Tag: deal

Pfizer, Biocon calls off $350 million deal

A big blow for relations between Indian drugmaker and its global partners has come out after Biocon-Pfizer divorced their joint partnership.

Pfizer is the world’s largest U.S. drugmaker has ended a deal to sell insulin products produced by Biocon Ltd (BION.NS), India’s biggest biotech company due to the individual priorities and threat of intellectual property protection in such countries.

Pfizer- Biocon jointly revealed a statement on Tuesday, “The companies have agreed that due to the individual priorities for their respective biosimilars businesses of insulin and insulin analog products, it is in their best interest to move forward independently.” Read more

Salman’s Dabangg 2 sets Rs 50 crore record

The latest Bollywood reveals that the so called Chulbul Pandey, means Salman Khan’s much-awaited film Dabangg 2′s satellite rights have been sold out for a record of Rs 48-50 crore by Star Network for 11 years.

The declaration was made to media by a trade source [close to the deal].

In addition to this the music rights of the forthcoming film were sold for around Rs 10 crore by T-Series.

The actor has recently arrived back from Cuba after completing of his upcoming film Ek Tha Tiger, and is most likely to start the shoot of Dabangg 2 in a week or so in Mumbai. Read more

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