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Pinewood Laboratories

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Exits force Wockhardt to rejig top team

Beleaguered drugmaker Wockhardt has a new management team in place to implement a three-year strategic plan to get back on track. The company has seen at least four senior-level exits in the last......

Roles reverse in pharma M&As

Early this month, US-based Perrigo, one of the largest over the counter (OTC) pharmaceutical producers in the world, acquired an 85 per cent stake in Mumbai-based Vedants Drugs and Fine Chemicals.......

Why Wockhardt sold 10 key properties

The sale of 10 key properties will overnight turn Habil Khorakiwala-promoted Wockhardt Hospitals from being among the top four healthcare chains in India to a minnow. But it will also give the......

Asset sale plan: Wockhardt may go slow

Drug major Wockhardt is likely to go slow on its plans to divest non-core assets, including the proposed stake sale of its hospital chain, since the Corporate Debt Restructuring package approved by......

'This is the worst crisis in our lifetime'

Habil Khorakiwala, executive chairman of Wockhardt, says he has seen many ups and downs in his business since he inherited drug trading firm Worli Chemicals many decades ago and transformed it into......

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