Home » Sun, Phlox Merger Gets Approval
Sun, Phlox Merger Gets Approval
April 6, 2005
Shareholders of the Vadodara-based Sun Pharmaceutical Industries (Sun Pharma)
have approved the scheme of amalgamation of Phlox Pharmaceuticals with Sun Pharma
on Monday. This paves the way for Sun Pharma formally acquiring assets of Phlox
Pharma, as the Gujarat High Court had asked shareholders of Sun to approve the
scheme of amalgamation. An official of Sun Pharmaceuticals Industries said that
the unit of Phlox Pharma will be used to manufacture formulations both
tablets and injections for the regulated markets. The plant is presently
being run by Sun Pharma.
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