Lupin to Acquire Australian Pharma Company Southern Cross Pharma
Generic Health, the Australia-based wholly-owned subsidiary of global pharma major Lupin is acquiring 100 percent of the shares of Southern Cross Pharma (SCP).
As a part of the transaction, Generic Health will gain access to over 60 registered products of SCP having sales of over $22 million. This will significantly increase Lupin’s value proposition and market share in the Australian market. Incorporated in Melbourne, Australia, SCP is engaged in developing, registering, and distributing generic products.
Salesforce to Enter RPA Market with Servicetrace Acquisition
Salesforce is acquiring Servicetrace, a robotic process automation (RPA) provider headquartered in Darmstadt, Germany. When the deal closes, Servicetrace will become part of Salesforce-owned MuleSoft.
Founded in 2004, Servicetrace has three product lines: Robotic Process Automation, Application Performance Monitoring and Automated Software Testing. With the addition of Servicetrace, MuleSoft will be able to deliver a leading unified integration, API management, and RPA platform, which will further enrich the Salesforce Customer 360 — empowering organizations to deliver connected experiences from anywhere. The new RPA capabilities will enhance Salesforce’s Einstein Automate solution, enabling end-to-end workflow automation across any system for Service, Sales, Industries, and more.
Healthium Medtech Acquires Gelatin Sponge Business of SGK Labs
Healthium Medtech, a global medical devices player, has acquired AbGel gelatin sponge business from Mumbai-based SGK Labs, adding to its product portfolio focused on surgical and post-surgical care.
AbGel is a recognized brand in the gelatin sponge category and has been used in India since 1980. Headquartered in Mumbai with a state-of-the-art manufacturing facility, SGK Labs is a preferred partner for leading hospitals and medical professionals across India. Healthium aims to further expand the market access of this brand using its wide network of hospitals across India.
