Exclusive: Sole bidder emerges for bankrupt pharma firm Parabolic Drugs
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Exclusive: Sole bidder emerges for bankrupt pharma firm Parabolic Drugs

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Exclusive: Sole bidder emerges for bankrupt pharma firm Parabolic Drugs
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Parabolic Drugs Ltd, a listed bulk drugs manufacturer which is currently undergoing insolvency proceedings, has received a takeover offer from a larger peer. Mumbai-based Akums Drugs & Pharmaceuticals Ltd is looking to bolster its active pharmaceutical ingredients (API) business by snapping up Parabolic Drugs, two people privy to the development told ......

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