Dr Reddy's Laboratories (DRL) and global private equity firms EQT and Warburg Pincus are the frontrunners for acquiring Advent's stake in Mumbai-headquartered biopharmaceuticals firm Bharat Serums and Vaccines (BSV), said sources close to the development.
New Delhi-based Mankind Pharma too is in the fray, but it is taking a more conservative approach to valuation, according to sources.
"BSV is being valued at $1.25-1.5 billion at the moment, which is down from the earlier $2 billion. In 2019 the company was valued at $500 million," said a source, who added that Mankind Pharma was interested in the deal if the valuations were a bit more conservative.
Mankind Pharma, DRL, EQT, and Warburg Pincus declined to comment on the matter.
この記事は Business Standard の June 19, 2024 版に掲載されています。
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