Shares Thoughts On Generic GLP-1s, Mohali Plant, And FY2024 Results
Sun Pharma will finally merge with Taro as a single company, after failed attempts to absorb the firm over a decade ago. Also, the firm hints about its upcoming generic portfolio, including GLP-1 products, as well as increasing investment into its specialty business.
The countdown begins. The long-awaited merger between Sun Pharma and Taro Pharmaceutical is expected to be completed over the next month, as the latter’s shareholders approved the agreement by an affirmative vote.
Commenting on the announcement, Sun Pharma’s managing director Dilip Shanghvi said: “We are pleased with the approval by Taro’s shareholders,...