Cadila extends tenure of three way partnership with Bayer Pte, Well being Information, ET HealthWorld


Cadila extends tenure of joint venture with Bayer PteDrug firm Cadila Healthcare on Wednesday stated it has inked a pact to increase the tenure of a joint venture with Bayer Pte ltd for 2 months to discover potentialities of additional collaboration.

The corporate has signed an settlement to increase the tenure of the three way partnership with a Bayer Group firm for a interval of two months, Cadila Healthcare stated in a regulatory submitting.

The businesses had entered into an settlement on January 28, 2011, for the three way partnership, pursuant to which an organization was fashioned to hold on with the enterprise of selling of pharmaceutical products, it added.

Cadila shares have been buying and selling 6.54 per cent up at Rs 606.55 apiece on BSE.

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