ARTICLE | Company News
Merck, Sun Pharma winding down JV
February 13, 2016 2:58 AM UTC
Indian pharmaceutical company Sun Pharmaceutical Industries Ltd. (BSE:524715; NSE:SUNPHARMA) said it will wind down operations of its JV with Merck & Co. Inc. (NYSE:MRK) due to "changes in the strategic priorities of both the parent companies."
The companies partnered in 2011 to develop and commercialize new combinations and formulations of branded generics in emerging markets (see BioCentury Extra, April 11, 2011). ...