Lupin Ltd has acquired a minority stake in Generic Health Ltd, an Australian pharmaceutical company. Generic Health markets a wide range of generic prescription and OTC products.
Generic Health has strategic alliance with Actavis and had acquired Bellwether pharma.
“Our investment in generic health reflects our commitment to expand in Australia.We have built a significant business in this market leveraging our existing alliances with leading local generic companies which we will continue to nurture and grow” said, Vinod Dhawan, president AAMLA
Source: Business Standard