Dr Reddy's and JB Chemicals abort deal for Russian Rx business

Dr Reddy's Laboratories has called off plans to acquire fellow Indian firm JB Chemicals & Pharmaceuticals' prescription pharmaceutical business in Russia and the CIS.

Dr Reddy's Laboratories has called off plans to acquire fellow Indian firm JB Chemicals & Pharmaceuticals' prescription pharmaceutical business in Russia and the CIS.

Both companies informed Indian bourses that the $34.85 million deal had been "mutually terminated in the overall business interest of...

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