Strides Arcolab Limited Thursday announced it had entered into an agreement to acquire 70% stake in Bangalore-based biotechnology firm, Inbiopro Solutions. The acquisition marks Strides Arcolab’s foray into biologics. The move is aimed at strengthening the Company’s offering in the Specialty segment. The investment also gives Strides immediate access to a pipeline of 8 products

Indian biotechnology company Transgene Biotek reported its planning to raise funds for financing its aggressive expansion strategy. Transgene said it had settled on raising funds from either international markets through issue of equity shares, FCCBs, GDRs, ADRs and or other securities inclusive of debt instruments or from local offerings via FPO, Preferential issue, Rights issue

Life Technologies, the American based biotechnology company Tuesday reported it is to acquire a unit of its Indian distributor firm, Labindia through its wholly-owned Indian subsidiary Invitrogen BioServices India Pvt Ltd.
However, the amount involved in the transaction was not revealed. Labindia distributes the US firm’s products in India, and a statement from Life Technologies said