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Teva denies interest in buying Aurobindo.

Publication: Pharma Marketletter
Publication Date: 16-JAN-06
Format: Online
Delivery: Immediate Online Access
Full Article Title: Teva denies interest in buying Aurobindo.(Teva Pharmaceutical Industries Ltd.)(Aurobindo Pharmaceuticals)

Article Excerpt
Although several Indian newspapers carried stories that Israel's Teva had held several rounds of talks about acquiring a stake in the domestic drug company Aurobindo, but the two companies could not come to an agreement over the valuation, the Indian firm has denied the report. In a notice to the stock exchange based in Mumbai, the company said that there are "no such negotiations at all...

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