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The pharma sector is expected to be an underperformer during the fourth quarter of FY09. The growth in revenues and earnings is likely to be lower than that observed in the previous three quarters of the fiscal.Average estimates of leading seven pharma companies by ETIG and five brokerages indicate...

Intas Biopharmaceuticals Limited, an Indian biopharmaceutical company, is acquiring Biologics Process Development Incorporated (BPD Inc.), a biotechnology company in the US. BPD Inc.

Zydus Cadila, one of India's leading pharmaceutical companies, has acquired a 70 percent stake in Simayla Pharmaceuticals, a South Africa-based generics company.

Daiichi Sankyo Company Limited, one of Japan's leading pharmaceutical companies, is acquiring a majority equity stake in Ranbaxy Laboratories Limited, India's largest pharmaceutical company and one of the top ten generics companies in the world.