The exports of pharmaceutical products were valued at 1.01 billion dollars in December, the highest in the first nine months of 2008-2009.

Adcock Ingram of South Africa has announced its intention to acquire the entire issued ordinary share capital of Cipla Medpro South Africa (CMSA) for a consideration of $228 million (2.125 billion rand). At 4.75 rand per share, this represents a premium of 36 per cent to CMSA’s closing share price on April 7.

Pharma company Jubilant Organosys on Thursday said it has joined hands with a Finland-based firm Orion for the discovery of drugs.