Lupin buys stake in Australia-based generics firm

Thursday, August 21, 2008, 18:34 [IST]

New Delhi, Aug 21 (UNI) Pharma major Lupin Ltd today said it has bought stake in Australian firm Generic Health.

The Melbourne-based firm markets generic and over-the-counter drugs, the company said in a statement.

However, the company did not disclose the financal detail.

The Australian market for generic drugs is of 2.6 billion dollars and the stake purchase would enhance the company's reach and market penetration in the country.

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Topics: , lupin, buys, stake, australia-based, generics

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