Sanofi planing to acquire Shantha Biotech

Shantha Biotech is again in the market this time not for big companies looking for stakes but now the news is that Sanofi-Aventis is planning to acquire Shantha Biotech in a deal which is worth $748 Million. This deal will help out Sanofi-Aventis to expand its vaccine line of business in emerging markets as Shantha has its presence throughout Pacific, Africa and Latin America, and Sanofi is keen in developing its portfolio for vaccines for diseases which has afflicted these regions. These diseases include cholera, diphtheria and tetanus. As of now Shantha biotech is expected to generate revenue worth $90 Million by this year and has strong pipeline for vaccines which include vaccines for rotavirus, conjugated typhoid and human papillomavirus (HPV)……GSK is going to have good lot of money in its pocket as recently it had acquired 61% stakes in Shantha Biotech