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Claris in JV with Japan's Otsuka Pharma, Mitsui for drugs biz

Source : REUTERS
Last Updated: Fri, Dec 07, 2012 08:06 hrs
A pharmacist gives free medicine provided by the government to a patient inside a government hospital in Kolkata

Drugmaker Claris Lifesciences Ltd said on Friday it will form a joint venture with Japan's Otsuka Pharmaceutical Factory and Mitsui & Co Ltd for its medical infusion drugs business in India and emerging countries.

Claris said its board also approved the sale of its infusion business, on a slump basis, to the company's fully-owned unit, Claris Speciality Injectables, which will eventually run the joint venture.

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