True North scouts for acquisitions in orthopaedics and gynaecology space - (Business Standard via NewsPoints Desk)

  • Indian private equity player True North is scouting for acquisitions in the orthopaedics and gynaecology space to build its domestic formulations portfolio, reported Business Standard.

  • Neurology is another segment the private equity firm is actively looking at as it fits well with the pain management portolio it has, according to the news source.

  • "In the last four to five years, we have been eyeing pharma as an area of opportunity and we are looking at several other segments, from contract manufacturing to active pharmaceutical ingredients, biosimilars and also domestic formulations," said Satish Chander, partner at True North.

  • True North is looking at acquiring a gynaecology division soon, with Chander noting that it is open to having a deal where it can plug portfolio gaps that now exist.

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