India's Cipla to buy Hetero Drugs' US business for about $550 mln

September 4, 2015 3:30 AM

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MUMBAI, Sept 4 Indian generic drugmaker Cipla Ltd is set to buy the U.S. business of privately held rival Hetero Drugs for about $550 million, the Economic Times newspaper reported on Friday, citing people close to the transaction.

The newspaper said Cipla would buy U.S.-based Camber Pharmaceuticals and InvaGen Pharmaceuticals. (bit.ly/1NdFoyO)

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