Piramal Enterprises on Wednesday said it had acquired five health care brands from Merck Sharp & Dohme for Rs 92 crore, as a part of its strategy to grow its over-the-counter (OTC) business. This is Piramal Enterprises’ second acquisition in the OTC segment in a month and the company aims to be placed among the top-three in the space by 2020. In November, the company had acquired baby care brand Little’s. The five products acquired from Merck are in gastro-intestinal segment and indicated for constipation, diarrhoea and stimulating appetite. The acquired brands are Naturolax, Lactobacil, Farizym, Lynoral and Pregcolor.

Source : http://www.business-standard.com/article/companies/piramal-enterprises-acquires-five-otc-brands-115122300913_1.html

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