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GSK, Teva in talks to buy Micro Labs' India business
Multinational drug majors, who are leaving no stone unturned in their efforts to strengthen their India presence, are back in the buyout market, scouting for the next big M&A opportunity. Pharma giant Glaxosmithkline (GSK) and generic player Teva Pharma, are in separate discussions to acquire the domestic business of Bangalore-based Micro Labs. Micro Labs’ domestic sales are about Rs 1,100 crore.
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