File Photo Bloomberg

File Photo Bloomberg

Indian arm to come under medical biz

Indian arm to come under medical biz

New Delhi: Abbott Laboratories said on Wednesday its Indian division will come under the diversified medical products division after the company’s proposed split.

File Photo Bloomberg

In May 2010, Abbott acquired the domestic formulation business of India’s Piramal Healthcare for $3.72 billion (about 17,484 crore) to become one of the leading drug firms in the country.

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