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Adcock Ingram buys Cosme Farma’s drug portfolio for $86M

BY  Madhav A Chanchani
The all-cash transaction has been done at a premium of nearly 13 times Cosme Farma’s EBITDA.

South Africa’s Adcock Ingram has acquired the pharmaceutical brands of privately held Cosme Farma Laboratories Ltd for Rs 480 crore ($86 million). The all-cash deal will see the acquisition of Cosme Pharma’s portfolio in areas like dermatology and...

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