Pharma major Shilpa Medicare has announced the acquisition of American pharma company Pilnova Pharma Inc. Upon completion of the acquisition process, Pilnova will become a wholly owned subsidiary of Shilpa Medicare. As per the regulatory filing, Shilpa Medicare informed that it has bought a 100 percent stake in Pilnova Pharma at a price of one dollar per share. Pilnova Pharma, a US-registered pharma sector company, is involved in providing marketing and sales support.
Read the full article: Shilpa Medicare Announces Acquisition of US Based Pilnova Pharma //