News About The Industry

OxyContin maker to plead guilty to federal criminal charges, pay $8 billion, and will close the company

October 22, 2020 | CNN

Purdue Pharma, the maker of OxyContin, has agreed to plead guilty to three federal criminal charges for its role in creating the nation's opioid crisis and will pay more than $8 billion and close down the company. The money will go to opioid treatment and abatement programs. The privately held company has agreed to pay a $3.5 billion fine as well as forfeit an additional $2 billion in past profits, in addition to the $2.8 billion it agreed to pay in civil liability.

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Piramal Pharma Announces Completion of 20% Strategic Growth Investment by Carlyle

October 6, 2020 | Piramal Pharma

Piramal Pharma Limited (PPL), a subsidiary of Piramal Enterprises Limited (“PEL”, NSE: PEL, BSE: 500302, 912460) today received INR 3523.40 Crores on closure of the transaction for 20% equity investment from CA Alchemy Investments (formerly known as CA Clover Intermediate II Investments), an affiliated entity of CAP V Mauritius Limited, an investment fund managed and advised by affiliated entities of The Carlyle Group Inc. (“Carlyle”). The transaction values the Pharma Business at an enterprise value (EV) of US$2,775 million with an upside component of up to US$360 million depending on the company’s FY21 performance. This transaction is one of the largest private equity deals in the Indian pharmaceutical sector. It provides PPL growth capital that enables it to invest in accelerated business growth through both organic and inorganic opportunities.

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Torreya Releases 2020 Report on the World's Most Valuable Pharmaceutical Companies

September 24, 2020 | Torreya

Torreya, a global advisory firm serving the life sciences industry today released a report comparing the global pharmaceutical industry in 2020 with the industry in 2015. A key finding is that small companies are playing an outsized role in the sector's growth. According to the report, the top eighteen companies comprised three quarters of the industry in 2015, but in 2020 that percentage has dropped to less than half.

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