Tata Steel on Wednesday said that its arm has accepted a letter of award (LoA) for the acquisition of a 93.71 per cent stake in Neelachal Ispat Nigam Ltd (NINL) and added that the process for the buyout is likely to be completed in the next couple of months.
On February 2, the Department of Investment and Public Asset Management (DIPAM) issued the LoA to Tata Steel Long Products (TSLP) for the acquisition of the 93.71 per cent equity stake of NINL.
Drug firm Lupin on Wednesday said it has entered into a distribution pact with Slovenia-based Medis for its orphan drug NaMuscla. As part of the agreement, Medis will commercialise NaMuscla for the symptomatic treatment of myotonia in adults with non-dystrophic myotonic (NDM) disorders in Central and Eastern European countries, Lupin said in a statement. NaMuscla is the first and only licensed product for this indication.
Dr. Reddy’s Laboratories on Wednesday unveiled its authorised generic version of Par Pharmaceutical’s Vasostrict (vasopressin injection, USP) vials in the US market. The Vasostrict brand market had the US sales of about $878.5 million for the most recent twelve months ended December, the company said citing IQVIA Health numbers.
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February 10, 2022