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Sanofi Unit Snaps Up Indian OTC Business For $109M

By Pete Brush (August 24, 2011, 2:51 PM EDT) -- Sanofi SA unit Aventis Pharma Ltd. said Wednesday it will buy Mumbai-based Universal Medicare Private Ltd.'s over-the-counter nutrition business for a reported $109 million, a deal that gives the French pharmaceutical giant a manufacturing presence in India....

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