Drug Major Sun Pharmaceuticals has announced the commercial launch of generic Pantoprazole Sodium Delayed Release (DR) Tablets, 40 mg in the market. The drug is used for treating oesophagus ailments.
Sun Pharmaceuticals has launched the drug after the commercial launch by Teva Pharmaceutical Industries and Wyeth’s generic Pantoprazole Sodium tablets product.
This strength of Pantoprazole Sodium has annual sales of around 2.3 billion dollar in the US. The product is being sold by its marketing partner Caraco Pharmaceutical Laboratories.
The company had received a USFDA approval for these tablets in Sep 2007.
New York-headquartered, BlackRock has acquired the 40% stake held by Merrill Lynch in mutual fund DSP Merrill Lynch Fund Managers. The mutual fund house will be renamed DSP BlackRock Mutual Fund while DSP Merrill Lynch Fund Managers will be renamed ‘DSP BlackRock Investment Managers’.
The remaining 60 per cent will continue to be held by the DSP Group (Hemendra Kothari and his associate companies).
Hemendra Kothari, chairman of DSSML-FM, said the deal is in line with the realignment of Merrill Lynch asset management business and there is no cash transaction involved.
Sharjah-based Dana Gas in a recent announcement has said
Jump Games, a mobile game developer and part of Anil Ambani’s Reliance Entertainment
Microsoft Corporation has acquired a 35% equity 
equipment maker Bharat Heavy Electrical
