Merck in Talks to Buy Indian Pharmaceutical Ingredients Maker Micro Labs - Report

Date : 06/20/2012 @ 11:13PM
Source : Dow Jones News
Stock : Merck & Company (New) (MRK)
Quote : 63.51  0.29 (0.46%) @ 12:05AM

Merck in Talks to Buy Indian Pharmaceutical Ingredients Maker Micro Labs - Report

Merck (NYSE:MRK)
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Merck & Co. Inc. (MRK) is in talks to acquire Indian active pharmaceutical ingredients maker Micro Labs Ltd., the Financial Express reported Thursday, citing an unidentified person aware of the matter.

The newspaper said Bangalore-based Micro Labs is a privately held company, founded and run by the Surana family. Micro Labs aims to achieve sales of about $1 billion by 2015, the report said, citing the company's website.

A Merck India spokesperson declined to comment to the newspaper on any possible deal.

Newspaper website: http://www.financialexpress.com

Write to djn.in@dowjones.com

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